Cardano's new star in the ecosystem emerges, ADA faces short-term pressure requiring time for recovery

【Crypto World】The Cardano ecosystem has been buzzing recently. The privacy project Midnight ($NIGHT) has seen a surge in popularity, and even more astonishing is that its price performance has surpassed BTC and ETH — a first within the native assets of Cardano. This phenomenon is indeed eye-catching.

In response to community concerns about the long-term stagnation of ADA’s price, the project’s founder Charles Hoskinson addressed the issue. He acknowledged Midnight’s recent achievements and expressed optimism that the rise of such projects could inject new vitality into Cardano’s DeFi ecosystem. However, regarding ADA’s overall weakness, his view is very candid — this is not just a Cardano problem, but a pain point that the entire crypto market is digesting.

Hoskinson described the current market situation as somewhat painful: scams rampant, manipulation widespread, and sentiment shattered. It may take several months for the market to truly regain confidence. Currently, ADA’s price has been held below $0.40, and technically, it remains in a downtrend. In the short term, this correction may continue, but from an ecosystem development perspective, the emergence of innovative projects like Midnight at least shows that Cardano’s appeal still exists.

ADA0,38%
BTC0,34%
ETH0,57%
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WalletDetectivevip
· 7h ago
Woke up at night, but ADA is still sleeping. This logic is a bit crazy.
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Frontrunnervip
· 7h ago
NIGHT this wave is indeed fierce, but ADA still has to wait, ecosystem rotation is very normal --- Midnight's surge is a bit outrageous, feels like another round of cutting leeks --- Charles needs to show some real skills, just talking without action won't convince anyone --- ADA's long-term stagnation is just because there are no killer apps, NIGHT won't be hot for long --- Cardano's ecosystem finally has some movement, but how long it can last is really uncertain --- Price surpassing BTC and ETH? How is this data calculated, it's a bit far-fetched --- Wait, how can NIGHT just take off like that, is the technical support really that strong? --- ADA has to accept it, it's just not as good at attracting money as Ethereum --- Ecosystem rotation is very common, don't be blinded by the hype, a correction is bound to happen sooner or later --- No matter how well this guy talks, it can't change the current situation, it all depends on fundamentals
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OnchainFortuneTellervip
· 7h ago
Hey, Midnight took off, but ADA is still lying flat. Why is the gap so big? ADA needs to think about what to do, isn't it promoting the UTXO model? $NIGHT breaking out of the circle, I really didn't expect that. Is Cardano about to turn things around? Charles needs to work hard; just talking isn't enough. An active ecosystem is a good thing, but I'm worried ADA will just ride along.
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DuskSurfervip
· 8h ago
NIGHT this wave is really awesome, ADA has been crushed haha --- Midnight is just past, is ADA still sleeping? --- This time NIGHT's performance is truly outrageous, it feels like the ecosystem has just awakened --- Another new project turning around, ADA still has to wait --- Is Cardano about to turn around or continue to flop? --- NIGHT is going crazy, but the issues with ADA definitely need to be addressed --- The ecosystem is moving, what about ADA? It feels a bit like Don Quixote --- The privacy track is rising, this time NIGHT is shining --- To be honest, Cardano's capacity really has issues, it's not just about ADA
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ForkYouPayMevip
· 8h ago
Listen, Midnight's surge is really strong, but ADA is still kneeling there, which is a bit ironic. --- Another ecosystem coin showing muscle, ADA continues to lie flat, the same old problem. --- $NIGHT surpassing BTC and ETH? Okay, so when will ADA also make a move? --- Charles needs to tell the truth, or the community would have exploded long ago. --- Ecosystem enthusiasm is one thing, but if the main coin doesn't perform, it's all pointless. Everyone understands this logic. --- Cardano is once again in internal competition, new stars emerge while the big players fall behind, quite despairing. --- The rise of $NIGHT is truly outrageous, which makes ADA look even more lagging.
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LiquidatedNotStirredvip
· 8h ago
Midnight is surging so strongly, why is ADA still lying there relaxed? --- Another new star in the ecosystem has risen, but ADA remains the same old. --- NIGHT's increase is so fierce, it feels a bit fake. --- The Cardano ecosystem has finally shown some signs of movement, but ADA needs to perform well itself. --- Short-term pressure, long-term recovery, in plain terms, we still have to wait. --- The privacy track is so competitive, it's hard to say how long NIGHT can hold up. --- ADA's long-term stagnation sounds nice, but in reality, there's just no more topics.
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