ADA Token Surges 2.81% as $71M Treasury Upgrade and Midnight Airdrop Boost Network Activity

Cardano (ADAUSDT) experienced a 2.81% price increase over the last 24 hours, rising from 0.7866 to 0.8087 USDT on Binance. This upward movement is attributed to several factors: the Cardano community's approval of a $71 million treasury allocation for network upgrades, ongoing Midnight (NIGHT) token airdrop activity, and a notable rise in network engagement with 30,900 unique active addresses reported. Additionally, open interest for ADAUSDT increased by 12% to $1.43 billion, reflecting heightened trader participation. Positive sentiment from analysts and the community, along with technical patterns suggesting bullish momentum and recent price surges, have contributed to the current trend. Cardano's market capitalization stands at approximately $29.3 billion, with a 24-hour trading volume exceeding $1.2 billion and continued volatility observed between $0.7798 and $0.8205 USDT.