Midnight price: NIGHT nearly doubles in a week as the v8 upgrade nears

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The token of Cardano's privacy chain Midnight has nearly doubled within seven days and stands at its highest level in six months, driven by the announced launch of smart contracts. What lies behind the move and what Cardano holders with claims from the Glacier Drop should know now.Midnight (NIGHT), the token of the privacy chain built around Cardano, traded at about $0.049 on Sunday morning, October 4, 2026 (according to CoinGecko). That is a gain of around 91 percent over seven days and around 125 percent over 30 days. NIGHT stands at its highest level in six months, and it got there in a week in which Cardano itself lost about five percent. What is behind the rally The trigger is a technical one. Midnight CTO Sebastien Guillemot presented the next release, v8, on September 19. It will let developers create private contracts on Midnight and issue private tokens of their own. Midnight Node 1.0.3 followed on September 26, which Guillemot called the last major technical release be...