Cardano (ADA) founder Charles Hoskinson just made a bold, joking prediction for the next twelve months: Ethereum co-founder Vitalik Buterin will retire right after Cardano “flips” ETH in market cap.
Speaking with Altcoin Daily, Hoskinson quickly turned serious, stressing his desire to win against intense competition from other Layer 1 chains like Solana and Tron.
“I want to win. Levity aside, Midnight upgrade will be launched on the mainnet,” Hoskinson .
What’s the upside?
The team behind Midnight has been working on a testnet since 2024. After a rigorous testing process, the new network is expected to launch its mainnet before the end of this year, with development help from partners like Zoniqx and OpenZeppelin.
Once live, Midnight will operate as an independent Layer 1 partner chain focused on privacy. It is not a sidechain, but it will still leverage Cardano’s security and reliability.
The launch of Midnight is expected to play a crucial role in attracting more developers and investors interested in Real-World Assets (RWA) to the broader Cardano ecosystem.
Other key use cases for the new privacy-focused chain include cross-chain DeFi, identity verification, and healthcare data. Meanwhile, the mainnet launch will introduce the NIGHT tokens, with the airdrop having already started.
Meanwhile, the on the mainnet will introduce the NIGHT tokens, with the airdrop having already started.
The Cardano network has already benefited from the rising institutional demand for altcoins. Amid the ongoing capital rotation from Bitcoin, the ADA/BTC trading pair has been signaling a potential macro reversal.
The network is also benefiting from the growing odds of a spot altcoin ETF approval in the United States. Wall Street analysts are now expecting an “altcoin ETF summer,” with fund managers like Grayscale Investments and Tuttle Capital already having filed to offer spot ADA ETFs.
In the weekly timeframe, ADA price has rebounded from a crucial support level around $53 after a correction in the first half of 2025.
A consistent close above the resistance level around $1.18 will propel ADA price towards its all-time high in the subsequent weeks. The bullish outlook has also been flashed by the weekly MACD indicator, whereby the MACD line recently crossed above the signal line amid rising bullish histograms.
Today’s outlook:
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