ADA Surges 7% as DeFi Growth, Whale Activity, and Social Buzz Drive Cardano Past Key Levels

Cardano (ADAUSDT) has experienced a notable price increase of 7.02% over the past 24 hours, with the current price at $0.7779 on Binance. This upward movement is primarily attributed to several positive developments: a reported 7.76% weekly rise in Cardano’s Total Value Locked in DeFi protocols, strong financials highlighted by the Cardano Foundation, and heightened market optimism following Bitcoin’s new all-time high. Additional contributing factors include a surge in open interest for ADA futures to $1.26 billion, increased whale accumulation, and significant social media engagement exceeding 4 million interactions in the last 24 hours. Despite a slight decrease in trading volume, these factors have supported ADA’s bullish momentum, pushing it above key resistance levels. Cardano currently holds a market capitalization of approximately $27.6 billion, with a 24-hour trading volume ranging from $1.08 billion to $1.48 billion and a circulating supply of about 36.15 billion ADA.