Midnight (NIGHT) price surge with support from the creator of Cardano

Source: PortaldoBitcoin Original Title: Midnight (NIGHT) price surge with support from the creator of Cardano Original Link: The Midnight (NIGHT) token has been gaining attention in recent days after receiving support from Cardano creator Charles Hoskinson and achieving a valuation of around 100%, a rare milestone in the current sideways crypto market.

The token, previously somewhat unknown to the crypto community, surprised and skyrocketed in price, going from US$ 0.04 to US$ 0.08, according to CoinGecko data. The increase occurred between Tuesday and Wednesday (10), when it was listed on major trading platforms. However, on Thursday (11), the asset retreated 33% in the last 24 hours.

Hoskinson stated that the launch of the Midnight token marks the beginning of the “first fourth-generation cryptocurrency” and an ecosystem focused on restoring digital privacy.

According to him, the project took six years to develop, required deep technological changes, and was launched with fair distribution, without ICO or venture capital involvement.

The Cardano founder also expressed support for Midnight, believing it restores users’ right to privacy by offering hybrid, post-quantum, and blockchain-compatible applications. “It’s the tool to protect our rights and our agency,” he declared.

Midnight is a native utility token of the Midnight Network, based on zero-knowledge cryptography. The protocol also generates the DUST token with a network resource used to pay transaction fees.

The asset was launched on Wednesday (4) on the Cardano network. According to official information, the project promises three airdrops.