Midnight Cryptocurrency Surges 86% Amid Smart Contract Rollout
Midnight's native cryptocurrency $NIGHT has been on an impressive rally, rising for eight consecutive days and gaining 86% over the last seven days. The price increase began on September 24 from a low of $0.022, with Wednesday and Thursday posting large green candlesticks and reaching a high of $0.048 at press time.
The sustained advance has put $NIGHT among the notable performers in the broader crypto market, despite a wider selloff that saw most cryptocurrencies trading in the red. In fact, privacy tokens Zcash and Monero were down 5.44% and 1.06% in the last 24 hours, while Cardano was down 3.23%.
The rally comes as Midnight moves deeper into its smart-contract rollout. CTO Sebastien Guillemot recently shared some good news on the coming Midnight release and follow-up composability upgrade. According to Guillemot, the upcoming smart contract deployment release (v8) will enable private contracts, with composability (v9) coming after.