The Cardano network faces a defining period in early December 2025, with market participants closely watching for fundamental catalysts that could determine its near-term trajectory. While on-chain activity shows notable growth, the price of its native token, ADA, has remained in a holding pattern.
Treasury Allocation and Technical Focus
A significant shift in strategy was underscored by a landmark community vote on December 3. Stakeholders approved the release of 70 million ADA, valued at approximately $30 million, from the project’s treasury. This capital is earmarked not for marketing initiatives, but to directly address perceived gaps in the ecosystem, specifically concerning stablecoins, oracles, and blockchain bridges. This move towards bolstering core technical competitiveness against other Layer-1 networks has already correlated with an increase in transaction volumes and active wallet addresses.
Midnight Protocol Token Launch in Focus
A central element of the current market anticipation is the upcoming launch related to the Midnight privacy protocol. The associated NIGHT token has already been minted as a native asset on the Cardano blockchain. Major cryptocurrency exchanges, including OKX, Gate.io, and Bybit, are scheduled to commence trading for NIGHT on Tuesday, December 9. Investors should note that the mainnet for the privacy-focused protocol itself is not slated until 2026; the current token listing primarily facilitates preparatory governance and market activity.
Should investors sell immediately? Or is it worth buying Cardano?
The immediate schedule is set to provide clear directional signals. Market reception to the NIGHT listings on December 9 will be a key watchpoint, followed by the activation of the token redemption event, known as the “Glacier Drop,” on December 10. Analysts are observing whether these fundamental developments will allow ADA to decouple from its typical correlation with broader Bitcoin price movements.
ADA Price Action in a Holding Pattern
From a technical perspective, ADA’s price has been consolidating around the $0.44 level, relinquishing a portion of its recent gains. Market observers often interpret this phase of compressed volatility as a precursor to a potential breakout. The immediate technical focus rests on the resistance zone near $0.48. A sustained move above this threshold is widely viewed by analysts as a necessary condition for a recovery rally toward the $0.60 region. For now, a cautious stance prevails as the market awaits the impact of the new liquidity and developments scheduled for the coming days.
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