Midnight (NIGHT) is drawing attention with record trading volume in December. A significant portion of investors expects the price increase to continue.
Although the price has corrected about 30% from its last peak, many factors are strengthening the expectation among traders that NIGHT could see a new rise.
Why do investors believe that Coinbase and Binance will soon list NIGHT?
Binance Alpha supports the project with its airdrop distribution for Midnight (NIGHT). According to CoinMarketCap data, over 61% of NIGHT's total trading volume comes from the Binance Alpha channel.
Therefore, investors believe that the official spot listing of NIGHT on Binance is just a matter of time.
In addition, some investors are also expecting Coinbase to list NIGHT. The reason is the significant increase in NIGHT trading volume in recent weeks.
According to Coingecko, the trading volume on the first listing date of NIGHT, December 9, was only 130 million dollars, while on December 23, the spot trading volume surpassed 5 billion dollars. This trading volume even outperformed the total volume of SOL, XRP, and BNB.
Tokens that are generally distributed via airdrop often see high volumes accompanied by selling pressure after being listed. However, the situation with NIGHT is the opposite: the tendency for investors to accumulate has strengthened over time.
Investor Josh stated: ‘The number one reason for Coinbase to list NIGHT: Huge trading volume. Since its inception, NIGHT has been on our radar with a daily trading volume of billions of dollars. Recently, it secured its place among the top 10 coins with over 3 billion dollars in daily trades. Both institutional and individual investors' interest in privacy technologies is at its peak,’ he said.
One of the main advantages when a major cryptocurrency exchange lists a high-volume altcoin is the significant revenue generated from the transaction fees. According to Cardano's founder, Charles Hoskinson, Coinbase may be losing around 20 million dollars in transaction fees annually just because it hasn't listed NIGHT.
With a market value exceeding 1.4 billion dollars, NIGHT is currently among the top 75 cryptocurrencies. Investors suggest that with new listings on major exchanges, NIGHT could enter the top 20. If this happens, NIGHT's market value could reach approximately 10 billion dollars. In short, all eyes will be on the moves of major exchanges!
Although the price has recently corrected from 0.11 dollars to 0.07 dollars, analysts consider this movement a healthy pullback before a new rally.
On the other hand, Midnight plans to hold various promotional events in Japan during the first two months of 2026. These events are expected to attract new individual investors to NIGHT.
However, from another perspective, much of the current optimism may already be reflected in the NIGHT price. This means that new listings could create profit-taking and liquidity opportunities for early investors, rather than driving the price up.
