ADA Surges 6.31% as Cardano Treasury Proposal and Binance Soft Staking Spark Investor Optimism

Cardano (ADAUSDT) has experienced a notable price increase over the past 24 hours, rising 6.31% to $0.6252 on Binance, with the 24-hour open at $0.5881. This upward movement is likely driven by renewed investor interest following recent developments, including Cardano’s founder proposing a 140 million ADA treasury allocation to support DeFi ecosystem growth and ongoing optimism around network upgrades such as the Plomin Hard Fork, which established full decentralized governance. Additionally, Binance’s introduction of Soft Staking for ADA, allowing users to earn daily rewards without a lock-up period, may be contributing to increased demand and trading activity. Current market data shows ADA’s price fluctuating between $0.575 and $0.6012 over the last day, with trading volumes and market capitalization remaining robust, reflecting heightened activity and a potential shift in market sentiment after June’s decline.