Cardano
Why Cardano is up 1.3% in the last hour
Analysis
Cardano (ADA) rose about 1.3% over the past hour as traders reacted to fresh attention on Cardano’s upcoming “Midnight” protocol initiative. CoinDesk reported Charles Hoskinson’s comments clarifying Midnight’s positioning—saying it won’t target Monero or ZCash users—which can reduce uncertainty around the upgrade narrative.
Contributing Factors (2)
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.
Cardano – All about Midnight launch date, LayerZero deal, and more…
Will recent updates help sway token prices in the long-term?
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.