Cardano
Why Cardano is up 1.2% in the last hour
Analysis
Cardano (ADA) rose about 1.2% over the past hour after CoinDesk reported comments from founder Charles Hoskinson about the upcoming “Midnight” protocol upgrade, emphasizing it won’t try to poach privacy-coin users from Monero or ZCash. The clarification appeared to reduce uncertainty around Midnight’s positioning and regulatory optics, supporting a modest bid in ADA.
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.