Will the decline of the Glacier Cross-Chain from Cardano lead to an increase in ADA price in 2025?

Cardano's Midnight sidechain will drop tokens to 37 million wallets across eight blockchains.

ADA maintains its strength above the key support level, with Fibonacci targets indicating $0.88 and beyond.

The "Glacier Drop" initiative, free from venture capital, launched by Charles Hoskinson aims to transform cryptocurrency from competition to collaboration.

At the Consensus 2025 conference in Toronto, Charles Hoskinson of Cardano unveiled a bold initiative to end the "tribal war" in cryptocurrency by distributing Midnight tokens to an estimated 37 million wallets across eight major blockchains.

This move is called the "Glacier Drop," and it could place the ADA token on an upward trajectory, potentially leading to an all-time high by the end of the current bull cycle.

A Radically Inclusive Approach

Cardano's Midnight sidechain, which focuses on privacy and is currently available on the test network, adopts a radically inclusive approach. The "Glacier Drop" will distribute governance tokens (NIGHT) and transaction tokens (DUST) to users across leading networks such as Ethereum, Solana, and Bitcoin.

Thank you @CoinDesk for explaining how innovative @MidnightNtwrk Glacier Drop is and how it embraces ecosystems by dropping $NIGHT to 37 million wallets across top-tier L1 blockchains.