ADA Surges 4% as Cardano Treasury Eyes Bitcoin, Nasdaq Listing Fuels DeFi and NFT Growth

Cardano (ADA) traded at $0.6551 on Binance, reflecting a 4.05% increase over the past 24 hours from a 24h open of $0.6296, with robust trading volume around $652.89 million and a market cap of $22.7 billion. The recent price rise is primarily attributed to renewed investor confidence following Charles Hoskinson’s proposal to use 140 million ADA from the Cardano treasury to acquire Bitcoin and Cardano-based stablecoins, which has sparked active governance discussions and is seen as a move to boost DeFi liquidity in the ecosystem. Additional positive sentiment stems from Cardano's inclusion in the Nasdaq benchmark index and a surge in new ecosystem projects, particularly in NFTs and smart contracts, which have contributed to increased network activity and staking participation. ADA remains up over 10% on the week, with technical strength observed after a bounce from local support levels, and forecasts suggest continued gradual price appreciation in the coming months.