<ul data-eligibleForWebStory="true"><li>Cardano's ADA is showing signs of bullish momentum to break psychological price levels of $0.65 and $0.80.</li><li>Market analyst Lingrid points out the formation of higher lows within a descending channel, aiming for a $0.75 target.</li><li>Higher lows in price action indicate growing demand and confidence, signaling a potential uptrend.</li><li>At the moment, Cardano is trading at $0.6348 according to CoinGecko data.</li><li>Charles Hoskinson identified Cardano's low stablecoin ratio as a weakness and proposed converting $100M in ADA treasury to Bitcoin and stablecoins.</li><li>Hoskinson aims to enhance DeFi growth and liquidity by diversifying ADA's treasury, addressing the low stablecoin-to-DeFi ratio.</li><li>The current ratio is under 10%, with $32 million in stablecoins and $330 million in total value locked (TVL).</li></ul>

Charles Hoskinson’s Bold Move: Convert $100M ADA Treasury to Bitcoin and Stablecoins to Fix DeFi Gap

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