ADA Token Surges 4.67% as Soft Staking Launch and Whale Activity Drive Bullish Momentum

Cardano (ADAUSDT) has experienced a 4.67% price increase in the past 24 hours, rising from 0.7201 to 0.7537. This upward movement is attributed to several factors, including increased market activity following Binance’s launch of Soft Staking for ADA, which allows users to earn daily rewards without a lock-up period, and positive sentiment from recent technical analyses highlighting bullish momentum and a potential trend reversal. Additional support comes from broader crypto market gains reported earlier in the day, as well as notable on-chain activity such as large ADA whale movements and increased spending by the Cardano Foundation.

Currently, ADAUSDT is trading at 0.7537 with a 24-hour trading volume surge of over 45%, reflecting heightened interest and positioning Cardano among the top 10 cryptocurrencies by market capitalization. The asset has traded between 0.70 and 0.77 in the last 24 hours, with market sentiment leaning bullish amid ongoing volatility.