Cardano
Why Cardano is up 5.6% today
Analysis
Cardano (ADA) rose 5.6% over the past 24 hours as traders reacted to renewed attention around the upcoming Midnight protocol initiative and related ecosystem updates. CoinDesk reported founder Charles Hoskinson’s comments clarifying Midnight’s positioning (not targeting Monero/Zcash users), while AMBCrypto highlighted details circulating on the Midnight launch timeline and a LayerZero-related deal—together boosting near-term sentiment around Cardano’s roadmap.
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.