Cardano’s Midnight Update Set to Supercharge DeFi 10x Despite Recent ADA Dip
Cardano founder Charles Hoskinson reassures the crypto community that the Midnight upgrade will strengthen, not weaken, the blockchain. In a recent livestream, he addressed fears that the privacy- and...
Cardano founder Charles Hoskinson reassures the crypto community that the Midnight upgrade will strengthen, not weaken, the blockchain.
In a recent livestream, he addressed fears that the privacy- and scalability-focused initiative might distract from Cardano’s core mission, highlighting instead that Midnight could grow its DeFi ecosystem tenfold.
Hoskinson stressed that speed, cost, and scalability alone won’t drive mass adoption. “Why would anyone leave Solana or Ethereum?” he asked.
His point stresses that users won’t switch unless Cardano offers something truly unique. The Midnight upgrade aims to do just that, introducing privacy-focused smart contracts and features unavailable on other chains, giving developers and users entirely new possibilities.
Notably, the Midnight protocol bridges privacy, scalability, and user experience, enabling secure, data-obscured transactions.
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Hoskinson emphasized that Midnight won’t take users from Solana or Ethereum; instead, it opens new opportunities, letting developers and investors engage with Cardano in ways previously impossible, unlocking a stronger, more versatile DeFi ecosystem.
Cardano Faces Volatility Amid Bearish MACD Signals
Cardano (ADA) faces renewed scrutiny as market signals hint at further losses. Analyst Ali Martinez warns that the last monthly MACD bearish crossover preceded an 81% plunge, raising investor caution.
The MACD, a key momentum indicator, signals trend shifts in assets. A bearish crossover, when the MACD falls below its signal line, often warns of weakening momentum. For Cardano, a monthly bearish crossover shows potential long-term market pullbacks rather than short-term price swings.
Presently, Cardano has plunged 32% to $0.3637 following the latest MACD bearish crossover, reigniting fears of a prolonged downtrend. As a result, Martinez stipulates that historical MACD-driven corrections should not be ignored.
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