Cardano
Why Cardano is up 5.0% today
Analysis
Cardano (ADA) rose about 5% over the past 24 hours as traders reacted to fresh coverage around Cardano’s upcoming Midnight protocol upgrade. CoinDesk reported founder Charles Hoskinson’s comments clarifying Midnight’s positioning and target users, while AMBCrypto highlighted updates on the Midnight launch timeline and related ecosystem developments, which likely boosted 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.