Will Cardano Price Rebound as Hoskinson Hints at a TVL Surge After Midnight Launch?

Cardano price has been one of the top laggards during the ongoing crypto market crash. ADA trades at $0.4100, its lowest point in over a year, and 70% below its highest level in December last year. So, will the coin rebound as Charles Hoskinson hints of a surge in its DeFi total value locked?