How big could Midnight be if it listed on Coinbase?
Midnight (night) attracts the highest volume of business in December. Many investors expect the rate hike to continue.
Although the price has corrected about 30% from its recent high, several factors lead traders to believe that the evening may still rise.
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Why do investors believe Coinbase and Binance will list NIGHT soon?
Binance Alpha supports midnight (NIGHT) via its airdrop distribution. CoinMarketCap data shows that more than 61% of the night's trading volume came from Binance Alpha.
As a result, investors believe that Binance's official nightspot listing is only a matter of time.
Beyond that, some investors expect Coinbase to list overnight. The main reason is that night trading has increased significantly in recent weeks.
From its initial listing on Dec. 9, when the volume was just $130 million, overnight spot trading volume surpassed $5 billion on Dec. 23, according to Koingeco data. This volume also exceeds the combined trading volume of SOL, XRP and BNB.
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Typically, airdropped tokens see high volume shortly after listing due to selling pressure. Overnight shows the opposite pattern as investors' stocks are getting stronger from time to time.
“Reason #1 Coinbase should list $NIGHT: Huge trading volume. NIGHT has recorded billions of daily volumes since its inception. It recently reached the top 10 worldwide with over $3 billion in 24-hour transactions on major exchanges. Institutional and retail interest in privacy technology is growing,” said investor Josh.
When a currency lists a large amount of altcoin, it benefits from trading fees generated by the asset. Cardano founder Charles Hoskinson estimates that Coinbase could lose $20 million in transactions annually by not listing on the nightly list.
With a market capitalization of over $1.4 billion, NIGHT is currently ranked among the top 75 cryptocurrencies. Investors predict that listings on major exchanges could push NIGHT into the top 20. This scenario represents a market capitalization of around $10 billion.
Although the price has recently corrected from $0.11 to $0.07, analysts still see this move as a healthy reversal ahead of the next rally.
In addition, Midnight plans a series of promotional events in Japan for the first two months of 2026. These events are likely to attract more retail investors into the night.
But, from another point of view, much of this optimism may already be priced out overnight. As a result, new listings may not drive up prices, but instead provide cash flow for early buyers to capitalize on.
