Cardano price could be gearing up for a major breakout, according to crypto analyst Cheeky Crypto. In a recent video shared on YouTube, the team pointed to a new upgrade involving the Midnight Network as a potential spark for ADA next big move.
The upgrade isn’t just technical, it includes a huge airdrop, cross-chain integrations, and a unique dual-token system that’s getting a lot of interest across the crypto space.
The market seems to be reacting already. Cardano price is up about 10%, while the total crypto market cap has crossed $3.39 trillion.
And with the Midnight Network ready to drop 24 billion Knight tokens across blockchains like Bitcoin, Ethereum, Solana, and XRP, there’s plenty of buzz building.
What you'll learn 👉
Midnight Network’s Knight and Dust Tokens Explained
Here’s how it works: the Midnight Network is launching a two-token setup. The Knight token will live on Cardano and handle governance, while also generating another token called Dust.
Dust is designed to fuel private transactions on the Midnight Network. If you held eligible tokens, good news, the snapshot has already been taken. That means qualified wallets will receive Knight tokens automatically on Cardano.
The whole idea is to create a system where privacy can exist alongside compliance. Think financial data or medical records, users stay in control, but regulations aren’t ignored.
Wrapped ADA Brings Cardano Closer to Ethereum DeFi
Cardano is also expanding its reach through Coinbase. Wrapped versions of ADA and Litecoin have launched as ERC-20 tokens, which means users can now explore Ethereum-style DeFi using Cardano assets.
These wrapped tokens live on Coinbase Base network, and opens the door for ADA to interact with a wider range of DeFi tools. This kind of quiet infrastructure move could help build steady demand without the need for flashy headlines.
Read Also: Cardano & Polkadot Are Buying Bitcoin – But It’s Not What You Think
Where the Market Could Be Headed Next
Cheeky Crypto also shared their macro outlook, and predicted that the current bull cycle could hit its peak by the end of 2025 or early 2026.
However, they warned that interest rate cuts from the Fed might cause a short-term dip before that rally kicks in.
They also pointed to the absence of ETF approvals for altcoins such as Cardano, which is still pending amid continuous delays from the SEC.
Though regulatory clarity has yet to arrive, interest now is on what Cardano is constructing, and how those efforts could shape the next big move for ADA price.
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