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The Cardano price has climbed 4% in the last 24 hours to trade at $0.8011 as of 7:06 a.m. EST on a 116% surge in trading volume to $1.74 billion.
This ADA price jump comes as Charles Hoskinson says Midnight (NIGHT) will be the “largest, most prominent, most traded, and highest volume Cardano native token in circulation.” The Midnight Network has launched its first token distribution phase for NIGHT, targeting users across eight major blockchains
"Midnight will be the largest, most prominent, most traded, and highest volume Cardano native token in circulation." pic.twitter.com/aGUtQ9RxeA
— TapTools (@TapTools) August 6, 2025
According to Hoskinson, so far, there have already been 11,000 redemptions for 250,000,000 NIGHT tokens.
The Midnight Network is Cardano’s first layer-1 partner chain entirely focused on privacy powered by Zero Knowledge (ZK) tech with shared security from Cardano
Cardano Price Turns Bullish, Eyes 64% Gain In The Mid-Term
The 12-hour timeframe for ADA/USDT shows a wild ride. The price recently dipped to a low of $0.5100 before staging a solid bounce, currently hovering around $0.8022. That’s a 56.03% pump.
The 50 SMA (Simple Moving Average) on the 12-hour chart at $0.7905 is acting as a resistance level, while the 200 SMA (blue line) at $0.7042 suggests a longer-term upward trend.
The Relative Strength Index (RSI) at 60.23 is headed upward, and is almost in the overbought territory, but not there yet. This indicates room for more gains.
ADAUSDT Analysis Source: Tradingview
Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line (blue) slicing through the signal line (orange).
The chart highlights a resistance around $0.9377, and if ADA smashes through $0.9377 (a 17.21% jump from here), it could moon toward $1.3184, or even $1.400 if the bulls keep pushing.
ADA Breakout Sparks $1 Target Hopes
ADA’s price broke out of the falling channel, signaling bullish strength. If bears stage a campaign, the ADA price might fall back to the top of the falling channel ($0.732). Support sits firm at the 200 SMA ($0.7048), with a drop below this point risking a slide to $0.5402.
The ecosystem growth promises scalability and could potentially drive institutional FOMO. If Midnight delivers, ADA might ride this wave to $1 or beyond by year-end, especially with that bullish MACD signal.
However, if the market turns bearish or Midnight underperforms, there could be a pullback to $0.680 or lower.
In the short term, ADA may test that $0.9377 resistance, and a break above with strong volume could ignite a rally. Long-term, Midnight’s success could push ADA to new highs.
Bitcoin Hyper Presale Races Toward $8M – Next Big Thing For Bitcoin?
As the Cardano price turns bullish, Bitcoin Hyper (HYPER) is making waves in the crypto world, with its presale raising over $7.7 million and counting.
This new layer-2 solution for Bitcoin is turning heads by promising to fix some of the biggest headaches in the BTC ecosystem, including slow transactions and high fees, while keeping things secure and user-friendly.
Built on the Solana Virtual Machine (SVM), Bitcoin Hyper takes Bitcoin’s clunky seven-transactions-per-second speed and supercharges it, aiming for thousands of transactions per second, rivaling high-performance blockchains like Solana.
It’s like giving Bitcoin a turbo boost, making it practical for everyday payments, decentralized apps (dApps), and even meme coins.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Here’s how it works: Bitcoin Hyper uses a Canonical Bridge to lock your BTC on the main chain and mint “wrapped” versions on its layer-2 network.
From there, you can trade, stake, or use dApps at lightning speed, all while keeping Bitcoin’s rock-solid security. When you’re done, just burn the wrapped tokens, and your BTC is back on the layer-1, safe and sound.
Out of a total supply of 21 billion tokens, 20% are available in the presale, while 30% is allocated for development to fuel the project’s growth.
According to popular YouTube channel 99Bitcoins, which has over 723K subscribers, HYPER is one of the best crypto ICOs to buy now.
The HYPER token, currently priced at $0.012575 in the presale, powers this ecosystem and can be bought with ETH, USDT, BNB, or a bank card on the project’s website.
Investors are drooling over the jaw-dropping 138% annual percentage yield (APY) offered to anyone who stakes their tokens, though these rewards will shrink as more people jump in.
The price will undergo a hike in about 24 hours, so interested investors should act fast.
Check out the Bitcoin Hyper website.
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