Cardano reached another major milestone, while its privacy-focused partner chain Midnight continues to evolve.<\/p>\n
However, ADA remains heavily suppressed amid the overall market downfall, and the recent whale activity suggests a deeper pullback may be on the way.<\/p>\n
Earlier this month, several X users noted<\/a> that Cardano\u2019s epoch 666 had begun, drawing attention because of the number\u2019s biblical symbolism. In the Book of Revelation, this is associated with the \u201cnumber of the beast,\u201d leading some community members to view the milestone as noteworthy and somewhat amusing in the project\u2019s history.<\/p>\n However, in reality, this was just a standard procedure from a technical standpoint. Cardano organizes its operations into so-called epochs, which are five-day periods consisting of 432,000 one-second slots. They help structure the overall activity, including transaction processing, rewarding, and staking. Once an epoch ends, the blockchain seamlessly moves on to the next one.<\/p>\n Latest data shows<\/a> that epoch 666 was successfully completed on November 10, and the network is currently progressing through epoch 667, which is expected to conclude on November 15.<\/p>\n Cardano\u2019s privacy-focused partner chain, designed to let users keep sensitive data private without sacrificing security or compliance, has also taken center stage lately.<\/p>\n X user ALLINCRYPTO revealed<\/a> that the network has launched a major mainnet upgrade, bringing powerful new privacy features to the Cardano ecosystem.<\/p>\n \u201cThe Ledger 9 upgrade enables private asset transfers and more advanced smart contracts, while the network has already surpassed 1.7 million transactions,\u201d he said.<\/p>\n Midnight officially saw the light of day in March this year, with NIGHT serving as its utility token. The latter\u2019s price has defied the latest market pullback, rising 11% over the last two weeks and currently trading around $0.045. Not long ago, Cardano\u2019s founder Charles Hoskinson claimed<\/a> that NIGHT can \u201cabsolutely\u201d flip ADA.<\/p>\n \u201cIf Midnight grows, I think it\u2019s going to grow Cardano considerably, because it\u2019s going to bring a ton of new people into Cardano. I don\u2019t see a reality where Midnight grows in spite of Cardano stagnating. I think there\u2019s a rising tide effect,\u201d he added.<\/p>\n Unlike NIGHT, Cardano\u2019s native token has been negatively affected by the red wave sweeping through the broader cryptocurrency market. As of press time, it is worth roughly $0.176, down 28% over the past month.<\/p>\n Meanwhile, whales (wallets holding between 10 and 100 million ADA) have supposedly offloaded<\/a> 50 million coins between November 4 and November 10.<\/p>\n Such a selling spree floods the market with extra supply, which naturally drags the price down if demand doesn\u2019t rise to match it. Additionally, it signals that the big players have started losing confidence in the asset, potentially prompting retail investors to panic and cash out as well.<\/p>\n The post Important Cardano News and ADA Price Update: November 12<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Cardano reached another major milestone, while its privacy-focused partner chain Midnight continues to evolve. However, ADA remains heavily suppressed amid the overall market downfall, and the recent whale activity suggests a deeper pullback may be on the way. The Symbolic Achievement Earlier this month, several X users noted that Cardano\u2019s epoch 666 had begun, drawing […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-250598","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250598"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=250598"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250598\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=250598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=250598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=250598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Midnight\u2019s Advancement<\/h2>\n
ADA Price Outlook<\/h2>\n