ADA Token Surges 2.18% as Binance Soft Staking, Upgrades, and Whale Activity Drive Momentum

Cardano (ADAUSDT) has experienced a 2.18% price increase over the past 24 hours, rising from a 24-hour open of 0.7389 to a current price of 0.7550 USDT on Binance. This upward movement is attributed to several factors, including the recent introduction of ADA to Binance Soft Staking, which allows users to earn daily rewards with no lockup or fees, likely boosting demand and holding activity. Additional drivers include heightened institutional interest, increased developer activity, whale accumulation, and ongoing network upgrades such as the upcoming Leios upgrade and the Hydra layer-2 solution, all contributing to positive sentiment and trading activity.

In the last 24 hours, ADA has traded within a range of approximately 0.7503 to 0.7651 USDT, with a robust trading volume of about 185.06 million USDT on Binance and a market capitalization of around $27.1 billion, ranking it as the 11th largest cryptocurrency. The asset has shown notable volatility, reflecting both bullish momentum from recent developments and mixed short-term market sentiment.