Midnight Soars 13% as Hoskinson Predicts it Could Outshine Zcash

Midnight (NIGHT) has been on a tear, surging 13% in recent days to reach a two-month high of $0.033.

The altcoin's price hike was backed by strong buying activity, with spot volume climbing 50% to $54 million and daily turnover rising $26 million.

The momentum is partly due to Charles Hoskinson's prediction that Midnight could become bigger than Zcash, which sparked a heated debate in the crypto community.

However, not everyone is convinced. DeFi Warhol argued that Midnight would struggle to close the gap with Zcash, given its 10-year head start and significantly higher liquidity.