Midnight
$0.0779
Score STRICT
Potentiel max
5.4x
Rendement potentiel
Probabilité
65%
Chance de succès
Niveau de risque
4/10
Risque moyen
Capitalisation
$1.29B
Volume
$68.21M
Détail du score STRICT
Notre système de notation propriétaire évalue les projets selon 6 dimensions clés.
Aperçu de l'analyse
Aperçu de l'analyse
Midnight (NIGHT) is a privacy-focused Layer-1 blockchain built on Cardano using zero-knowledge proof technology, launched December 9, 2025. Currently trading at $0.065 with a $1.08B market cap (rank #204), NIGHT has a circulating supply of 16.6B tokens from a 24B max supply. The token surged 188% to an ATH of $1.81 on launch day before correcting. With $983M in 24-hour trading volume and listings on Binance, OKX, and Kraken, NIGHT represents the strongest debut in Cardano history. The network uses a dual-token system (NIGHT for governance, DUST for transactions) enabling data privacy while maintaining regulatory compliance.
Thèse d'investissement
Midnight addresses a critical gap in blockchain technology: enterprise-grade privacy without compromising regulatory compliance. Unlike legacy privacy coins focused on anonymous payments, Midnight uses ZK-SNARKs and a dual-state architecture to protect sensitive data while allowing controlled disclosure. The Google Cloud partnership provides institutional-grade infrastructure rarely seen in crypto. Charles Hoskinson projects a $10B ecosystem valuation, currently at $1B. The cross-chain allocation across 8 major ecosystems (Bitcoin, Ethereum, Solana, BNB Chain, Cardano) creates network effects beyond Cardano alone. With federated mainnet launching Q1 2026 and over 100 partnerships already secured, NIGHT has first-mover advantage in compliant privacy infrastructure. The Glacier Drop airdrop to 8M+ addresses ensures broad distribution and community engagement.
Position concurrentielle
Midnight occupies a unique position in the privacy blockchain space by prioritizing regulatory compliance over complete anonymity. While Monero (XMR) and Zcash (ZEC) face delisting pressures due to full anonymity, Midnight's selective disclosure model targets enterprises requiring both privacy and auditability. Compared to Secret Network (SCRT, $135M market cap), Midnight's $1.08B valuation reflects stronger backing, superior technology (ZK-SNARKs vs Trusted Execution Environments), and the Google Cloud partnership. Versus Oasis Network (ROSE, $280M market cap), Midnight has 3.9x higher market cap with better liquidity and exchange support. The Cardano connection provides ecosystem synergies that independent privacy chains lack. However, Midnight faces execution risk as a 6-day-old project versus established competitors with years of operational history.
Conclusion
Midnight represents a high-risk, high-reward opportunity as the flagship privacy solution for the Cardano ecosystem with enterprise-grade positioning. The technology is innovative, backing is exceptional (Hoskinson, Google Cloud), and market timing aligns with growing demand for compliant privacy infrastructure. However, extreme volatility, regulatory uncertainty, and pre-mainnet status warrant cautious position sizing. The 96% correction from ATH provides a better entry than launch prices, but investors should accumulate gradually through Q1 2026 mainnet launch rather than taking full positions immediately.
Points forts
- Zero-knowledge proof technology with dual-state architecture enabling selective disclosure for regulatory compliance - unique positioning versus fully anonymous privacy coins
- Google Cloud partnership providing Validator Nodes, Confidential Computing infrastructure, and enterprise-grade threat monitoring
- Charles Hoskinson backing with track record (Ethereum co-founder, Cardano founder) and $10B ecosystem projection from current $1B valuation
- Cross-chain launch across 8 ecosystems with 16.6B circulating tokens distributed to broaden network effects beyond Cardano
- Major exchange support from day one (Binance, OKX, Kraken) with $983M daily volume - strongest Cardano ecosystem debut ever
Risques
- Extreme volatility with 188% surge to $1.81 followed by 96% correction to $0.065 within 6 days of launch - immature price discovery
- Network still in federated mode with full decentralized mainnet not launching until Q1 2026 - operational risk remains
- Privacy coins face intense regulatory scrutiny globally, particularly post-Tornado Cash sanctions - compliance model untested in practice
- High token dilution risk with only 16.6B of 24B tokens circulating - Glacier Drop releasing 25% quarterly over 360 days could pressure prices
- Dual-token complexity (NIGHT/DUST) may confuse users and limit adoption versus simpler single-token models
Catalyseurs à venir
Federated mainnet launch with full decentralization
Échéance: Q1 2026
Glacier Drop airdrop first tranche distribution
Échéance: Q1 2025
Enterprise DApp launches on privacy infrastructure
Échéance: H1 2025
Additional tier-1 exchange listings
Échéance: Q4 2025-Q1 2026
Objectifs de prix
If privacy coin regulatory crackdown intensifies or mainnet launch delays occur, NIGHT could retest launch lows around $0.023 and settle at $0.03 as speculative interest fades and token unlocks create selling pressure.
Successful Q1 2026 mainnet launch with 2-3 enterprise DApp deployments and continued Cardano ecosystem growth supports 2.3x from current levels, reaching $150M-200M daily volume and maintaining top-200 ranking.
Charles Hoskinson\
Score STRICT
Score: 78/100 | Potentiel: 5.4x
Cryptos du même secteur - Confidentialité
Voir tout
Avertissement: Cette analyse est fournie à titre informatif uniquement et ne doit pas être considérée comme un conseil financier. Faites toujours vos propres recherches avant de prendre des décisions d'investissement. Les investissements en cryptomonnaies sont volatils et comportent des risques significatifs.