The Cardano debate revolves around Charles Hoskinson's proposal to convert $100 million worth of ADA into Bitcoin and native stablecoins like USDM to boost DeFi growth and liquidity. This plan aims to address Cardano's stablecoin shortage, currently standing at $31 million, and achieve a 33-40% stablecoin-to-TVL ratio, up from the current 9%. The proposal has sparked controversy, with some community members warning of potential price drops and others suggesting alternative solutions like minting crypto-backed stablecoins. The debate highlights differing views on treasury management and ecosystem development within the Cardano community ¹ ². #CardanoDebate #tradersleauge
Cardano (ADA) is currently priced at $0.62-$0.64, with a 24-hour trading volume of $412 million to $955 million. The cryptocurrency's market capitalization stands at $22 billion to $24 billion, ranking it 10th or 11th among all cryptocurrencies. ADA's price has declined 2-6% in the last 24 hours, with some sources reporting a 0.25% decrease. The coin's circulating supply is around 36-37 billion, with a maximum supply of 45 billion. Experts predict potential price movements based on market trends and technical analysis, but caution against market volatility ¹ ² ³. #BinanceHODLerHOME
Ethereum's current price is around $2,534.06, with a 7.4% increase in the last 24 hours. The cryptocurrency's market cap stands at $305.8 billion. Ethereum's price has been volatile, with a 24-hour trading volume of $42.78 billion and a circulating supply of 120 million ETH. The all-time high for Ethereum was $4,878.26 on November 10, 2021. Experts predict potential price movements based on market trends and technical analysis. Some analysts foresee a possible rally to $4,000 in the coming weeks, while others caution against market volatility ¹. #MarketPullback
Bitcoin's current price is $105,330.76, with a 2.28% increase in the last 24 hours. The cryptocurrency's market cap stands at $2.09 trillion. If you're interested in buying or selling BTC, various exchanges and platforms are available. Some popular options include Binance and Coinbase. Be cautious of scams, like the "MUSKX promo code" scheme, which uses deepfake videos of Elon Musk to trick users into depositing crypto. Always verify information through official channels and exercise skepticism when encountering too-good-to-be-true offers ¹ ².
#IsraelIranConflict The Israel-Iran conflict is a complex and ongoing issue with deep historical roots and significant geopolitical implications. Iran has repeatedly threatened to destroy Israel, which it views as a threat to its security and regional influence. In response, Israel has taken steps to counter Iranian influence and protect its security. The conflict has led to numerous military confrontations, proxy wars, and diplomatic tensions, drawing international attention and concern. The situation remains volatile, with potential implications for regional stability and global security. Many are calling for a peaceful resolution. #IsraelIranConflict #TradersLeauge
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