ADA Token Surges 2.36% on Binance Amid Developer Growth and Grayscale ETF Momentum

Cardano (ADAUSDT) experienced a 2.36% price increase over the last 24 hours, rising from a 24h open of 0.8194 to a current price of 0.8387 on Binance. This upward movement is attributed to several factors: a notable surge in trading volumes earlier in the month, increased developer activity as evidenced by a 27% rise in GitHub contributions, and positive sentiment following Grayscale's S-1 filing for a Cardano ETF. Technical indicators, including a bullish engulfing pattern, have also contributed to short-term buying interest. The market remains active, with ADAUSDT showing stable price action, a 24-hour trading volume exceeding $49 million on Binance, and a circulating supply of approximately 37 billion ADA, supporting a market capitalization near $30 billion.