Key Insights:
- Midnight token NIGHT posts stronger gains and trading volume than ZEC in 24 hours.
- Community hype and Hoskinson remarks boost Midnight visibility.
- Midnight strengthens Cardano’s push into privacy-focused blockchain use.
Cardano Midnight token (NIGHT) rose nearly 7% in 24 hours as privacy coins returned to focus.
Trading volume climbed above $9.34 billion, far ahead of activity recorded on Zcash.
Comments from Cardano founder Charles Hoskinson and strong community chatter helped drive attention toward Midnight during this period.
Cardano Midnight Token Price Moves Faster Than Zcash
Cardano Midnight (NIGHT) posted a 6.97% gain within one day. The token traded at $0.09862 at the time of reporting.
Market data placed NIGHT at rank 46 by market value. Its market cap stood at $1.63 billion, up 7.05% over 24 hours.
Trading volume reached $9.34 billion, showing an 88.03% increase. The volume to market cap ratio climbed to 565.87%.
NIGHT has a total supply of 24 billion tokens, which also serves as its maximum supply.
Circulating supply stands at 16.6 billion NIGHT. Holder data shows about 6,320 addresses are now holding the token.
As part of its positive metrics, the fully diluted valuation comes listed at $2.36 billion.
Zcash (ZEC) also recorded gains but at a slower pace. ZEC rose 1% during the same 24-hour period.
The asset traded at $444.78, ranking 16th by market cap, valued at $7.31 billion, up 1.01%. Trading volume reached $595.05 million, reflecting a 34.23% increase.
It is worth noting that the contrast between both assets drew attention from privacy focused traders.
For context, Midnight token (NIGHT) showed faster price movement and heavier trading activity. ZEC remained stable but less active by comparison.
These figures raises questions about whether some buyers are shifting interest toward newer privacy networks.
Short term data does not confirm a lasting change, but it highlights where current market attention sits.
Midnight Hype Brings New Pressure on the Ecosystem
It is important to add that rising interest in Cardano Midnight token sparked discussion across social platforms.
A post from the account dori_coin noted that NIGHT was rising quickly and called for stronger promotion.
The post suggested using the moment to attract builders and expand the ecosystem.
Another post highlighted Midnight reaching $5 billion in trading volume during peak periods.
Basically, these messages reflect growing expectations from the community. As visibility grows, users begin to expect tools, applications, and real use cases.
However, market excitement alone cannot support long term growth without development.
It is worth noting that Charles Hoskinson added to the discussion through public remarks.
He spoke about Midnight token while responding to concerns around digital privacy in Europe.
Hoskinson warned that moves toward mandatory digital identification could weaken personal privacy. He suggested Midnight could help limit centralized control.
Hoskinson described Midnight as a network built to protect privacy while supporting open source development.
He also stressed the role of community driven awareness in spreading adoption.
His comments helped place Midnight within a broader policy and privacy coins debate rather than price action alone.
What the Midnight Network Means for Cardano?
Midnight is a privacy focused sidechain developed by Input Output Global. It operates alongside the Cardano blockchain instead of replacing it.
The design allows private data handling without changing Cardano’s main structure.
Additionally, this setup lets Cardano expand into privacy focused use cases.
Developers can build applications that require confidentiality while remaining within the Cardano ecosystem.
Midnight also aims to balance privacy needs with regulatory expectations. Hoskinson framed Midnight as a response to growing privacy challenges.
He positioned it as a defensive layer rather than a competing system. This approach allows Cardano to grow its reach without risking its core principles.
With current narrative, Cardano’s Midnight token gained short term momentum as Zcash held steady. The coming months will show whether interest turns into lasting adoption or not.
Future growth will depend on development progress, user activity, and market conditions.
Source: https://www.thecoinrepublic.com/2025/12/22/cardano-midnight-token-beats-zcash-as-privacy-coins-see-fresh-price-reset/
