Cardano (ADA) Price Prediction: Midnight Network Mining Sparks Momentum Toward $0.75

Midnight Network Ignites a New Cardano Surge

The Cardano ecosystem has recently experienced a significant breakthrough. The official launch of NIGHT token mining, spearheaded by the Midnight Foundation, quickly boosted community excitement. CTO Sebastien Guillemot announced the initiative, emphasizing that this token distribution is fair, open, and community-driven. Anyone can participate in mining using only a web browser and an internet connection.

The Scavenger Mine initiative went live on October 29, marking the second phase of NIGHT token distribution. Open to all, it requires no technical expertise or prior Cardano experience; community members simply need a Cardano address to begin mining via their browser. This low-entry barrier attracted many users. Many earn a small amount of NIGHT daily, while top contributors achieve substantial rewards. Guillemot anticipates a new influx of NIGHT holders, positioning it as Cardano’s next ecosystem highlight.

Midnight: Pioneering Privacy and Zero-Knowledge Proofs Integration

Midnight Network is a privacy-centric sidechain built on Cardano, leveraging Zero-Knowledge Proofs (ZKPs) to enable verifiable transactions without disclosing sensitive information. This technology not only introduces innovative possibilities for decentralized finance (DeFi), but also extends to identity verification and data protection applications.

Cardano founder Charles Hoskinson recently discussed potential integration with the Brave browser. If Midnight’s Zero-Knowledge Proofs platform supports Brave Ads and Brave VPN, Brave could further monetize through Basic Attention Token (BAT) while using the ZK privacy layer to safeguard user data.

Cardano: Synchronized Technical Upgrades and Institutional Expansion

The Cardano mainnet has also undergone a major upgrade known as Leios. This update decouples block production and validation, aiming to boost transaction throughput to 10,000 transactions per second (TPS)—a transformative leap for Cardano’s scalability and decentralized application development.

In addition, Everstake and Colossus Digital have teamed up to launch a custodial staking service, offering institutional users enhanced security for staking ADA and other Proof-of-Stake (PoS) assets, further reinforcing Cardano’s foundational layer of financial trust.

ADA Price Analysis

ADA is testing the $0.59 support level. If it falls below this range, the next downside target is $0.50. Conversely, a breakout above the $0.68 resistance could set the stage for a challenge of $0.75. Investor sentiment is warming alongside the development of Midnight Network. Should Cardano continue advancing privacy and performance enhancements, ADA could reclaim market attention in Q4.

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Summary

The launch of Midnight Network has thrust Cardano back into the spotlight, broadening its privacy application landscape and drawing greater participation from both retail and institutional players. As technical upgrades and ecosystem partnerships progress, ADA’s price may stabilize at support before moving toward the $0.75 mark.