$NIGHT Token Undervalued by $5 Billion, Says Crypto Analyst Dan Gambardello

Crypto analyst Dan Gambardello believes Midnight's token, $NIGHT, is undervalued by roughly $5 billion.

Gambardello, founder of Crypto Capital Venture, points out that Midnight does not need to become Bitcoin to justify a larger valuation. Instead, he thinks the market could treat it as a programmable privacy platform alongside established assets like Zcash and Monero.

Zcash and Monero have market caps of around $27 billion and $10.5 billion respectively, while $NIGHT's market cap is approximately $452 million with a total supply of 24 billion tokens.

Gambardello's argument centers on the size of the existing privacy market, which he believes has yet to price Midnight alongside other established assets.