Just days after the Midnight (NIGHT) airdrop, Cardano’s DEX volumes have surged to their highest levels since December 2024. This renewed on-chain activity is now sparking fresh interest in a bullish Midnight price prediction.
Charles Hoskinson, Cardano’s founder, called the NIGHT airdrop the most successful launch in the network’s history in a major endorsement that could drive more eyes toward this new token.
Top centralized exchanges (CEXs) quickly incorporated the token into their platforms, which contributed to a rapid increase in liquidity, trading volumes, and interest by the community.
Bybit currently accounts for 67% of NIGHT’s spot volume, followed by Binance’s Alpha program with a 19.6% share.
Midnight Price Analysis: DEX Volumes Explode and Could Soon Reach $100M
Although the airdrop has occurred at a point when the market is struggling to recover, Hoskinson emphasized that DEX volumes have spiked to levels not seen in months.
Data from DeFi Llama confirms this, as decentralized platforms processed nearly $68 million last week, while $16 million worth of tokens have exchanged hands since the start of this week.
Looking at the hourly chart, a symmetrical triangle has formed as a result of NIGHT’s latest price action.
High volumes across Cardano DEXs indicate strong interest in the token and favor a bullish outlook for NIGHT.
A break above the triangle’s upper bound would confirm that the token is once again moving toward $0.086.
Meanwhile, if positive momentum is strong enough, NIGHT could surge to $0.11 again, meaning a total upside potential of 96% in the near term.
Projects like Midnight show the strong upside potential that early-stage cryptos have to offer. Pepenode ($PEPENODE) could be the next crypto to explode as the project has raised millions from early backers.
Pepenode ($PEPENODE) Takes the Hassle Out of Mining and Makes It Accessible to Anyone
Mining cryptocurrencies is commonly considered expensive, complex, and challenging for beginners.
Pepenode ($PEPENODE) changes this paradigm by introducing virtual servers and gamifying the whole process.
Players simply have to buy $PEPENODE to fire up their first mining rigs and start earning meme coins.
As they climb the game’s leaderboard, they become eligible to win airdrops of top tokens like Fartcoin (FARTCOIN) and Bonk (BONK).
You can upgrade your setup to boost your rig and mine more. Up to 70% of the $PEPENODE invested in upgrades is immediately burned to reduce the token’s circulating supply.
Despite the latest market downturn, the project has managed to raise over $2.3 million, reflecting investors’ growing appetite for the token.
To buy $PEPENODE and start mining, simply head to the official Pepenode website and link up a compatible wallet like Best Wallet.
You can either swap USDT or ETH for this token or use a bank card to complete your purchase.
Visit the Official Pepenode Website Here
The post Midnight Price Prediction: Hoskinson Says It’s Cardano’s Best Launch Ever – But What Comes Next for NIGHT? appeared first on Cryptonews.
