Cardano’s Trading Volume Skyrockets with Binance at the Helm with $1.3 Billion
2025-07-20 21:47:57
Main Idea
Cardano's trading volume surges with Binance leading at $1.3 billion as ADA approaches the $1 mark, amid a bullish crypto market and strong DeFi growth indicators.
Key Points
1. Cardano (ADA) is nearing the psychological price of $1, with Binance recording a trading volume of $1.3 billion.
2. Bitcoin recently hit a new all-time high above $122,000, contributing to the broader crypto market's bullish phase.
3. Cardano hosts over 10.8 million native tokens and 217,000 smart contracts, indicating strong DeFi growth.
4. Market analyst MadWahle notes ADA is positioned for a 16% rally toward $1, supported by daily levels at the 0.38 Fibonacci level.
Description
With Cardano being a stone’s throw away from $1, the 9th-largest cryptocurrency by market cap is witnessing an explosion in trading volume.
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