Midnight (NIGHT) attracted significant trading volume in December. Many investors expect the upward trend to continue.
Although the price has corrected by about 30% from its most recent peak, there are still many factors that lead traders to believe that NIGHT could rise even more sharply.
Why do investors believe Coinbase and Binance will soon list NIGHT?
Binance Alpha supports Midnight (NIGHT) through an Airdrop distribution. According to CoinMarketCap data, over 61% of NIGHT's volume comes from Binance Alpha.
Therefore, many investors believe that it is only a matter of time before NIGHT is officially listed on Binance's spot exchange.
In addition, some investors are expecting Coinbase to list NIGHT. The main reason is the surge in NIGHT's volume in recent weeks.
Midnight (NIGHT) price and volume . Source: Coingecko .According to data from Coingecko, from its initial listing date of December 9, 2024, when the volume was only $130 million, the spot volume of NIGHT exceeded $5 billion by December 23, 2024. This volume even surpassed the combined volume of SOL, XRP, and BNB .
Typically, Token that are Airdrop experience high volume immediately after listing due to selling pressure. However, NIGHT behaved in the opposite way, with investors accumulating more and more tokens over time .
“Reason #1 why Coinbase should list $NIGHT: Massive volume . NIGHT has seen billions of dollars traded daily since its launch. Recently, the Token entered the global top 10 with over $3 billion traded in just 24 hours on major exchanges. Institutional and retail investor interest in security technology is booming,” investor Josh Chia .
When an exchange lists a high-volume altcoin, it earns transaction fees from that asset. Charles Hoskinson, the founder of Cardano, estimates that Coinbase may be missing out on approximately $20 million annually in transaction fees simply because it hasn't listed NIGHT.
With a market Capital exceeding $1.4 billion, NIGHT is currently among the top 75 largest cryptocurrencies. Investors predict that if listed on major exchanges, NIGHT could enter the top 20, equivalent to a market Capital of approximately $10 billion.
Although the price has recently corrected from its peak of $0.11 to $0.07 , analysts still consider this a healthy accumulation phase, preparing for the next price increase.
Furthermore, Midnight is preparing a chain of promotional events in Japan during the first two months of 2026. These activities could help NIGHT attract more new retail investors.
However, from another perspective, this expectation may already be reflected in the current NIGHT price. Therefore, the new listing may not necessarily lead to a further sharp price increase, but mainly create liquidation for investors who want to take profits early.
