Cardano’s ADA token fell 3% over the past 24 hours, currently trading at $0.87 after a volatile session that saw the token swing over 10% in value overnight.

The price action followed a Friday night AMA (Ask Me Anything) with Cardano co-founder Charles Hoskinson, who expressed long-term optimism for Cardano’s prospects, pointing to the upcoming Midnight Network — an initiative aimed at improving data privacy on the blockchain—as a major unlock for activity.

He noted that incorporating bitcoin (BTC) into the Cardano ecosystem could expand its use cases and investor appeal.

Hoskinson also discussed the market's macro events and catalysts during his AMA. He said he expects two potential catalysts to shape crypto markets in the coming months: a likely interest rate cut by the Federal Reserv

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