Cardano Founder Teases ‘Good Day’ Before Midnight Network Launch on Monday
Charles Hoskinson’s enigmatic message teasing an upcoming positive development on Monday has sparked curiosity and speculation within the Cardano community as the ADA cryptocurrency sits at its local lows.
Hoskinson’s cryptic post on December 7th caught the attention of many, despite lacking specific details. ADA has been hovering around $0.41 for an extended period without any significant price movement.
The anticipation arises from Hoskinson’s message coinciding with the planned launch of the Midnight Network mainnet on Monday, December 9th. Midnight is a sidechain with a focus on privacy that has been in the works for several years. Recently, the platform introduced the NIGHT token, marking it as the first Cardano Native Asset. Prominent exchanges like Bybit, Gate, and OKX have all committed to listing the token on Monday.
The Cardano community’s reaction varied, with some responding through memes and jokes while others speculated about potential integrations with Solana.
Despite the excitement surrounding the Midnight mainnet deployment, no official upgrades or announcements have been confirmed. The NIGHT airdrop will provide an opportunity for participants from the Glacier airdrop and scavenger mine period to claim tokens.
This development is significant as ADA experienced a 70% decline from its 2025 peak of approximately $1.32 last December. The previous December saw ADA’s value surge by over 200% during a phase of discreet accumulation. Currently, ADA is trading around $0.41, having dipped below a crucial support level at around $0.51. The token has found stability along an upward trendline connecting the lowest points since June 2023.
Supporters of Cardano are hopeful that Midnight will attract more developers to the network and enhance its overall locked value. Nevertheless, some analysts question the benefits of Midnight to the Cardano ecosystem, noting that it might encourage users to build on Midnight instead of Cardano itself.
Looking ahead to 2026, Hoskinson has laid out ambitious plans that include the Leios scaling solution and the reinforcement of DeFi infrastructure. He underlined Cardano’s progression towards becoming one of the premier and swiftest cryptocurrency projects globally.
While charts display ADA finding stability after recent declines, the cryptocurrency’s future trajectory is still uncertain.
In another development, South Korea is planning to impose bank-level liability on cryptocurrency exchanges following the $30 million hack of Upbit.
