Cardano
Why Cardano is up 4.2% today
Analysis
Cardano (ADA) rose 4.2% over the past 24 hours as investors reacted to fresh messaging around its upcoming “Midnight” protocol upgrade. CoinDesk reported that founder Charles Hoskinson said Midnight won’t try to “chase” privacy-coin users from Monero or Zcash, framing the upgrade’s positioning and potentially reducing perceived regulatory or reputational overhang tied to competing directly with privacy coins.
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.