Cardano
Why Cardano is up 1.8% today
Analysis
Cardano (ADA) rose 1.8% over the past 24 hours as attention centered on the ecosystem’s upcoming Midnight protocol, which has been positioned as a privacy-focused upgrade without directly targeting Monero or ZCash users, helping frame the rollout as more compliance-aware and potentially broader in appeal. Additional coverage highlighting details around Midnight’s launch timeline and a LayerZero-related deal likely reinforced near-term optimism around Cardano’s roadmap and interoperability 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.