Key takeaways
Is Cardano’s ADA nearing a rebound zone?
ADA wallets are down 19.7%, pushing the token into an extreme buy zone. 🤡💸 Oh, great, another “buy zone” that’s basically a graveyard for your savings.
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% less credibility. 🧙♂️
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%, putting Cardano deep in the “extreme buy zone.” 📉 Because who doesn’t want to buy something that’s already plummeted?
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% drop. 🤡
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