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CryptoMediumUpdated•Originally published 27 March 2026•Updated 28 March 2026•

1 min read

Charles Hoskinson Promotes Midnight Project Following Major UK Bank Partnership

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Key Facts

1Cardano founder Charles Hoskinson labeled the Midnight project as a "next-generation cryptocurrency."

2 months ago

Version History

1 additional source confirmed this story

Version 12 months ago

What changed: Updated to include ADA's price stagnation below $0.30, its slip in market cap rankings to 12th place, and speculative price predictions from retail traders.

Cardano founder Charles Hoskinson has introduced the Midnight project as a "next-generation cryptocurrency" following a strategic partnership with UK-based digital bank Monument to tokenize £250 million in deposits. Despite this institutional milestone in real-world asset (RWA) utility, the native token ADA has struggled to gain momentum, remaining stagnant below the $0.30 mark for several weeks. This lackluster price action has caused Cardano's market capitalization ranking to slip to 12th place among global cryptocurrencies. The divergence between ecosystem development and market performance has fueled debate regarding whether new projects like Midnight are diluting ADA's value. Adding to the volatility of sentiment, some retail traders are making bold claims, including a prediction of a 695% price surge to $2 within less than a week. Market participants continue to weigh these highly speculative forecasts against the current bearish technical setup and shifting competitive landscape.