Cardano Founder Says Midnight May Surpass $ADA
Cardano founder Charles Hoskinson has mentioned Midnight may “completely” surpass Cardano, though he doesn’t view a possible $NIGHT flip of $ADA as a damaging end result for the broader ecosystem.
Cardano Founder CONFIRMS that $NIGHT can “completely” flip $ADA
“If Midnight grows, I feel it’s going to develop Cardano significantly, as a result of it’s going to deliver a ton of recent individuals into Cardano.”
“I don’t see a actuality the place Midnight grows despite Cardano stagnating. I feel there’s a rising tides impact.” https://t.co/rH40VPadV7
— Altcoin Each day (@AltcoinDaily) November 8, 2026
Hoskinson argued that Midnight’s progress may immediately profit Cardano by attracting new customers and exercise. “If Midnight grows, I feel it’s going to develop Cardano significantly, as a result of it’s going to deliver a ton of recent individuals into Cardano,” he mentioned.
He additionally rejected the concept that Midnight would advance whereas Cardano stagnates, describing the connection as a “rising tides impact.” Beneath that view, a bigger Midnight valuation wouldn’t essentially symbolize capital transferring away from $ADA, however may as a substitute mirror broader growth throughout the interconnected Cardano and Midnight ecosystems.
$NIGHT Would Must Attain About $0.399
Midnight at present has roughly 16.61 billion $NIGHT in circulation.
Dividing Cardano’s $6.62 billion market capitalization by that circulating provide produces a $NIGHT worth of roughly:
$6.62 billion ÷ 16.61 billion $NIGHT = $0.3988 per $NIGHT
$NIGHT would due to this fact have to commerce round $0.40 to match Cardano’s current valuation. Shifting above that degree, with the identical circulating provide and Cardano’s market cap unchanged, would put Midnight forward of $ADA by market capitalization.
From $NIGHT’s present worth close to $0.0397, reaching $0.3988 would require a rise of roughly 904%, equal to roughly a 10x transfer.
This might nonetheless depart $NIGHT properly under the $1 degree that has beforehand attracted hypothesis. The Crypto Primary not too long ago examined what can be required for Midnight to succeed in $1, a worth that might indicate a market capitalization above $16 billion on the present circulating provide.
Midnight Has Been Closing the Hole From a A lot Smaller Base
Midnight’s present valuation stays solely round one-tenth of Cardano’s, however community exercise has expanded significantly throughout 2026.
In October, Midnight surpassed 1 million mainnet transactions, with every day exercise accelerating sharply following the opening of permissionless smart-contract deployment. The Crypto Primary beforehand reported Midnight’s surge in mainnet exercise.
The community can also be intently tied to the broader Cardano ecosystem. $NIGHT launched as a Cardano Native Asset, whereas Midnight operates as a specialised companion chain centered on programmable privateness and zero-knowledge know-how.
Cardano founder Charles Hoskinson has repeatedly argued that Midnight must be seen as complementary to Cardano quite than a rival. He has additionally mentioned he expects Midnight to expertise substantial progress in 2027.
Circulating Provide May Change the $0.40 Calculation
The $0.3988 determine depends upon $NIGHT’s circulating provide remaining round 16.61 billion tokens.
Midnight has a complete and most provide of 24 billion $NIGHT, and its distribution schedule features a 450-day thawing course of. As further tokens enter circulation, the worth required to help a selected market capitalization would fall.
For instance, if all 24 billion $NIGHT have been circulating, a $6.62 billion valuation would correspond to roughly $0.276 per $NIGHT, quite than $0.399.
That makes the circulating-supply assumption essential when evaluating $NIGHT with $ADA.
The comparability additionally stays a transferring goal as a result of Cardano’s market capitalization can rise or fall. $NIGHT reaching $0.40 would match Cardano solely if $ADA’s valuation remained round right this moment’s $6.62 billion degree.
For now, $0.40 represents the approximate $NIGHT worth required to equal Cardano’s present market capitalization—not a forecast that Midnight will attain or surpass $ADA.
