According to @ItsDave_ADA, Cardano's ADA token has experienced significant volatility, first dropping 6% to $0.6412 before recovering towards $0.65, driven by a contentious governance proposal. The debate centers on a plan to allocate 140 million ADA (approximately $100 million) from the treasury to boost stablecoin liquidity for Cardano's DeFi ecosystem. Cardano founder Charles Hoskinson supports the move, arguing it's essential for growth and that sell pressure can be mitigated through strategies like TWAP orders. However, critics like user @cardano_whale warn that introducing this much ADA could create damaging sell pressure and lead to front-running by traders. From a technical standpoint, ADA found strong support at $0.622 after falling from $0.688, with subsequent resistance forming near $0.645 and $0.650. Despite the debate, network fundamentals remain strong, with TapTools reporting that Cardano has surpassed 1.3 million staking addresses.

According to @ItsDave_ADA, Cardano (ADA) is experiencing significant price volatility driven by conflicting fundamental factors. On one hand, the network achieved a bullish milestone, surpassing 1.3 million staking addresses, which signals strong long-term holder confidence. On the other hand, the price saw a 6% drop amid a contentious community debate over a proposal to allocate $100 million in treasury ADA to boost stablecoin liquidity for its DeFi ecosystem. Cardano founder Charles Hoskinson supports the initiative, suggesting gradual execution via TWAP orders to prevent market disruption. However, critics like user @cardano_whale warn that introducing 140 million ADA in sell pressure could damage the token's price. From a technical perspective, ADA established strong support at $0.622 after falling from $0.688, with current resistance near $0.645. Current market data shows ADA trading around $0.578 (ADAUSDT).

According to @ItsDave_ADA, Cardano's ADA token is experiencing significant price volatility, recently dropping over 6% before a partial recovery, as the community debates a major governance proposal. The proposal, initiated by the TapTools team, suggests allocating 140 million ADA (approximately $100 million) from the treasury to boost stablecoin liquidity for its DeFi ecosystem. This has created a divide, with critics like user @cardano_whale warning of substantial sell pressure that could harm the token's price, as cited in the report. In contrast, Cardano founder Charles Hoskinson defended the plan, calling sell-pressure concerns a "false narrative" and suggesting gradual, over-the-counter sales to prevent market disruption. Amid this debate, the network achieved a positive milestone, surpassing 1.3 million staking addresses, which signals strong long-term holder conviction. From a technical perspective, the report identifies key support for ADA at $0.622 and resistance at $0.645. Current market data shows ADAUSDT trading around $0.5541, indicating the market is still weighing the potential sell pressure against the long-term DeFi growth prospects.

According to @ItsDave_ADA, Cardano (ADA) has experienced significant price volatility, initially climbing to nearly $0.65 after the network surpassed 1.3 million staking addresses, a milestone highlighted by TapTools that signals strong fundamentals. However, the token later dropped 6% to $0.6412 amid a contentious community debate over a proposal to allocate $100 million from the treasury to boost stablecoin liquidity in its DeFi ecosystem. The debate features influential figures, with @cardano_whale warning of potential sell pressure, while founder Charles Hoskinson argued that gradual, over-the-counter (OTC) or time-weighted average price (TWAP) sales could prevent market disruption. From a trading perspective, the initial rally broke resistance at $0.635, while the subsequent drop found strong support at $0.622, with resistance now capping gains at $0.645. This price action reflects the conflict between positive on-chain growth and market concerns over the treasury proposal's execution.

According to Dave (@ItsDave_ADA), staking ADA with the DAVE pool offers Cardano holders a chance to earn rewards while contributing to network decentralization (source: https://twitter.com/ItsDave_ADA/status/1935436481109119044). This pool targets consistent performance and transparent operations, which can be relevant for traders seeking reliable returns and long-term exposure to ADA price movements. Staking with established pools like DAVE may also enhance ADA liquidity and stability, factors that can influence short-term trading decisions.

According to @ItsDave_ADA, the DAVE Cardano stake pool produced 25 blocks in the last epoch, resulting in an impressive average ROS (Return on Stake) of approximately 2.70%. This performance marks a strong recovery from the previous epoch, which had lower results. Consistent high block production and competitive ROS can attract more ADA delegators, impacting Cardano's staking ecosystem and potentially increasing ADA's liquidity and network security. Traders should monitor such high-performing pools for potential changes in staking rewards and ADA market sentiment. (Source: @ItsDave_ADA on Twitter, May 10, 2025)

According to @ItsDave_ADA, DAVE Stake Pool has produced 20 blocks so far this epoch with 5 hours remaining, marking a consistent pattern of surpassing 20 blocks per epoch. This increased block production highlights DAVE Stake Pool's growing influence and reliability within the Cardano staking network, which is a positive signal for ADA stakers seeking stable rewards and long-term network participation. Verified block production metrics like these can help traders identify high-performing pools, which may lead to better ADA yield opportunities and increased network decentralization (source: @ItsDave_ADA on Twitter, April 29, 2025).