Founder Signals Long-Term Opportunity in Cardano DEXes as Price Consolidation Persists

Following the recent airdrop of the Midnight (NIGHT) token, Cardano founder Charles Hoskinson addressed concerns from ADA holders about whether they should sell their ADA for NIGHT. He argued that such a move is misguided, emphasizing the unique role of Midnight within Cardano's ecosystem.

Solana (SOL) is experiencing significant pressure as it struggles to maintain its price above critical support levels, currently trading in the low-$120 range following a sharp decline of 39% in the fourth quarter of 2025. Despite steady inflows into investment products, the cryptocurrency's network activity has decreased, leading to a divided market sentiment regarding its future.

Cardano (ADA) continues to experience significant bearish pressure, with its price drifting toward a new yearly low, reflecting a persistent downtrend that has seen the cryptocurrency struggle to maintain its value. Recent technical indicators suggest a risk of further declines, potentially dropping to $0.30, as market sentiment remains negative.

The cryptocurrency market is experiencing significant downturns, with Cardano-based NIGHT token crashing from an initial value of $150 to just $0.02, alongside declines in Zcash (ZEC) and Monero (XMR). Most tokens launched this year are now trading below their initial valuations, indicating a troubling trend in the market.