ADA Surges 4.75% as ETF Optimism and Institutional Demand Drive Cardano to $31.5B Market Cap

Cardano (ADAUSDT) has experienced a notable price increase of 4.75% over the past 24 hours, with the current price on Binance at $0.8718. This upward movement is primarily attributed to growing optimism around potential Cardano-linked Exchange Traded Funds (ETFs) and increased institutional interest, particularly from entities such as Grayscale. The surge in trading volume and positive sentiment across the market have further supported this rally, with ADA's trading volume rising significantly and its market capitalization reaching approximately $31.5 billion. ADA remains one of the top-performing cryptocurrencies, with strong demand and bullish technical indicators as it continues to attract attention from both retail and institutional investors.