Devs can now test real-world use cases as Cardano’s Midnight prepares for the Genesis block.
Cardano’s Midnight (NIGHT) holders are bracing themselves for Kūkolu upgrade, known as the “safe port” phase. Here, liquidity around the NIGHT token is firmly established, as seen in the 200% upswing in the first two weeks since the privacy altcoin’s launch. Now, Cardano’s bulls expect a second leg-up in the inaugural month of 2026.
Second Midnight Stage Boosts Utility
During the second phase, the Genesis block will be constructed, “engineered from the ground up for sophisticated private-by-default applications”, – said Midnight Explorer’s official X account. The new chain is centered around making transactions seamless & regulatory-compliant while keeping the sender & receiver’s identities concealed.
With the full Midnight mainnet launch, this Cardano’s newly-forged side-chain revolves around privacy-first decentralized applications (dApps), as well as real-world utility such as Real World Assets (RWAs). The Kūkolu upgrade is a moon phase that unites Cardano Midnight’s testnests into a one comprehensive mainnet with trusted validator nodes.
Cardano’s Price Bounce Picks Up Pace
The privacy coin Midnight (NIGHT) stood slightly below $0.09 on Friday evening, while Cardano (ADA) tacked on 8.9% gains for a rebound rally towards $0.40. Crossing over the Smoothed Moving Average (SMA), the altcoin is now well above all three Bollinger Bands (BOLL) with the Parabolic SAR flashing a ‘buy’ signal while still in oversold territory.
Cardano’s (ADA) bulls might be looking to reclaim the $0.4758 monthly peak next, if the rally proves sustainable. On Futures markets, market participants are slightly on the bearish side – the short versus long ratio points to 0.9948, according to CoinGlass. Despite the disbelief in Cardano’s price rally, short-sellers got wiped away with $2.72M out of $3.10M in liquidations.
Stay in the loop with DailyCoin’s trending crypto news:
PEPE Jumps High: Traders Pile In, Price Plays Surge 457%
DOGE, AI Coins Swing High As Elon Praises NVIDIA CEO
