ADA Token Rises 3.44% as Top Wallets Accumulate and Binance Soft Staking Boosts Demand

Cardano (ADAUSDT) has seen a 3.44% price increase over the last 24 hours, rising from 0.7241 to 0.7490 on Binance. This upward momentum is attributed to increased market optimism following news of top wallets accumulating ADA, bullish analyst projections suggesting a potential breakout toward $1, and the broader positive sentiment from Cardano’s recent 44% surge in July. Additional factors include the launch of Binance Soft Staking for ADA, enabling users to earn daily rewards without locking their assets, which has likely contributed to heightened trading activity and interest. Current trading volume stands at approximately $1.36 billion, with the price fluctuating between $0.71 and $0.75, reflecting active trading and strong investor engagement.