Midnight Network is positioned as a major privacy-focused project.
Cardano founder Charles Hoskinson said that strong blockchain communities cannot be copied.
He said this as he defended Cardano and XRP while sharing updates on Midnight Network and current market trends for ADA and NIGHT.
His comments addressed scale, privacy technology, and how prices might behave in the near term.
Charles Hoskinson said Cardano and XRP communities reflect years of consistent work and shared goals.
He made the statement on X during a public exchange on the blockchain’s scale. The discussion focused on whether newer systems could match established networks.
Hoskinson argued that scale comes from full systems, not partial tools. He said many projects underestimate what it takes to support large markets.
He pointed to the real world asset sector, often estimated near $10 trillion, as an example of that challenge. According to him, Cardano and XRP already operate with long term planning in mind.
Hoskinson said their growth depends on users, developers, and governance working together. He added that this structure cannot be created overnight.
The comments came as traditional finance firms test blockchain products. Hoskinson suggested that many of those efforts miss key Web3 principles.
He stressed that technology alone does not create trust. He said trust grows through steady delivery and open participation.
By noting community strength, Hoskinson reinforced a central message. He implied that adoption follows credibility.
His remarks did not include timelines or product launches. They focused on values, coordination, and experience.
In a separate post, Hoskinson also shared updates on Midnight Network during the same period.
He described it as a major effort around privacy enhancing technology. Hoskinson compared its scope to large historical research projects.
He said he is currently writing between 80 and 100 pages of technical material each day.
The work supports internal workshops planned for January. These sessions are meant to align teams before wider rollout steps.
Basically, Cardano Midnight focuses on privacy, chain abstraction, and smart compliance.
Hoskinson said these areas will shape how blockchains interact with regulation.
He suggested that privacy tools must work within legal frameworks, not outside them.
He also confirmed work on a book titled “The Land of PET.” The book is written for a general audience.
It aims to explain privacy technology without heavy technical language. No release date was shared.
The Cardano Founder framed Midnight as a long-term project. He did not describe it as a short-term market driver. His comments focused on preparation, education, and structure.
Market data showed modest gains for both ADA and NIGHT. ADA traded at $0.3555, up 1.44% over 24 hours.
Its market cap stood at $12.77 billion. Trading volume reached $668.29 million.
On the daily chart, ADA has formed a falling wedge pattern. Analysts often view this pattern as a potential reversal signal.
RSI readings showed bullish divergence. Traders are watching the 20-day simple moving average near $0.39.
A move above that level could signal a breakout. Some projections place a possible target near $0.51. A move lower could see Cardano ADA test support around $0.30.
NIGHT traded at $0.07649, up 1.69% in 24 hours. Its market cap reached $1.27 billion. Trading volume stood at $213.44 million.
NIGHT recently peaked near the $0.11 to $0.12 range. Price later reversed into a correction phase.
Market charts show that support lies between $0.065 and $0.068. A short bounce toward $0.0715 could occur if buyers hold that zone.
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