ADA Surges 11.8% as Binance Soft Staking, Chang Hard Fork, and DeFi Growth Drive Momentum

Cardano (ADAUSDT) has experienced a significant price increase of 11.80% over the past 24 hours, with the current price at 0.8633 USDT on Binance. This surge is attributed to several key factors: Binance's launch of Soft Staking for ADA, which has increased user engagement and demand; ongoing progress on the Cardano Chang Hard Fork, introducing on-chain governance and decentralized decision-making; and continued development of Cardano DeFi platforms and Layer-2 solutions like Hydra. Additionally, a broader rally in the cryptocurrency market and rising open interest among derivative traders have contributed to bullish sentiment and increased trading activity.

In the last 24 hours, ADA's trading volume has surged, with figures ranging from $2.46 billion to $3.35 billion, and the price has moved from a 24-hour low of 0.7722 to a high of 0.8633. Cardano's market capitalization is estimated between $30.15 billion and $31.35 billion, with a circulating supply of approximately 35.4 to 36 billion ADA. The asset has posted weekly gains of over 28%, and traders are closely watching the $1.00 level as a potential next target.