Midnight price: NIGHT nearly doubles in a week as the v8 upgrade nears

Midnight (NIGHT), the token of the privacy chain built around Cardano, traded at about $0.049 on Sunday morning, October 4, 2026 (according to CoinGecko). That is a gain of around 91 percent over seven days and around 125 percent over 30 days. NIGHT stands at its highest level in six months, and it got there in a week in which Cardano itself lost about five percent.

What is behind the rally

The trigger is a technical one. Midnight CTO Sebastien Guillemot presented the next release, v8, on September 19. It will let developers create private contracts on Midnight and issue private tokens of their own. Midnight Node 1.0.3 followed on September 26, which Guillemot called the last major technical release before that launch. He regards a further stage, v9, in which contracts can work with one another, as possible before the end of the year, U.Today reports.

On top of that comes a recovery from a deep fall. In July 2026, around 515 million NIGHT were stolen through a flaw in the bridge between Cardano and BNB Chain that Wanchain operates, worth about $13 million at the time, as CoinGape sums up. On July 20, NIGHT marked its low to date at around $0.015 (CoinGecko). The price has more than tripled since.