Charles Hoskinson, the founder of Cardano, has once again lit the path that will lead to a major stepping block in the world of cryptocurrency with his announcement- the much-awaited Midnight airdrop, otherwise known as the "Glacier Drop,"- to happen during the Paris Blockchain Week 2025. With 37 million users across eight leading blockchain ecosystems waiting in line to receive the airdrop, investors have only one thing in mind: What will the NIGHT token’s price be at launch?
Midnight is the newest innovation being pursued by Cardano to create a privacy-oriented sidechain that can improve the way decentralized applications (dApps) with privacy and compliance behave today. Built right onto the Cardano blockchain, Midnight will offer two native tokens: NIGHT, which is the governance token, and DUST, used for private smart contract executions and anonymous transactions.
Hoskinson stated that now the blockchain domain has reached the "Fourth Generation," one governed by privacy to be foundational just being able to have it as a feature. Midnight is Cardano's answer to that deep cry.
- Glacier Drop: The largest airdrop conducted in Cardano's history, aiming to cover 100 million users worldwide.
- Eligibility: BTC, ETH, ADA, XRP, SOL, BNB, AVAX, and MATIC may be eligible holders.
- Token Utility:
- NIGHT: for governance and protocol upgrades.
- DUST: Used for private smart contracts and private DeFi transactions.
- Interoperability Focus: Developed for cross-chain use, with $20 million to invest in the set integrations.
While official tokenomics, total supply, and listing dates remain undisclosed, some educated guesses can be offered regarding this launch on account of parallel larger-scale launches and market sentiment:
1. Initial Valuation Factors
- Mass Adoption: With possible distribution spanning eight large blockchain ecosystems, Midnight may experience one of the broadest initial adoption bases in DeFi history.
- Cardano Ecosystem Value: As a flagship Cardano-supported asset, NIGHT will have the potential to enter the market with robust developer support and community backing.
- Increased Demand: Privacy Narrative Even as the cost of privacy-oriented tokens (like Monero and Zcash) may fetch prices during the booming days of privacy-focused solutions now being considered on the blockchain.
2. Expected Launch Window
Having taken into consideration an earlier exhilarating precedent in the airdrops from Arbitrum and Optimism and factoring the moderate supply mitigation, the bearish scenario now reads: NIGHT to trade between $0.20-$0.40, extremely volatile, with slow correction on the broader market.
- Neutral Scenario: The token launches at $0.75-$1.00 on the ground of community backing and exchange listings.
- Bullish Scenario: The token goes above $1.50 in its very first week of trading on grounds like hype, staking rewards, and scarcity mechanisms.
- Made for Real Utility: Most governance tokens lack that, and NIGHT actually has inbuilt utility in identity protection, compliance, and private smart contracts.
- Cross-Chain Compatibility: Midnight is built from the ground up to be compatible across networks such as Ethereum, Solana, BNB Chain, and even Bitcoin.
- Robust Leadership: With Charles Hoskinson leading the team, investor faith remains intact, with Cardano having a robust security and research record.
Also read: Fartcoin Price Prediction: Will This Solana Memecoin Hit $1 Soon?Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.