ADA Surges 3.66% as Grayscale Boosts Allocation and Binance Staking Fuels $1B Trading Volume

Cardano (ADAUSDT) has experienced a 3.66% price increase over the past 24 hours, with the current price on Binance at 0.6257 USDT. This upward movement is attributed to heightened market interest following Grayscale's increased ADA allocation in its Smart Contract Platform Fund and positive sentiment around soft staking rewards on Binance, which have encouraged both institutional and retail participation. Additionally, recent technical analysis and AI-driven forecasts projecting significant future gains have contributed to bullish momentum, as traders reacted to ADA breaking key resistance levels and achieving new short-term highs.

Trading volume remains robust, exceeding $1 billion in the last 24 hours, and Cardano’s market capitalization is approximately $22 billion, ranking it among the top cryptocurrencies. The circulating supply is around 35 to 36 billion ADA, and the asset continues to attract attention due to both its technical developments and increased institutional exposure.