Charles Hoskinson Tips NIGHT To Become The First True 4th Generation Cryptocurrency

Following the impressive metrics around Midnight since its launch, Cardano founder Charles Hoskinson has tipped NIGHT to become the “first true 4th generation cryptocurrency. Since its launch, NIGHT has achieved listing on a plethora of exchanges, while retail interest is at an all-time high for the privacy-focused blockchain.

NIGHT Excites Charles Hoskinson Amid Rising Interest

Charles Hoskinson has hailed Midnight’s launch as an “incredible success” following a spike in retail and institutional interest. 

Hoskinson, in an X post, noted that the privacy-focused blockchain is thriving and off to a great start after the launch of its native token, NIGHT. Built on Cardano, Hoskinson stated that Midnight is poised to bring a suite of privacy perks to the ecosystem, setting the pace for what it means to be a fourth-generation cryptocurrency.

“It’s amazing how well the ecosystem is developing and holding up,” said Hoskinson. “It’s on its way to be the first true 4th generation cryptocurrency and bring in a new era to our industry.”

Days after NIGHT’s launch, a flurry of exchanges announced the listing of the cryptocurrency, with Bybit and OKX leading the way. Furthermore, Bitpanda, MEXC, Gate.io,  KuCoin, and HTX also confirmed support for NIGHT in the days following the launch.

Apart from the avalanche of exchange support, the Midnight team has confirmed a streak of partnerships in recent days. Midnight announced an alliance with Creditcoin to prove identities without sacrificing privacy, building on a previous collaboration with Google Cloud.

In the lead-up to the launch, Midnight’s Glacier Drop emerged as the largest crypto airdrop, with the project distributing 24 billion NIGHT tokens. Phase 2 of the Glacier Drop attracted even larger numbers for Midnight, underscoring the growing need for privacy-focused projects.

“3 million views in 9 days! Midnight will be a beast,” said Hoskinson, following an avalanche of views on a YouTube video introducing Midnight as the Fourth Generation of Cryptocurrency.

At press time, NIGHT is trading at $0.064, with its market cap pegged at $1 billion. Daily trading volume has surged to reach $1.6 billion as holders brace for a near-term price rally. Meanwhile, Cardano (ADA) has recorded considerable growth, climbing by 2% over the last day.