Midnight Network’s NIGHT Token Rallies 200% as Crypto Privacy Narrative Heats Up
Midnight Network’s NIGHT token surged virtually 200% inside 24 hours of its December 9 launch, changing into the most-trending asset on CoinGecko and CoinMarketCap.
The token hit a market cap above $1.2 billion and registered greater than $320 million in buying and selling quantity throughout its first full day.
Mega Bullish Season For Privacy Coins?
Architecturally, Midnight is conceived as a “accomplice chain” or sidechain to Cardano. Its preliminary token and ledger are issued on Cardano (as a Cardano Native Asset).
The hyped market debut locations Midnight Network on the centre of a broader shift available in the market. Privacy coins have rallied since October.
Most lately, it has been fueled by regulatory stress in Europe, tightening surveillance guidelines, and a renewed urge for food for zero-knowledge know-how.
Zcash sparked the trend with a tenfold rise between October and mid-November. The surge coincided with the EU’s approval of guidelines that can bar exchanges from itemizing privateness cash beginning in 2027.
Traders rotated into Dash, Railgun, Decred, and Monero as the sector gained momentum, lifting privacy-token volumes towards $3 billion at peak.
However, the rally has carried stress. Analysts warn that elevated regulatory scrutiny might drive privateness exercise off regulated platforms.
At the identical time, controversy round EU surveillance measures and the proposed Chat Control regulation has strengthened demand for applied sciences that protect confidentiality.
Against this backdrop, Midnight’s launch arrived on the excellent second. The venture positions itself as a privacy-first community utilizing zero-knowledge proofs and a dual-token mannequin.
NIGHT acts as the first asset, whereas DUST funds personal transactions. The mannequin provides selective disclosure, making information seen solely when required.
This construction aligns with the market’s rotation toward privacy infrastructure slightly than easy anonymity instruments. It additionally matches rising considerations over pockets monitoring, id verification necessities, and the way forward for private information in digital finance.
Crypto Privacy Narrative Is Taking Off
Trading curiosity mirrored that narrative. NIGHT climbed from round $0.039 to greater than $0.085 earlier than easing. Its circulating provide reached 16.6 billion tokens, with traders treating the launch as an entry level into the following section of the privacy-technology cycle.
Yet the privateness sector stays risky. Zcash retraced greater than 40% after its November peak, whereas Dash’s early-December breakout misplaced momentum.
Analysts anticipate rotation between leaders to proceed as regulation tightens and new privacy-focused tasks emerge.
For now, Midnight has captured the strongest launch momentum of any new token this quarter. Its rise illustrates how briskly capital is shifting into privateness infrastructure as the regulatory atmosphere hardens.
The subsequent take a look at might be whether or not demand stays high as soon as the preliminary hype fades and the market shifts its focus from narrative to utilization.
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