Gokhshtein Sees Midnight Token NIGHT Following Zcash's Explosive Rally Path

Crypto commentator David Gokhshtein has reiterated his bullish outlook on Midnight's native token NIGHT, suggesting that it could follow a growth trajectory similar to Zcash (ZEC).

Gokhshtein made the comment in a recent X post, saying 'NIGHT could pull a ZEC', while highlighting both projects' different approaches to blockchain privacy.

Zcash built its reputation around private payments, whereas Midnight aims to bring privacy to smart contracts and decentralized applications through zero-knowledge proofs.

Gokhshtein emphasized that zero-knowledge technology allows users and businesses to verify information without publicly revealing the underlying data, which he believes is crucial for blockchain adoption.

The token has surged from an intraday low of $0.03384 to $0.04452, representing a gain of 31.6%, but Gokhshtein views privacy as a significant opportunity for Midnight, and its ability to execute its vision will ultimately determine how much value NIGHT can capture.