Cardano Holds $0.52 as Midnight Passes 1M Mining Addresses — Is a Trend Shift Coming?

[Ben Graham]

Cardano Price Prediction comes into focus after Midnight hits 1M mining addresses and ADA holds key support.

Midnight Protocol has passed 1M mining addresses, an update shared on X by Sebastien Guillemot. 

~200,000 direct claims
>1,000,000 addresses mining
– large dApps (ex: Minswap) distributing tokens
– KYC'd sites (Kraken, Gate, more coming) distributing

So many NIGHT holders already

Obvious bet: more NIGHT holders are coming pic.twitter.com/Q0GndfBEVh

— Sebastien Guillemot (@SebastienGllmt) November 6, 2025

 

The early activity was also reported in connection with the NIGHT token, where there were over 200,000 direct claims. 

The figures also indicate the consistent momentum and the increased interest in the model of Midnight.

Cardano’s ADA is trading quietly in the mid-$0.52 range as this new milestone on its Midnight partner-chain brings attention back to core fundamentals. 

(Source: Coingecko)

The native token of the proof-of-stake network founded by Charles Hoskinson hovered around $0.52–$0.55 on Friday, showing little change on the day. 

Trading volume sat near $0.86-$1.09Bn over 24 hours, placing its market value close to $19Bn.

Guillemot, CTO of Cardano Midnight, shared a breakdown of recent activity, noting that close to 1,000,000 unique addresses are now mining the chain’s NIGHT token.

DISCOVER: 20+ Next Crypto to Explode in 2025

The milestone points to rising interest in Midnight’s privacy-driven design. The network leans on zero-knowledge proofs to keep activity both verifiable and hidden.

Midnight runs as Cardano’s privacy sidechain. It aims to let users share data on-chain without exposing sensitive details.

NIGHT is the main token on the network. Supply is capped at 24M.

Midnight rolled out its long-planned airdrop, called the Glacier Drop, in August 2025. 

The drop targeted 30M wallets across eight major blockchain ecosystems, including Cardano, Solana, BNB Chain, Avalanche, XRP Ledger, and Brave.

Claims opened on August 5 and remained available for 60 days, closing on October 4.

Cardano founder Charles Hoskinson called the launch a major step, noting it reflects six years of work. 

DISCOVER: Best New Cryptocurrencies to Invest in 2025

Cardano Price Prediction: Will Cardano Break Its Downtrend and Target $1 Again?

Meanwhile, Cardano’s ADA is trying to steady near support as traders look for signs of a shift in trend. 

The latest chart shared by crypto analyst Lucky shows a lengthy pullback that began after a strong late-2024 rally. 

Since then, ADA has stayed inside a downward channel, with repeated lower highs marking the broader slide.

(Source: X)

Price action has now returned to a key demand zone that once served as the base for earlier gains. ADA is retesting this area after dipping below a short-term trendline. 

The chart highlights the latest move into this zone, suggesting buyers may be active near $0.53.

A breakout from the broader downtrend in mid-2025 triggered a short recovery, showing that the price responds when market structure shifts. 

The chart now shows a similar setup. The analyst suggests another upside move is possible if support continues to hold.

If ADA bounces from the marked zone, the chart points to a potential mid-term climb, with a loose target area above $1.00. But if the price slips below this demand region, the bullish view weakens, and the downtrend may stay in place.

Lucky said ADA is “looking good here,” noting that the token is sitting close to meaningful support.

DISCOVER: 20+ Next Crypto to Explode in 2025 

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post Cardano Holds $0.52 as Midnight Passes 1M Mining Addresses — Is a Trend Shift Coming? appeared first on 99Bitcoins.