Investors Expect Midnight to Enter the Top 20 if Binance and Coinbase List

Core Insights - Midnight (NIGHT) has seen significant trading volume in December, with expectations for continued price uptrend despite a recent 30% correction from its peak [1][6] Group 1: Trading Volume and Market Activity - NIGHT's trading volume surged from $130 million at its initial listing on December 9 to over $5 billion by December 23, surpassing the combined trading volume of SOL, XRP, and BNB [3] - The token has recorded over $3 billion in 24-hour trades on major exchanges, placing it among the global top 10 cryptocurrencies [4] - More than 61% of NIGHT's trading volume is attributed to Binance Alpha, leading to speculation about an official listing on Binance [2] Group 2: Exchange Listings and Financial Implications - Analysts predict that listings on major exchanges like Coinbase and Binance could elevate NIGHT's market capitalization from over $1.4 billion to around $10 billion, potentially placing it in the top 20 cryptocurrencies [6] - Charles Hoskinson estimates that Coinbase could be missing out on approximately $20 million in annual trading fees by not listing NIGHT [5] Group 3: Investor Sentiment and Future Outlook - Investor accumulation of NIGHT has strengthened over time, contrasting with typical patterns seen in airdropped tokens, which usually experience selling pressure shortly after listing [3] - Despite the recent price correction from $0.11 to $0.07, analysts view this as a healthy pullback ahead of a potential rally [6]