In 24 hours, $NIGHT gained 7%. The price of $NIGHT hit a local high over $0.086323. The aggregated capitalization of $NIGHT jumped past $1.4 billion.
The token is only outperformed by Zcash ($ZEC), the flagship coin of the Q4, 2025 privacy crypto season. $ZEC's price surged by 13.8% and hit $508.
Canton Network (CC), an RWA-focused blockchain, saw its token posting similar gains. On ultra-low trading volume, the capitalization of CC exceeded $4 billion.
As covered by U.Today previously, Midnight Network, launched on mainnet this December, is an EVM-compatible privacy-centric spin-off of Cardano ($ADA), a veteran PoS blockchain.
The blockchain is designed to meet the increased interest in private DeFi as well as the interoperability between Cardano's UTXO design and EVM blockchains.
$ZEC, $XMR in green: Privacy coins rally is back?
Cardano ($ADA) founder Dr. Charles Hoskinson is betting big on Midnight, comparing it to the "Manhattan project" of crypto.
All top-five cryptocurrencies are down today. The aggregated capitalization of the crypto market has all chances to drop below $3 trillion.
By contrast, privacy coins like Zcash ($ZEC) and Monero ($XMR) are gaining traction. It is interesting that both are rivals for the 22nd largest cryptocurrency position.
ZCash ($ZEC), Monero ($XMR) and some smaller cryptos like COTI, TORN, RAIL were catalyzed by the "privacy rally" momentum in the last months of 2025.
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