ADA Token Rises 2.9% as Cardano Unveils New Treasury Model and Attracts Institutional Interest

ADAUSDT has seen a 2.90% price increase over the past 24 hours, rising from 0.5787 to 0.5955 on Binance. This upward movement is attributed to renewed market interest following recent developments, including Charles Hoskinson's proposal for a new Cardano treasury model to support DeFi growth and the release of a tokenomics whitepaper for "New ADA." Technical indicators have shown signs of a short-term rebound after a recent downtrend, with buyers stepping in at lower price levels. Additionally, institutional engagement, such as Ford joining a Cardano-based project, has contributed to positive sentiment.

Currently, ADAUSDT trades at 0.5955 with a 24-hour trading volume ranging from $475 million to $604 million and a market capitalization near $21 billion, reflecting modest gains and sustained interest in the Cardano ecosystem.