ADA Token Surges 5.39% as Cardano Breaks $0.70, DeFi TVL Hits $313M, and Trading Volume Soars

In the last 24 hours, ADAUSDT experienced a notable price increase of 5.39%, rising from 0.7084 to 0.7466 on Binance. This upward movement is primarily attributed to Cardano surpassing the $0.70 resistance level, which triggered strong bullish sentiment and increased investor interest. Additional factors supporting the rally include the recent launch of Binance Soft Staking for ADA, which allows users to earn daily rewards without lock-up, and a significant rise in Cardano’s Total Value Locked in DeFi protocols to $313.75 million. Increased trading activity, with ADA/USDT volume reaching $146.7 million on Binance and overall 24-hour trading volume surging by over 20%, further reflects heightened market participation. Cardano’s market capitalization currently stands at approximately $26.62 billion, with the asset maintaining its position among the top cryptocurrencies by market cap.