Cardano (ADA) has seen a 6% increase in open interest over the past 24 hours, bringing the total to $707.5 million. This surge comes as ADA's price approaches the $0.5 mark, reflecting renewed investor confidence. Analysts, including Wolf of Crypto, predict ADA could reach $3 by 2026, citing historical accumulation trends. In addition to market movements, Cardano's Midnight Protocol is drawing attention. This privacy-focused partner chain utilizes zero-knowledge cryptography and emphasizes regulatory compliance, enhancing its appeal in the blockchain space.