Cardano Price Prediction: Co-Founder Praises Midnight – Should ADA Holders Be Worried?

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David Pokima

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David Pokima

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Jun 2023

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David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news.

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Last updated: 

March 28, 2026

Cardano price is trading under 25 cents with a weekly loss of 8%, and the ecosystem is telling an uncomfortable story and prediction. Charles Hoskinson, ADA co-founder, just publicly praised Midnight as a “next-generation cryptocurrency,” the same week ADA broke below a critical moving average.

Hoskinson’s endorsement follows Midnight securing a landmark deal with UK digital bank Monument to tokenize £250 million in customer deposits, marking the first time a UK-regulated bank has tokenized deposits on a public blockchain while keeping them interest-bearing and protected.

Hoskinson highlighted Midnight’s tokenomics on X, specifically its protocol revenue mechanism that buys and recycles the NIGHT token into the treasury, creating a deflationary supply model. That’s a compelling pitch. The problem? It’s not ADA.

Meanwhile, ADA sits 66% down year-to-date against a macro backdrop that isn’t doing altcoins any favors, and the technicals are flashing amber.

Discover: The best pre-launch token sales

Cardano Price Prediction: Cardano to Reclaim $0.30 Before the Van Rossem Fork?

ADA is currently consolidating between $0.23 and $0.27, having broken below the 20-day EMA at $0.258, a level technicians watch closely as a momentum divider. The 50-day SMA sits near $0.30 and the 200-day SMA at $0.50, both acting as overhead resistance that the price hasn’t sniffed in months.

There’s a counterweight, though. Whale accumulation of $161 million has quietly pushed Cardano’s DeFi TVL past $1.1 billion, and the approaching van Rossem hard fork in April, alongside a Midnight mainnet launch, represent the most significant fundamental catalysts ADA has seen in 2026. CME futures and Grayscale holdings add institutional framing that shouldn’t be dismissed.

Binance’s 2026 forecast puts an April average near $0.57, optimistic by any current measure, though longer-range models from Flitpay project a $1.20–$1.80 range if macro conditions align. CoinCodex’s near-term call is more grounded: $0.25 low by March 30.

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Bitcoin Hyper Targets Early Mover Upside as Cardano Tests Key Levels

ADA holding $0.25 is not a victory; it’s a waiting room. For traders watching Layer 1s bleed and wondering whether the next cycle’s infrastructure gains are already priced into established names, early-stage infrastructure plays are drawing fresh attention.

That’s exactly the context driving interest toward Bitcoin Hyper ($HYPER), a presale project positioning itself as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration.

The pitch is structural: Bitcoin’s limitations — slow finality, high fees, limited programmability- are addressed at the infrastructure layer, while preserving Bitcoin’s security. Fast smart contracts on Bitcoin, not instead of it.

The presale has raised over $32 million at a current price of $0.0136, with huge 36% APY staking rewards available for early participants. The SVM integration is the standout feature, faster performance than Solana itself, alongside a Decentralized Canonical Bridge for BTC transfers and extremely low-latency execution.

Check the Hyper presales page here, and join the Hyper army.

This article is not financial advice. Cryptocurrency investments are highly volatile. Always conduct your own research before investing.