The whole market is getting battered, but $BTC 73,900 is still hovering around 73,000. This coin has had no new news today—so why is it up 13% in a day?
$NIGHT is up 13% today to $0.048, making it the biggest gainer among the top 100 coins. It’s up 9% in 7 days and has more than doubled in 30 days, with a market cap of $800 million.
The rally is based on two old stories: the Ledger 9 upgrade went live on mainnet on November 6, adding private transfers and smart contract interoperability; and Cardano founder Hoskinson said NIGHT could one day surpass ADA and become bigger than Zcash—and that he had invested $200 million himself.
A reality check: the upgrade happened on the 6th, and the rally is being driven by a bigger narrative, not new orders or listings. It’s still 60% below its all-time high of 0.1185, and matching Zcash’s $16 billion market cap would require a 20x gain.
A: The privacy narrative is hot. If it breaks above 0.05, chase it and bet on a double. B: A 13% gain with no new news is a one-day wonder—get out if it drops back to 0.042.
#Midnight #NIGHT #privacycoin
$NIGHT is up 13% today to $0.048, making it the biggest gainer among the top 100 coins. It’s up 9% in 7 days and has more than doubled in 30 days, with a market cap of $800 million.
The rally is based on two old stories: the Ledger 9 upgrade went live on mainnet on November 6, adding private transfers and smart contract interoperability; and Cardano founder Hoskinson said NIGHT could one day surpass ADA and become bigger than Zcash—and that he had invested $200 million himself.
A reality check: the upgrade happened on the 6th, and the rally is being driven by a bigger narrative, not new orders or listings. It’s still 60% below its all-time high of 0.1185, and matching Zcash’s $16 billion market cap would require a 20x gain.
A: The privacy narrative is hot. If it breaks above 0.05, chase it and bet on a double. B: A 13% gain with no new news is a one-day wonder—get out if it drops back to 0.042.
#Midnight #NIGHT #privacycoin