Key takeaways
Is Cardano’s ADA nearing a rebound zone?
ADA wallets are down 19.7
When will Midnight’s NIGHT token officially launch?
NIGHT will go live on the 8th of December. 🗓️ Finally, a date that’s not a mystery! Or a scam. We’ll see. 🤷♀️
Cardano [ADA] keeps getting knocked down, only to claw its way back up. Like a sad clown in a circus. 🎪
A long-awaited token launch is finally locked in, even as ADA holders face some of the toughest returns of the season. What could happen next? 🤔 Maybe a miracle? 🙏
NIGHT gets an official launch date
Cardano founder Charles Hoskinson has finally confirmed when Midnight’s native token, NIGHT, will go live: the 8th of December. 🎉 The man, the myth, the legend-now with 20
On that day, the team will distribute the token and exchanges will open trading and support at the same time. Because nothing says “trust us” like a last-minute token drop. 🚀
The announcement came during Hoskinson’s keynote at The Midnight Summit. 🎤 Because nothing says “I’m a visionary” like a midnight summit. 🌙
Midnight has become one of Cardano’s most closely watched initiatives, due to its focus on privacy-friendly smart contracts and secure data sharing. 🤫 Privacy? More like “privacy for the rest of us.”
As part of his address, Hoskinson stressed that privacy will be a core requirement for future blockchain use. 🛡️ Because who doesn’t want their data to be as secure as a teenager’s Instagram password?
This stance will likely push Midnight to become a bridge between social blockchains, real-world applications, and even potential cross-ecosystem collaboration. 🌐 Because nothing says “innovation” like a blockchain that’s still figuring out how to send a text.
ADA slips into an extreme buy zone
While Midnight prepares for its token launch, ADA is sitting at one of its weakest levels in months. 💸 The market’s equivalent of a “I’ve hit rock bottom” cry.
Santiment data shows that wallets active in the last 30 days are down 19.7
The chart shows ADA falling harder than most major assets, even though Chainlink [LINK], Ethereum [ETH], and Ripple’s XRP [XRP] also have double-digit losses. 📈 The only thing falling faster than ADA is my faith in the market.
Bitcoin [BTC] is down too, but it’s still holding in the milder “good buy zone.” 🚀 Because Bitcoin’s like the “I’m fine, really” friend at a party.
With trader losses hitting major extremes, ADA is now at a level where past cycles often started to recover. 🔄 Because nothing says “recovery” like a 20
ADA looks weak
The token was trading around $0.46 at press time, after a steady string of red candles. 📉 Like a sad trombone. 🎺
The RSI meant ADA was close to oversold territory, while the MACD was in negative territory with no signs of a reversal at the time of writing. 📈 The market’s equivalent of a “I’m not okay” moment.
Even though buyers stepped in briefly with a volume uptick, momentum remained weak overall. For now, ADA needs stronger demand before any meaningful recovery can happen. 💸 Because nothing says “recovery” like a bunch of hopeful investors. 🙏
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2025-11-19 05:29