Charles Hoskinson Reveals Cardano’s Glacier Midnight Airdrop Details, ADA Price Could Hit $2?

Updated

May 16, 2025

Gambar Charles Hoskinson Reveals Cardano’s Glacier Midnight Airdrop Details, ADA Price Could Hit $2?

Jakarta, Pintu News – Cardano founder Charles Hoskinson announced the upcoming Midnight launch and Glacier airdrop at the Consensus 2025 event.

This fundamental development reinforces Cardano’s technical aspects predicting that the ADA price will reach the $2 target in the near future.

Details of Glacier Airdrop & Midnight at Consensus 2025

At the Consensus 2025 event, Cardano founder Charles Hoskinson explained details about the Midnight upgrade and the upcoming Glacier airdrop.

Midnight, which is a privacy-focused sidechain, will launch alongside Glacier’s massive airdrop, which will distribute Midnight tokens to 37 million wallets across eight different blockchains.

Hoskinson states:

“Instead of doing an ICO or seeking venture funding, I will use my own personal funds to build, release, complete this project, and airdrop to those eight blockchains.”

This statement demonstrates the airdrop’s approach of focusing on retail users, in order to promote decentralization and interoperability across blockchains.

Hoskinson also highlighted Midnight’s flexible economic model and ability to integrate with various smart contract systems, saying:

“If you’re an Ethereum user or developer, you use Ether for transactions. Likewise, Solana uses SOL, or Bitcoin, and so on.”

If the launch is successful, Midnight has the potential to expand Cardano’s developer community, encourage a larger influx of capital, as well as increase network activity. This major technical reform could also drive a surge in ADA prices in the next few months.

Cardano Price Predicted to Mimic 2020’s Sharp Rise

In his latest tweet, Dan Gambardello revealed that the risk model from Crypto Capital Venture (CCV) shows a potential parabolic rise for Cardano.

Cardano getting ready to leave the station

CCV $ADA Risk Model now at a 42 score (hold)

Seat buckles on… pic.twitter.com/aiLWPAYyxG
— Dan Gambardello (@cryptorecruitr) May 13, 2025

The indicator recorded a score of 42 for ADA-a number last seen before the big surge at the end of 2017 and 2020. If historical patterns repeat themselves, Cardano’s price could potentially experience a similar large rally.

Currently, ADA is trading at $0.789. However, the upbeat score from CCV’s risk model, coupled with the launch of Midnight by Hoskinson, could be a strong driver for the next bull run for ADA.

Important Levels to Pay Attention to

The price of Cardano (ADA) had plummeted 92% from its record high of $3.0998 to a low of $0.2348 by the end of 2023.

Since then, ADA has surged by 233%, making many investors start considering their exit strategies. Here are the key levels to keep an eye on, especially as CCV’s risk model predicts a potential big bull run.

Based on Fibonacci level analysis, the midpoint of the price drop is at the 0.50 line at $1.6673. The market price below the 0.50 line is considered a discount zone, while if it goes beyond this point, the price enters the premium zone.

In this premium zone, investors can start taking profits at important levels such as the 0.62 line at $2.0111 and the 0.70 line at $2.25.

With Charles Hoskinson continuing to push the Midnight launch and the Glacier Airdrop that will distribute rewards to 37 million wallets, the Cardano ecosystem is gearing up for a major transformation.

In addition, the positive signals from the CCV risk model and ADA’s price position still in the discount zone indicate a strong chance of a rally towards the $2 price target.

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