ADA Surges 21% in a Week as Cardano Hits Golden Cross, Whale Accumulation, and New Staking Options

Cardano (ADAUSDT) has experienced a 3.46% price increase over the past 24 hours, trading at 0.7204 on Binance. This upward movement is primarily attributed to several bullish factors: the achievement of Cardano's first-ever weekly "golden cross" on July 9, increased accumulation by large investors (whales) who have added 120 million ADA since June 25, and the launch of the enterprise-focused "Reeve" tool by the Cardano Foundation. Additionally, Binance's introduction of Soft Staking for ADA, allowing users to earn rewards without locking funds, has contributed to heightened investor interest and activity.

Currently, ADA's 24-hour trading volume ranges from $1.7 billion to $2.75 billion, with a market capitalization estimated between $24.34 billion and $25.91 billion. The price has shown strong momentum, rising over 21% in the last week, supported by both technical and fundamental developments.