# Midnight (NIGHT) — crypto price, market cap and strength versus Bitcoin

> Midnight trades at $0.0181 with a market capitalisation of $542.1M (rank 102). Over 90 days it is -23.1% against Bitcoin and sits below its 200-day average. Privacy as a theme is +15.3% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

## Agent research brief

- What this coin is: Midnight (NIGHT), a Privacy token of $542.1M at market-cap rank 102. No protocol activity data is published for it.
- What the tape says: -23.1% versus Bitcoin over 90 days; below its 200-day average. Privacy as a theme is +15.3% against Bitcoin over 13 weeks.
- What the evidence supports: 32.1/100 inside Privacy on 50% evidence (0% of it native activity). Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Midnight publishes no fee, revenue, TVL or user series at all.

Theme: Privacy (/mla/crypto/sector/privacy). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

Midnight's one-year return is withheld because the series is incomplete. Annualised 30-day volatility is 171%. Its deepest fall from a high inside the last 90 days is 54%. It trades below its 200-day average, which is falling.

- Price: $0.0181
- Market cap: $542.1M (rank 102)
- Returns: 7d -10%; 30d -42%; 90d -43%; 180d -62%; 1y —
- RS versus Bitcoin, 90d: -23%
- 30-day volatility: 171% annualised; deepest 90-day fall 54%
- 200-day average: $0.0411, trading below it

## Protocol economics

No protocol fee, revenue, TVL, user, DEX-volume or transaction series is published for Midnight, so this page shows none rather than inventing one. That is the normal case in crypto: fewer than one coin in seven has any of it.


## Research score

Midnight: 32.1/100 — Illiquid · research only; 4.2 + 15.0 + 10.0 + 2.9 = 32.1; evidence 50%; native evidence 0%; rank 24 of 24 rated Privacy coins
Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.

No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## Privacy scorecard

Midnight is one of 27 Privacy coins here, 24 of which carry enough evidence to be rated and ranked. Midnight ranks 24 of those 24 on 50% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.

- 1. Zcash (ZEC): score 68.7; evidence 50%; Tape-led · on-chain proof incomplete
- 2. Zama (ZAMA): score 67.8; evidence 43%; Tape-led · on-chain proof incomplete
- 3. Anoma (XAN): score 62.6; evidence 50%; Illiquid · research only
- 4. Monero (XMR): score 62.1; evidence 50%; Tape-led · on-chain proof incomplete
- 5. MimbleWimbleCoin (MWC): score 58.6; evidence 50%; Illiquid · research only
- 6. Litecoin (LTC): score 53.5; evidence 55%; Tape-led · on-chain proof incomplete
- 7. ZEROBASE (ZBT): score 52.7; evidence 17%; Illiquid · research only
- 8. Dash (DASH): score 52; evidence 55%; Tape-led · on-chain proof incomplete
- 9. Zano (ZANO): score 51.6; evidence 50%; Illiquid · research only
- 10. Tornado Cash (TORN): score 50.4; evidence 65%; Illiquid · research only
- 11. Pirate Chain (ARRR): score 47.2; evidence 50%; Illiquid · research only
- 12. Decred (DCR): score 46.4; evidence 50%; Illiquid · research only
- 13. Mina Protocol (MINA): score 44.3; evidence 50%; Illiquid · research only
- 14. Railgun (RAIL): score 43.5; evidence 91%; Illiquid · research only
- 15. Horizen (ZEN): score 40.9; evidence 55%; Tape-led · on-chain proof incomplete
- 16. Arcium (ARX): score 40.8; evidence 50%; Illiquid · research only
- 17. Ergo (ERG): score 38.8; evidence 55%; Illiquid · research only
- 18. Verge (XVG): score 37; evidence 50%; Illiquid · research only
- 19. Nockchain (NOCK): score 36.1; evidence 50%; Illiquid · research only
- 20. Tezos (XTZ): score 35.8; evidence 91%; Lagging · market gate closed
- 21. Humanity (H): score 34.9; evidence 50%; Tape-led · on-chain proof incomplete
- 22. Oasis (ROSE): score 33.2; evidence 55%; Illiquid · research only
- 23. ALEO (ALEO): score 33; evidence 50%; Illiquid · research only
- 24. Midnight (NIGHT) [this coin]: score 32.1; evidence 50%; Illiquid · research only

## Limitations

- Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
- Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
- No valuation band exists for any coin: historical market capitalisation is not held at all.
- Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
- The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.

## FAQs

### What is Midnight (NIGHT)?

Midnight is a Privacy cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with no protocol activity data published for it. It is one of 27 Privacy coins on this site. Readings are as of 2026-07-31.

### What is the market cap of Midnight?

Midnight's market capitalisation is $542.1M, ranking it 102 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

### Is Midnight beating Bitcoin?

Midnight is -23.1% against Bitcoin over 90 days, and its own theme, Privacy, is +15.3% over 13 weeks. It trades below its 200-day average as of 2026-07-31.

### Does Midnight have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

### What is Midnight's research score?

32.1/100 within Privacy, ranked 24 of 24 rated Privacy coins, on 50% evidence: 4.2 + 15.0 + 10.0 + 2.9 = 32.1. It is labelled “Illiquid · research only”. The score ranks research attention inside one theme, never portfolio action.

### How much Midnight history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Midnight actually publishes. No protocol fee, revenue, TVL or user series is published for this token, so none is shown.