ADA Surges 3.51% as Binance Launches Soft Staking and Cardano Eyes $100M Treasury Shift

Cardano (ADAUSDT) has experienced a 3.51% price increase over the past 24 hours, currently trading at 0.8571 according to Binance data. This upward movement is primarily attributed to several positive developments: Binance's launch of Soft Staking for ADA, allowing users to earn daily rewards without a lock-up period, and Cardano founder's proposal to convert $100 million from the Cardano treasury into stablecoins and Bitcoin, both of which have contributed to increased investor interest and buying pressure. Additional momentum has been driven by a significant transaction on the Cardano network, bullish technical indicators, and broader market optimism following the passage of crypto-friendly legislation in the U.S. House of Representatives. Trading volume remains strong, with recent figures between $1.08 billion and $1.34 billion, and ADA's market capitalization is estimated at around $29.85 billion to $31 billion, reflecting heightened market participation and liquidity.