NIGHT, the cryptocurrency of the blockchain Midnight led by Cardano founder Charles Hoskinson, jumped about 30% within 24 hours on October 1, pushing its weekly gain past 70% and lifting it from the 0.02-dollar range into the 0.04-dollar range. Its market capitalization stands at roughly 700 million dollars, ranking 80th, while 24-hour trading volume has topped 100 million dollars. Three main developments are behind the rally. First, Sebastien Guillemot, CTO of the Midnight Foundation, revealed on his X account on September 19 that the day is near when anyone can publish smart contracts on the mainnet. Second, the official X account of WallStreetBets, a U.S. retail investor community, highlighted NIGHT's price action on September 30, saying privacy is essential to the spread of cryptocurrencies. Third, privacy-focused tokens as a whole have been rising, with Zcash up about 65% over the past 30 days and its market capitalization at roughly 24 billion dollars, ranking ninth.
Midnight Foundation CTO said the day is near when anyone can publish smart contracts on the mainnet, a product/tech development driving NIGHT's rally.
