Cardano
Why Cardano is up 1.6% today
Analysis
Cardano (ADA) rose 1.6% over the past 24 hours as investors reacted to comments from founder Charles Hoskinson about the upcoming Midnight protocol, framing it as a privacy-focused initiative that won’t directly target Monero or ZCash users. The clearer positioning and reduced regulatory-overhang narrative around Midnight likely supported sentiment and modest buying interest.
Contributing Factors (1)
Cardano founder Charles Hoskinson says Midnight won't chase Monero, ZCash users
Midnight will target "billions who don't know they need privacy" rather than privacy maxis as mainnet launch nears in March, he said.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.