ADA Surges 7.36% as ETF Optimism and Grayscale Inclusion Spark Strong Market Rally

Cardano (ADAUSDT) experienced a 7.36% price increase over the past 24 hours, rising from a 24h open of $0.5475 to a current price of $0.5878 on Binance. This positive price movement is primarily attributed to increased optimism surrounding the potential approval of an ETF that would include Cardano, as well as ADA's recent addition to the SEC-approved Grayscale Digital Large Cap Fund (GDLC) ETF conversion. These developments represent significant regulatory milestones and have contributed to renewed market interest. Additionally, Binance's ongoing Learn & Earn and Locked & Flexible Products campaigns have incentivized user engagement with ADA, further supporting demand.

In the last 24 hours, ADA traded within a range of $0.5366 to $0.6720, with trading volumes between $648 million and $998 million and a market capitalization of approximately $20–21 billion. Despite recent outflows and a decline in the percentage of holders in profit, the current bullish momentum and strong trading activity indicate heightened interest and potential for further upward movement if positive sentiment persists.