ADA Surges 3.32% as Binance Soft Staking Launch and CLARITY Act Boost Market Momentum

Cardano (ADAUSDT) has experienced a 3.32% price increase over the past 24 hours, currently trading at 0.8890 USDT on Binance. The recent price surge is attributed to several factors, including Binance's launch of Soft Staking for ADA, which allows users to earn daily rewards by holding ADA in their Spot Wallets, and positive market sentiment following the U.S. House of Representatives' approval of the CLARITY Act, which could impact Cardano's regulatory status. Additionally, technical indicators such as RSI and MACD have signaled bullish momentum, and Cardano's integration into the Blockchain.com DeFi Wallet has contributed to increased trading activity. Over the last 24 hours, ADA's trading volume reached approximately $2.64 billion, with a market capitalization of around $31.20 billion, reflecting strong market interest and a continuation of its recent upward trend.