Cardano’s ADA price extended its decline on Tuesday after Midnight Foundation named MoneyGram, Vodafone, and eToro among the top validators for the Midnight network. Midnight is an upcoming sidechain that will focus on privacy and will enable privacy-stablecoins, making it possible to send money anonymously. ADA retreated for four consecutive days, reaching a low of $0.2600, down from the year-to-date high of $0.4375. The development comes as investors gauge the potential impact of the validators and the March launch of the Midnight mainnet.
Cardano has already integrated Pyth Network in the ecosystem, and developers are aiming to add Chainlink and other networks. Indeed, Cardano recently partnered with LayerZero, a top bridging network connecting hundreds of chains.
Omri Ross, Chief Blockchain Officer at eToro, said, “Midnight’s architecture for confidential smart contracts with built-in verifiability aligns with our long-term view that, over time, all asset classes will increasingly move on-chain.” Midnight Foundation named MoneyGram, Vodafone, and eToro among its top validators for the upcoming Midnight network. The privacy-focused sidechain will enable privacy-stablecoins, allowing users to send money anonymously and boosting on-chain confidentiality. This move underscores growing interest from major firms in Midnight’s architecture.
ADA price extended its decline on Tuesday, retreating for four consecutive days to around $0.2600, down from the year-to-date high of $0.4375. The development comes as investors gauge the validators’ impact ahead of the March Midnight mainnet launch. Cardano has already integrated Pyth Network and is pursuing additional oracle networks, including LayerZero collaboration and plans to add Chainlink and others. Omri Ross, Chief Blockchain Officer at eToro, said: “Midnight’s architecture for confidential smart contracts with built-in verifiability aligns with our long-term view that, over time, all asset classes will increasingly move on-chain.”
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