Cardano’s Midnight Token NIGHT Debuts on Binance, ADA Surges 10%

Key Highlights:

Cardano's privacy-focused sidechain, Midnight, has secured a listing on Binance for its native token, NIGHT, featured on Binance Alpha with airdrop perks.
ADA prices have increased by nearly 10% in the past week, currently trading at $0.4325.
NIGHT aims to merge compliance with confidentiality, allowing private but regulation-friendly transactions.
Several exchanges, including Bybit, OKX, Bitpanda, MEXC, and Gate.io, confirmed NIGHT listings alongside Binance.

Technical Analysis

ADA is attempting a breakout from a multi-month descending channel, bouncing from a demand zone near $0.38–$0.40.
The MACD indicates potential bullish momentum; breaking above $0.48-$0.50 could lead to a rise towards $1.
If ADA fails to maintain above $0.45, it may dip back to the $0.38 region.

NIGHT represents Cardano's push into private contracts and confidential Web3 applications, potentially increasing ADA's utility.
A $100 ADA price would require a market cap over $3 trillion, achievable only with significant institutional adoption.

Bitcoin Ecosystem Update:

Bitcoin Hyper ($HYPER) raised over $29.22 million in presale, offering fast transactions and NFT support through Solana-powered Layer 2 solutions.
$HYPER promises staking rewards of 40% per annum but includes marketing elements unrelated to investment decisions.