ADA Surges 6.86% as Emurgo Card Launch and ETF Speculation Drive $2.46B Trading Volume

Cardano (ADA) has experienced a 6.86% price increase over the past 24 hours, with the ADAUSDT pair currently trading at $0.8532 on Binance. This upward movement is primarily attributed to a surge in network activity following the Emurgo Card launch, a notable increase in active addresses, and heightened market optimism driven by speculation around a potential ADA ETF approval. The recent breakout above a key descending trendline and a significant rise in open interest have further contributed to bullish sentiment.

In the last 24 hours, ADA has seen strong trading activity, with volumes exceeding $2.46 billion and a market capitalization around $30.36–$31.37 billion. The asset remains in a positive trend, consolidating above key support levels and attracting increased attention within the broader cryptocurrency market.