Investors Expect Midnight to Enter the Top 20 if Binance and Coinbase List
Investors anticipate Midnight (NIGHT) could enter the top 20 cryptocurrencies if listed on major exchanges like Binance and Coinbase.Summary
Midnight (NIGHT) has seen massive trading volume in December, leading investors to believe its price uptrend will continue despite a recent 30% correction. Optimism for a listing on Binance stems from its support for NIGHT via airdrop distribution, with over 61% of its volume coming from Binance Alpha. Furthermore, investors expect a Coinbase listing due to NIGHT's sharp trading volume surge, which surpassed $5 billion by December 23, even exceeding the combined volume of SOL, XRP, and BNB at one point. Charles Hoskinson, Cardano's founder, estimates Coinbase could lose $20 million annually in trading fees by not listing NIGHT. Currently ranked in the top 75 with a market cap over $1.4 billion, investors predict major exchange listings could propel NIGHT into the top 20, implying a $10 billion market cap. However, some analysts caution that this optimism might already be priced in, suggesting new listings could primarily facilitate profit-taking for early buyers.
(Source：BeInCrypto)