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

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 before that launch. He regards a further stage, v9, in which contracts can work with one another, as possible before the end of the year, U.Today reports.

On top of that comes a recovery from a deep fall. In July 2026, around 515 million NIGHT were stolen through a flaw in the bridge between Cardano and BNB Chain that Wanchain operates, worth about $13 million at the time, as CoinGape sums up. On July 20, NIGHT marked its low to date at around $0.015 (CoinGecko). The price has more than tripled since.

Midnight price: the levels on the chart

NIGHT has only been trading since December 2025. The record high came on December 9, 2025 at $0.1185, almost two and a half times today's level (CoinGecko). With the gains of the past few days the price is back above its 200-day moving average (around $0.034) for the first time in months, and well above the 50-day average (around $0.026), both calculated from CoinMarketCap daily closes.

Around $0.053 is the level on the upside, the high of the 24 hours into Sunday morning (CoinGecko). Above it, the next levels do not come until around $0.06, where NIGHT traded in the spring.

Around $0.039 and $0.034 are the levels on the downside. NIGHT closed at $0.038 to $0.039 on September 29 and 30, shortly before the price jumped above $0.048. The 200-day moving average runs at around $0.034.

Around $0.024 is the zone in which NIGHT moved in the second half of September. A fall back there would wipe out the whole of last week's advance.

What Glacier Drop participants need to know

For many Cardano holders NIGHT is not a token they bought but an allocation from the Glacier Drop. Those claims thaw in four tranches, and each one has to be collected in the portal by the holder. The thawing ends on December 4, 2026, after which a 90-day grace period applies; the details are in our guide to redeeming NIGHT. Anyone who has not yet collected their tranches should not miss the deadline, all the more now that the value has risen.

The thawing also has a flip side for the price: according to CoinGecko, around 16.6 billion of 24 billion NIGHT are in circulation. Every tranche that is collected can bring additional supply to the market if recipients sell after the rally. For custody a wallet that supports Cardano and Midnight is enough; which ones are suitable is shown by our comparison of software wallets.

Midnight: The key points for your decision

Three points sum up the situation. First: the rally has a cause that can be named, the announced launch of private smart contracts. Second: NIGHT is coming off a very low base after July's bridge hack, and a price that almost doubles in a week can fall back just as fast. Third: anyone holding claims from the Glacier Drop should collect their tranches in good time.

Gains on NIGHT held for less than a year are taxable on sale in Germany once the annual allowance of 1,000 euros is exceeded. How allocated tokens are assessed for tax purposes depends on the individual case. Crypto assets fluctuate heavily and a total loss is possible. This article is not a recommendation to buy or sell NIGHT.

(As of October 4, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)