Cardano is poised for a potential 40% price advance as DeFi activity on the network strengthens following the NIGHT token launch. Data from DeFi Llama indicates Cardano’s DEX networks have seen a material uptick in volume since the NIGHT launch, with November volumes exceeding $100 million and month-to-date totals near $193 million.
The ADA price has been oversold, and on-chain fundamentals are improving, suggesting a possible rebound. The RSI has fallen to 27, and the Stochastic Oscillator lines are at their lowest levels in months; a near-term target around $0.5241, roughly 40% above current levels, emerges as a bullish milestone.
Midnight sidechain mainnet is set to launch in the first quarter of next year, a key catalyst for growth as the NIGHT token’s reception drives increased activity. The Leios upgrade is planned to dramatically increase transactions per second by introducing parallel processing, boosting Cardano’s throughput. In addition, Grayscale is expected to launch an ADA ETF in 2026, potentially boosting demand for ADA over the longer term. The NIGHT token has propelled Cardano’s on-chain activity, contributing to a market capitalization that has jumped to over $1.3 billion and rising daily volumes across Cardano’s DEX networks.
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