Cardano founder Charles Hoskinson said integrating privacy-focused Midnight into the Cardano ecosystem could create a strong bullish scenario for network growth and token valuation.
According to Hoskinson, once the first 10 to 15 decentralized applications (dApps) on Cardano move to a hybrid dApp architecture and gain privacy features from Midnight, it could generate a significant influx of users, particularly from the Bitcoin and XRP ecosystems. He said this will significantly improve key metrics on the Cardano network, including usage, activity, and adoption.
Hoskinson claimed that this development will create a positive evaluation environment not only for mainnet tokens. ADAbut so are tokens belonging to dApps on Cardano. He pointed out that there is currently a significant price discrepancy between the two. ADA and Cardano’s native token ecosystem, and argued that this gap will close over time, creating a “rising tide” effect for both parties.
Hoskinson said the most important element Midnight brings to Cardano is the benefit of being the first to move to a new privacy-based paradigm, but added that Midnight also needs to stand on its own as an independent network. According to Hoskinson, Midnight aims to create long-term value by exposing its privacy infrastructure to the entire crypto ecosystem, not just Cardano.
*This is not investment advice.
