Following the impressive metrics around Midnight since its launch, Cardano founder Charles Hoskinson has tipped NIGHT to become the “first true 4th generation cryptocurrency.”
Hoskinson, in an X post, noted that the privacy-focused blockchain is thriving and off to a great start after the launch of its native token, NIGHT.
“It’s amazing how well the ecosystem is developing and holding up,” said Hoskinson. “It’s on its way to be the first true 4th generation cryptocurrency and bring in a new era to our industry.”
Days after NIGHT’s launch, a flurry of exchanges announced the listing of the cryptocurrency, with Bybit and OKX leading the way.
Furthermore, Bitpanda, MEXC, Gate.io, KuCoin, and HTX also confirmed support for NIGHT in the days following the launch.
Midnight announced an alliance with Creditcoin to prove identities without sacrificing privacy, building on a previous collaboration with Google Cloud.
Midnight’s Glacier Drop emerged as the largest crypto airdrop, with the project distributing 24 billion NIGHT tokens.
Phase 2 of the Glacier Drop attracted even larger numbers for Midnight, underscoring the growing need for privacy-focused projects.
“3 million views in 9 days! Midnight will be a beast,” said Hoskinson, following an avalanche of views on a YouTube video introducing Midnight as the Fourth Generation of Cryptocurrency.
At press time, NIGHT is trading at $0.064, with its market cap pegged at $1 billion.
Daily trading volume has surged to reach $1.6 billion as holders brace for a near-term price rally.
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