How Big Could Midnight Become if it Were Listed on Coinbase?
The post How Big Could Midnight Become if it Were Listed on Coinbase? appeared on BitcoinEthereumNews.com.
Midnight (NIGHT) has attracted massive trading volume in December. Many investors expect the price uptrend to continue. Although the price has corrected about 30% from its recent peak, several factors lead traders to believe NIGHT could still surge. Sponsored Sponsored Why do investors believe Coinbase and Binance will list NIGHT soon? Binance Alpha supports Midnight (NIGHT) through its airdrop distribution. CoinMarketCap data shows that more than 61% of NIGHT’s trading volume comes from Binance Alpha. As a result, investors believe Binance’s official spot listing of NIGHT is only a matter of time. Beyond that, some investors also expect Coinbase to list NIGHT. The main reason is the sharp rise in NIGHT’s trading volume in recent weeks. Midnight (NIGHT) Price and Trading Volume. Source: Coingecko. Coingecko data shows that from its initial listing on December 9, when volume was only $130 million, NIGHT’s spot trading volume surpassed $5 billion by December 23. This level of volume even exceeded the combined trading volume of SOL, XRP, and BNB. Sponsored Sponsored Typically, airdropped tokens see high volume shortly after listing due to selling pressure. NIGHT shows the opposite pattern, as investor accumulation has strengthened over time. “Reason #1 Coinbase should list $NIGHT: Massive trading volume. NIGHT has recorded billions in daily volume since launch. It recently reached the global top 10 with over $3 billion in 24-hour trades on major exchanges. Institutional and retail interest in privacy technology is booming,” investor Josh said. When an exchange lists a high-volume altcoin, it benefits from trading fees generated by that asset. Charles Hoskinson, the founder of Cardano, estimates that Coinbase could be losing around $20 million per year in trading fees by not listing NIGHT. With a market capitalization exceeding $1.4 billion, NIGHT currently ranks among the top 75 cryptocurrencies. Investors predict that listings on…
