Cardano’s Charles Hoskinson Calls Midnight ‘Next-Gen Crypto,’ Investor Asks: Sell ADA?
The post Cardano’s Charles Hoskinson Calls Midnight ‘Next-Gen Crypto,’ Investor Asks: Sell ADA? appeared first on Coinpedia Fintech News
Charles Hoskinson has sparked fresh buzz around Midnight after calling it a “next-generation cryptocurrency,” as the project continues to gain traction.
The attention comes after Midnight secured a major deal with UK-based digital bank Monument to tokenize £250 million in customer deposits. The move marks a milestone, as it’s the first time a UK-regulated bank will tokenize deposits on a public blockchain while keeping them protected and interest-bearing.
Hoskinson Explains the “Next-Gen” Angle
Hoskinson pointed out Midnight’s unique tokenomics, noting that protocol revenue can be used to buy and recycle its NIGHT token into the treasury. This, he says, creates a sustainable model while keeping supply deflationary.
He also pointed to its “capacity exchange” mechanism, calling it a key innovation that sets Midnight apart. “Midnight is leading the way… the tip of the spear,” he said, focusing on its role in bringing real-world assets onto blockchain rails.
Where Does Cardano Fit In?
On the other hand, Midnight has raised concerns about Cardano’s role. However, Hoskinson clarified that Cardano remains deeply integrated into the infrastructure.
According to him, most commercial deals involving Midnight will still include a Cardano component, meaning both networks are expected to benefit together rather than compete. Midnight also relies on Cardano for security, reinforcing that connection.
- Also Read :
- Midnight Deal With Monument Could Drive Massive TVL Growth, Says Hoskinson
- ,
Investors Doubt ADA’s Future
Though it is seen as a positive move, this sudden shift has triggered doubts among some investors. Questions like “Should I sell ADA and move to NIGHT?” have started circulating online.
This comes at a time when ADA is still far below its previous highs, and Cardano’s DeFi remains smaller compared to rivals. However, not all sentiment is negative, as some community members see Midnight as exactly the kind of push the ecosystem needs.
Whale Activity Tells a Mixed Story
On-chain data shows a split among large holders. Some mid-sized whales have reduced their positions, while larger wallets have accumulated roughly 270 million ADA in recent days.
This shows that while some investors are uncertain, others are buying the dip, potentially providing support if accumulation continues.
On the flip side, Midnight’s early success, especially with institutional partnerships, could act as a catalyst for Cardano rather than a replacement. If adoption grows, it may bring more activity, liquidity, and real-world use cases into the broader ecosystem.
For now, Midnight is driving the narrative, but ADA’s role remains tied to how well this expansion plays out.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Subscribe to News
FAQs
Midnight is a privacy-focused blockchain using new tokenomics and capacity exchange, enabling real-world asset tokenization with sustainable, deflationary supply.
Investment decisions depend on your strategy. While some investors are shifting focus, on-chain data shows large wallets accumulating ADA, and analysts suggest Midnight’s growth could boost the broader Cardano ecosystem rather than diminish it.
Midnight secured a deal with UK-based Monument bank to tokenize £250 million in deposits. This is the first instance of a UK-regulated bank putting interest-bearing deposits on a public blockchain while keeping them protected.
You May Also Like
XRP funding rate spikes 160% in a day; Here’s what it means
Researcher to XRP Holders: There Are Links Between Ripple and the Federal Reserve
