Charles Hoskinson, founder of Cardano, predicts that Midnight will surpass Zcash in size, despite a considerable valuation gap between the two projects. NIGHT is currently trading near $0.0269, with major resistance at $0.028, while additional resistances stand at $0.030 and $0.033. Midnight’s market cap stands at approximately $443 million compared to $26.2 billion for Zcash, representing a 59-fold factor separating the two protocols. Both assets exhibit a strong 20-day correlation of 0.87, indicating similar price movements, but Midnight’s selective privacy concept distinguishes it from Zcash. NIGHT must break through the $0.028 threshold to continue its progress within a broader down channel.
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