⛔ Stop guessing ⛔ Use our free stock screener to find new opportunities fast Try Free Screener

Cardano (ADA) Wallet Gets Important Update, What's New?

Published 2023-12-07, 10:44 a/m
Cardano (ADA) Wallet Gets Important Update, What's New?
ADA/USD
-

U.Today - , a multi-platform Cardano light wallet, has announced a new release, Eternl v1.11.17.

The new release is significant as it marks changes in collateral handling. This sees to it that transactions made via Eternl collateral are now being used if no other UTxOs are available, such as when registering for staking after a new account is funded.

The update sees to it that Eternl will always try to create collateral-sized UTxOs (3ADA) with normal transactions. Only the "Set Collateral" button remains in the settings to send three ADA to the user's account if necessary.

The release also introduces some more fixes, such as allowing sync workers to connect to the mainnet instead of the selected testnet.

Fee calculation for some Keystone transactions, an open orders page list and automatic change output splitting were also among the fixes introduced by the update.

At the close of November, Eternl announced it had collaborated closely with Keystone hardware wallet to integrate Cardano support into Eternl.

Cardano (ADA) price action

According to crypto analyst , Cardano's price action remains on track, mirroring a well-known historical pattern.

Ali observed that the ADA price movement mirrored its 2018–2020 pattern, in which it consolidated before breaking out. If this pattern persists, Ali believes ADA will shortly break past the $0.45 resistance level. Following this, a possible rally to $0.75 by late December is possible.

At the time of writing, ADA was down 1.93% in the last 24 hours to $0.436. On-chain analytics firm Santiment noted positivity for Cardano, indicating that total ADA addresses have been shrinking. Typically, declining wallets indicate small holders are capitulating and selling to whales at a loss; nonetheless, this is a positive indicator for ADA.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.