Cardano (ADA) jumps 5% on July 9 amid rising volume and overbought signals. Traders eye a potential breakout on the weekly chart, but long-term trends remain bearish.
Charles Hoskinson proposes a bold plan to revamp Cardano’s treasury by converting ADA into stablecoins and Bitcoin, generating yield and liquidity to boost DeFi growth.
ADA hovers near support with weak volume, slowing bullish potential.
Treasury diversification targets higher DeFi liquidity and stablecoin ratio.
Cardano (ADA)...
$SNEK represents 16% of Cardano’s total trading volume to date.
Collaboration aligns with IOHK’s mission to enhance Cardano decentralization.
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