NIGHT (Midnight) rose 33.25% over 24 hours, with a market capitalization of approximately $1.742 billion.

Gate News Bot news, on December 22, according to CoinMarketCap, as of the time of writing, NIGHT (Midnight) is currently priced at $0.10, with a rise of 33.25% in 24 hours, reaching a high of $0.12 and a low of $0.05. The 24-hour volume has reached $6.837 billion. The current market capitalization is approximately $1.742 billion, an increase of $435 million compared to yesterday, ranking 42nd globally in market capitalization.

Midnight is a fourth-generation blockchain built for rational privacy. The network is dedicated to restoring the original promise of cryptocurrency, allowing users to avoid choosing between utility and privacy. Midnight's architecture enables everyone to verify the truth while not exposing personal data.

In terms of free association, the NIGHT network offers an unmonitored connection experience—users can have their voting rights and maintain ballot privacy, prove personal identity while keeping data off-chain, and gain reputation across DApps while leaving wallet history. In terms of free commerce, Midnight supports the flow of assets on-chain without monitoring, submits competitive bids while protecting valuation models, and receives global payments without disclosing value information. In terms of free expression, users can verify data sources while protecting metadata, validate content through encryption without sharing data, and sign official communications while preventing impersonation and fraud.

Midnight uses the TypeScript-based smart contract language Compact, reducing the learning curve for cryptography and accelerating the development lifecycle and adoption opportunities for millions of developers worldwide.

Important News about NIGHT Recently:

1️⃣ Gate's global debut and Launchpool continue to attract market attention NIGHT was launched on December 9th on Gate for spot trading, with the first day's trading volume exceeding $320 million and the total market capitalization quickly surpassing $1.2 billion, achieving a nearly 200% rise within the first week. The concurrent 344th period of Launchpool runs from December 9th to December 23rd, allowing users to participate in mining by staking ETH, GUSD, or NIGHT to share 1.25 million tokens. In addition, Gate's Yubi Treasure launched a 180-day fixed-income product for NIGHT, with an annualized yield of 50% and a total limit of 10 million tokens. The flash exchange platform has also gone live, supporting one-click exchanges of NIGHT with over 2,200 cryptocurrency assets. The liquidity support from the launch exchange and multi-dimensional ecological services have strengthened investors' recognition of the project's long-term value, creating sustained market appeal.

2️⃣ The privacy track heats up as the core macro narrative support The narrative around privacy coins has rapidly heated up since October, against the backdrop of the EU's plan to ban exchanges from listing privacy coins starting in 2027 and the controversies surrounding the “Chat Control Act,” leading to a swift expansion in demand for decentralized privacy infrastructure. In the past two months, Zcash has surged tenfold against regulatory pressure, while the total volume of privacy coins like Dash, Monero, Railgun, and Decred once approached $3 billion. As a privacy-first L1 public blockchain within the Cardano ecosystem employing zero-knowledge proof technology, NIGHT is at a critical point of market sentiment shift. The overall warming of the privacy sector provides ample macro narrative support, prompting a capital allocation shift from merely anonymous tools to more advanced privacy network architectures.

3️⃣ Market Heat Ranking Continues to Release Strong Demand Signals NIGHT ranked first in global popularity on December 11, second on December 14, and second again on December 21, consistently placing among the top trending cryptocurrencies worldwide. This sustained high ranking directly reflects the broad attention and willingness of investors to participate in the project. High-ranking popularity often accompanies increased search volume and trading activity, laying a demand foundation for price rise and promoting the market's rotation allocation towards the privacy sector.

This message is not intended as investment advice; investors should be aware of market volatility risks.