ADA Token Jumps 3.12% as Binance Soft Staking and Midnight Glacier Airdrop Ignite Trading Surge

Cardano (ADAUSDT) has experienced a 3.12% price increase over the past 24 hours, rising from 0.7178 to 0.7402 USDT on Binance. This upward movement is attributed to several factors, including the launch of Soft Staking for ADA on Binance, which allows users to earn daily rewards without locking assets, and anticipation surrounding the upcoming Midnight Glacier airdrop for NIGHT tokens, which is expected to engage over 37 million ADA wallets. Additionally, recent short liquidations and increased trading activity have contributed to bullish momentum, as reflected by a notable surge in trading volume and positive technical indicators.

Currently, ADAUSDT is trading at 0.7402 with a 24-hour trading volume between $1.03 billion and $2.83 billion, and a market capitalization of approximately $26 billion. The price has fluctuated between $0.68 and $0.77 in the last 24 hours, indicating active trading and continued interest in the asset.