ADA Token Surges 7.6% Amid Binance Competition, Network Milestone, and Ford Collaboration News

ADAUSDT has experienced a significant 7.60% price increase over the last 24 hours, rising from a 24h open of $0.5420 to a current price of $0.5832 on Binance. This price surge is primarily attributed to heightened trading activity following the announcement of Binance’s Alpha Trading Competitions, which includes ADAUSDT as an eligible pair and offers $3 million in rewards, likely driving increased demand and speculative trading. Additional contributing factors include Cardano's network surpassing 110 million total transactions, positive sentiment from the upcoming "Leios" mainnet upgrade, and news of a proof-of-concept project with Ford Motor Company testing decentralized legal data storage on Cardano. Despite recent whale selling of 230 million ADA, the overall market remains active, with ADA’s 24-hour trading volume exceeding $1 billion and the asset ranked #10 by market capitalization at approximately $20.62 billion. The market is closely watching the $0.58–$0.60 range for potential continuation of upward momentum or a possible retracement if selling pressure resumes.