Cardano Jumps 11% as Midnight Launch and ETF Inclusion Fuel Breakout
Fresh catalysts from the Midnight privacy sidechain plus Bitwise ETF exposure drew buyers.
Overview
- ADA climbed to roughly $0.47–$0.48 over 24 hours, its highest level since November 19, as trading picked up.
- Reported daily volume jumped about 150% to roughly $1.58 billion, signaling stronger participation in the move.
- Midnight, a zero-knowledge privacy sidechain using Hydra scaling, officially launched this week, drawing public praise from Charles Hoskinson.
- NIGHT, Midnight’s token, began trading on OKX, Bybit, Kraken, and KuCoin, with reports of sharp price and volume spikes.
- ADA was cited as a beneficiary of a new Bitwise 10 Crypto Index ETF allocation of about 0.65%, with analysts flagging a chart breakout and near‑term levels around $0.50.