Estimate the price of $NIGHT at the peak of a bull market.
As a sidechain/public blockchain focused on zero-knowledge proofs and compliant privacy, Midnight's valuation can be compared with similar privacy-focused public blockchains such as Zcash $ZEC , Monero$XMR , Aleo, and Secret Network, as well as the liquidity premium unique to the Cardano ecosystem.

I. Estimated market cap and price under three bull market scenarios
1. Conservative/steady scenario
Positioning: Midnight launches successfully and operates reliably, but performs moderately in the privacy sector and public blockchain ecosystem, with a market cap close to the typical historical average range for leading privacy chains like Zcash.
Estimated market cap: $2 billion–$3.5 billion
Corresponding price: 0.10–0.18 (approximately 2.5x–4.5x compared with the current price)

2. Optimistic/mainstream bull market scenario
Positioning: Demand for selective disclosure in enterprise-grade compliant privacy surges, and substantial liquidity from the Cardano ecosystem flows into Midnight.
Estimated market cap: $5 billion–$10 billion
Corresponding price: 0.25–0.50 (approximately 6x–12x compared with the current price)

3. Extremely euphoric scenario
Positioning: A premium similar to that enjoyed by Cardano (ADA) or Monero/Zcash during the frenzy of the previous bull market, or a surge in institutional interest in ZK projects, propelling it into the top 20 public blockchains.
Estimated market cap: $15 billion–$25 billion
Corresponding price: 0.75–1.25 (approximately 18x–30x compared with the current price)

II. Key factors affecting NIGHT's price ceiling

Utility of the DUST economic model: If market demand for DUST is strong and enterprises and DeFi frequently use privacy transactions, this will significantly reduce NIGHT's circulating supply.
The Cardano ecosystem's network effect: Can Midnight successfully attract ADA holders to participate in cross-chain staking and interactions?
What price do you think 2030NIGHT will reach?