Cardano Maintains $0.52 as Midnight Surpasses 1M Crypto mining Addresses — Is a Change in Trend On the Horizon?
Cardano Price Forecast gains attention as Midnight surpasses 1M mining addresses while ADA maintains crucial support.
Midnight Protocol has exceeded 1M block rewards addresses, an update announced on X by Sebastien Guillemot.
~200,000 direct claims
>1,000,000 addresses mining
– large dApps (ex: Minswap) distributing tokens
– KYC’d sites (Kraken, Gate, and more) distributingNumerous NIGHT holders already
Clear expectation: more NIGHT holders are on the way pic.twitter.com/Q0GndfBEVh
— Sebastien Guillemot (@SebastienGllmt) November 6, 2025
Initial activities were also linked to the NIGHT crypto token, with over 200,000 direct claims reported.
The data suggests sustained momentum and a growing interest in Midnight’s model.
Cardano’s ADA is trading steadily in the mid-$0.52 range as this latest achievement on its Midnight partner-chain refocuses attention on core fundamentals.
The native crypto token of the proof-of-stake network established by Charles Hoskinson remained around $0.52–$0.55 on Friday, showing minimal change throughout the day.
Trading volume ranged between $0.86-$1.09Bn over the last 24 hours, bringing its market capitalization close to $19Bn.
Guillemot, the CTO of Cardano Midnight, provided a breakdown of recent activity, mentioning that nearly 1,000,000 unique addresses are active in crypto mining the chain’s NIGHT crypto token.
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This milestone signifies increasing interest in Midnight’s privacy-focused architecture. The network utilizes zero-knowledge proofs to ensure that activities are both verifiable and concealed.
Midnight operates as Cardano’s privacy sidechain. Its goal is to enable users to share on-chain data without revealing private information.
NIGHT serves as the primary coin on the platform, with a total circulating supply capped at 24M.
Midnight executed its long-anticipated free token distribution, termed the Glacier Drop, in August 2025.
The drop aimed for 30M wallets across eight principal distributed ledger ecosystems including Cardano, Solana, BNB Chain, Avalanche, XRP Record, and Brave.
Claims commenced on August 5 and were available for 60 days, concluding on October 4.
Cardano founder Charles Hoskinson described the launch as a significant milestone, reflecting six years of effort.
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Cardano Price Forecast: Will Cardano Overcome Its Downward Trend and Aim for $1 Again?
Meanwhile, Cardano’s ADA is attempting to stabilize near support as traders search for indications of a trend reversal.
The most recent chart shared by crypto analyst Lucky depicts an extended pullback that commenced after a robust rally in late 2024.
Since then, ADA has remained within a descending channel, with persistent lower highs marking the overall decline.
Price dynamics have now returned to a crucial buyer interest zone that previously acted as the foundation for earlier advances. ADA is reevaluating this area after dropping below a short-term trendline.
The chart emphasizes the latest movement into this zone, indicating that buyers may engage near $0.53.
A breakout from the ongoing downtrend in mid-2025 initiated a brief recovery, demonstrating that the price reacts when the crypto market structure changes.
The chart currently reveals a comparable configuration. The analyst believes another breakout is achievable if base level remains intact.
Should ADA rebound from the designated zone, the chart suggests a potential mid-term ascent, targeting a range above $1.00. However, if the price falls below this buyer interest zone, the bullish outlook diminishes, and the downtrend could persist.
Lucky remarked that ADA is “looking good here,” highlighting that the token is positioned close to significant base level.
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The post Cardano Holds $0.52 as Midnight Surpasses 1M Mining Addresses — Is a Trend Shift Approaching? appeared first on 99Bitcoins.
