Cardano Price Prediction: Hoskinson Says Midnight Will Be ADA’s Biggest Launch Yet – $10 ADA Could Be Just the Start
Main Idea
Cardano's founder, Charles Hoskinson, predicts that the Midnight launch will be ADA's biggest yet, potentially driving its price beyond $10, supported by market trends and new demand.
Key Points
1. Charles Hoskinson stated during a livestream that Midnight will be Cardano's biggest launch, potentially elevating ADA's value and utility.
2. The Glacier Drop phase allocates 12 billion NIGHT to 37 million wallets across 8 blockchains, aiming to boost adoption beyond the Cardano community.
3. ADA's price shows bullish momentum with a breakout from a two-month bull flag pattern, though RSI indicates potential short-term pullback risks.
4. Market sentiment is bullish, with expectations of U.S. interest rate cuts and potential 401(k) crypto adoption fueling demand for ADA.
5. Low-cap meme coins like TROLL and Token6900 are gaining traction, highlighting a shift in investor focus towards high-risk, high-reward assets.
Description
Midnight is shaping up to be the largest token built on Cardano, a testament that fresh demand for the blockchain could unlock new highs for the Cardano price outlook . The altcoin has gained 11% since the Glacier airdrop claim portal opened on August 5, kicking off a 60-day window for eligible addresses to redeem NIGHT. Most of these gains came today, however, following news that Trump signed an executive order granting crypto assets access to the $9 trillion 401(k) investment market . Macro se...
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