What happened?
Charles Hoskinson announced Midnight, a zero-knowledge sidechain he calls a major launch aimed at fixing Cardano’s adoption and scalability problems. The project has reportedly drawn more than 80 deals with developers like Sundae Labs, OpenZeppelin and Fluid Tokens, positioning ADA as a more useful platform. Analysts also point to a key technical support around $0.51 and say a successful launch could push Cardano back toward $1.15 and higher.
Who does this affect?
This matters most to Cardano investors and developers who’ve sidelined the chain, because Midnight is designed to bring projects and capital back to ADA. Traders and chart-watchers are affected too, since the $0.51 support and $1.15 resistance are now focal levels for potential moves. Creators and new Web3 projects like SUBBD could also benefit if Cardano’s ecosystem and TVL start to grow again.
Why does this matter?
If Midnight actually boosts developer activity and TVL, demand for ADA could rise, which would likely push prices higher and draw fresh investor interest. A hold at $0.51 and a retest of $1.15 could signal a new bull phase and even open the door to much larger gains (analysts mention targets like $2.25). That kind of momentum would shift capital flows in crypto, improve Cardano’s competitiveness versus newer chains, and lift related tokens tied to its ecosystem.