ADA Surges 2% as Binance Pay Integration, $71M Grant, and ETF Filings Boost Momentum

Cardano (ADAUSDT) has seen a 2.04% price increase over the past 24 hours, currently trading at 0.8985 on Binance. The recent bullish momentum is attributed to several positive developments, including Binance Pay's integration of ADA for merchant payments, Cardano's community approval of a $71 million treasury grant for ecosystem upgrades, and significant ETF-related filings by Grayscale Investments and NYSE Arca. Technical factors such as a double bottom formation at $0.49 and strong support from the 50-day moving average have further reinforced market optimism. Increased trading volume, now at $6.1 billion, and a market capitalization of $32.87 billion reflect heightened investor interest and activity, with ADA reaching a 24-hour high of $1.0193 and a low of $0.8665.