$NIGHT

The price of Midnight (NIGHT) rose by more than 22% over 24 hours, reaching around $0.044, as renewed interest in blockchain privacy, enterprise use cases, and Midnight’s partnerships with companies helped the coin move closer to its strongest levels in recent months.

CoinGecko data shows that NIGHT is being traded near the $0.044 level according to the latest reading, up by roughly 84% over seven days, bringing the coin’s market value to around $727 million. Trading volume also exceeded $120 million during the same period.

The pace of the rally accelerated after Jimmy Rogozinski, founder of the WallStreetBets community, said that privacy could become even more important as institutions shift toward injecting larger amounts of capital into blockchain networks.

However, Rogozinski’s remarks reflect a market outlook and do not constitute evidence that institutions are currently buying NIGHT.