ADA Surges 5% as Soft Staking Launch and $2.5B DeFi Milestone Drive Cardano Momentum

Cardano (ADAUSDT) has experienced a 5.03% price increase over the past 24 hours, currently trading at 0.8034 USDT on Binance. The upward momentum is primarily attributed to several positive developments, including the introduction of Soft Staking for ADA on Binance, which allows users to earn daily rewards while maintaining trading flexibility, and the launch of the Emurgo Cardano Card, enhancing ADA's utility as a payment method. Additionally, Cardano's total value locked in DeFi has reached $2.5 billion, reflecting growing ecosystem engagement. Increased trading volume, a surge in active addresses, and a broader altcoin rally have further supported ADA's price rise, with trading volumes exceeding $2.4 billion in the last 24 hours and market capitalization ranging from $27.88 billion to $34.75 billion. The asset has broken through key resistance levels, and market sentiment remains optimistic as traders monitor ADA's ability to sustain its gains and approach the $1 mark.