ADA Surges 4.77% as Cardano Network Activity, $3M Transaction, and ETF Buzz Drive Momentum

Cardano (ADAUSDT) has experienced a 4.77% price increase over the past 24 hours, rising from a 24h open of 0.8256 to a current price of 0.8650 on Binance. This upward movement is attributed to several factors, including heightened bullish sentiment driven by significant network activity, such as a high-profile transaction with a fee exceeding $3 million, and increased open interest, which surged by 14%. Additional momentum comes from ongoing speculation about a potential Cardano ETF, institutional-grade upgrades, and positive developments in cryptocurrency regulation, such as the passage of a stablecoin bill in the U.S. House of Representatives. Cardano’s trading volume remains strong, with recent figures around $1.33–$1.36 billion, and its market capitalization stands at approximately $30.54 billion, reflecting robust trader interest and positioning ADA among the top 10 cryptocurrencies by market cap.