Charles Hoskinson, the founder of Cardano, has unveiled exciting details regarding the Midnight Glacier Airdrop, a significant development for the Cardano network that could propel the ADA price to new heights. According to Hoskinson’s announcement at Consensus 2025, the Midnight upgrade will include a massive Glacier Airdrop aimed at distributing tokens to 37 million wallets across eight different blockchains—excluding venture capitalists.
Midnight Glacier Airdrop: A Retail-Focused Approach
At the highly anticipated Consensus 2025 event, Hoskinson shared his plans for the Midnight rollout, which is set to introduce a privacy-focused sidechain to the Cardano network. The Glacier Airdrop will distribute Midnight tokens to a wide range of users, prioritizing decentralization and broad community participation.
Instead of conducting an Initial Coin Offering (ICO) or relying on venture capital funding, Hoskinson emphasized that he would self-finance the project, highlighting his commitment to retail adoption and cross-chain interoperability. He stated:
“I will spend my own money, build it, release, finish, and do an airdrop to these eight different chains.”
Hoskinson also pointed out the flexibility of Midnight, which is designed to be interoperable with multiple smart contract systems, including Ethereum, Solana, and Bitcoin. This move could greatly expand Cardano’s developer base and increase network activity by attracting a broader range of users from various blockchain ecosystems.
Cardano’s Price Potential: Aiming for $2
The timing of the Midnight upgrade coincides with optimistic signals from Crypto Capital Venture’s (CCV) risk model, which currently shows a score of 42 for Cardano. This score is significant because it mirrors the score observed just before Cardano’s bull runs in 2017 and 2020, suggesting that a parabolic rise in ADA’s price could be on the horizon.
Currently trading at $0.789, ADA’s price has already experienced a 233% increase from its 2023 low, and with the Glacier Airdrop and the CCV model’s bullish forecast, ADA could be poised for a major breakout.
Key Price Levels to Watch
Cardano’s price has faced significant volatility, crashing 92% from its all-time high of $3.10 to $0.23 in late 2023. However, the cryptocurrency has since shown remarkable recovery, making investors wonder what to expect next.
Based on Fibonacci retracement levels, ADA’s discount zone currently sits below the 0.50 line at $1.667, while crossing over this line would signal a transition into a premium zone. If ADA continues its upward momentum, key profit-taking levels would be $2.01 (at the 0.62 level) and $2.25 (at the 0.70 level).
Midnight and Glacier Airdrop Set to Transform Cardano
With the Midnight sidechain rollout and the Glacier Airdrop set to reward millions of users, Cardano’s ecosystem is undergoing a major transformation. The retail-focused approach and cross-chain interoperability are likely to drive new inflows, potentially setting the stage for ADA’s next big price rally—possibly pushing the price toward the $2 mark in the coming months.
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