ADA (Cardano) has risen by 13.43% in the last 24 hours.

Gate News Bot news, on August 14, according to CoinMarketCap, as of the time of writing, ADA (Cardano) is currently priced at $0.95, with a 24-hour pump of 13.43%, reaching a high of $0.94 and a low of $0.73. The current market capitalization is approximately $33.753 billion, an increase of $3.995 billion from yesterday. The current market capitalization rank is 10th.

Cardano is the first blockchain platform developed based on peer-reviewed research, aimed at providing secure and reliable data protection for billions of people, with scalability to support global systems and robustness to drive fundamental change. Cardano uses proof-of-stake and the Ouroboros consensus protocol, making it one of the most environmentally sustainable blockchain protocols. The platform is dedicated to providing a more secure, transparent, and sustainable foundation for personal transactions and exchanges, system governance, and business development through scientific methods.

Important recent news about ADA:

1️⃣ Grayscale establishes Cardano Trust ETF Grayscale Cardano Trust ETF was officially registered in Delaware, USA on August 12, 2025, with registration number 10293424. The entity type is statutory trust, and this move indicates that institutional investors' interest in the Cardano ecosystem is increasing, which may attract more capital inflow from traditional financial markets.

2️⃣ Large-scale capital inflow into Cardano In the past 48 hours, large investors (commonly known as "whales") have purchased over 200 million ADA, demonstrating strong confidence from institutions and high-net-worth individuals in Cardano, which may be one of the important factors driving the rise in ADA prices.

3️⃣ NFT market activity rise In July, the total NFT trading volume reached 530 million USD, a month-on-month rise of 96%, with the average price increasing from 52 USD to 105 USD. As one of the public chains supporting smart contracts and NFTs, Cardano may benefit from the recovery of the NFT market, thereby enhancing the value and attractiveness of its ecosystem.

From a technical perspective, ADA has broken through the key resistance level of $0.90, showing strong rise momentum. On the fundamental side, the launch of institutional investment tools and significant capital inflows reflect the market's confidence in Cardano's long-term development. However, investors should still closely monitor the overall cryptocurrency market trends and the further development of the Cardano ecosystem.

This message does not constitute investment advice, and investors should be aware of market volatility risks.