Cardano
Why Cardano is down 1.3% in the last hour
Analysis
Cardano (ADA) slipped 1.3% over the past hour as traders digested mixed messaging around the upcoming “Midnight” protocol initiative. CoinDesk reported founder Charles Hoskinson saying Midnight won’t target Monero or ZCash users, which may have tempered expectations for rapid privacy-driven adoption, while AMBCrypto highlighted ongoing developments like the Midnight launch timeline and a LayerZero-related deal that still leave near-term details in flux.
Contributing Factors (2)
Cardano – All about Midnight launch date, LayerZero deal, and more…
Will recent updates help sway token prices in the long-term?
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
Moderate confidence. Multiple factors may be contributing.