Cardano’s latest version of the Daedalus wallet has ADA aiming for new highs 

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Car­dano [ADA], the eight largest token, con­tin­ues to release its progress reports to main­tain cer­tain­ty with­in their hold­ers. Espe­cial­ly see­ing hold­ers suf­fer huge loss­es on their portfolios.

In recent news, the com­mu­ni­ty released the lat­est ver­sion the Daedalus wal­let with sev­er­al impor­tant fixes.

De-bugging for a good cause

Car­dano builder Input Out­put released the lat­est ver­sion of the Daedalus wal­let with sev­er­al impor­tant fix­es. The team shared this update regard­ing Daedalus 5.0.0 Main­net release on the social media platform.

The said upgrade would fix sev­er­al issues, such as errors when choos­ing sync­ing wal­lets dur­ing the process of redeem­ing incen­tivized test­net (ITN) rewards. Fur­ther the upgrade would elim­i­nate old­er Daedalus exe­cuta­bles in the pre­vi­ous ver­sions after auto-update.

Mean­while, for exist­ing users, the team instruct­ed,

“Exist­ing users will get a prompt to update via the Daedalus news­feed. If you are new to #Daedalus and would like to down­load this new release, please remem­ber to down­load it ONLY from the offi­cial site: daedaluswallet.io/en/download/”

Daedalus 5.0.0 would send the cor­rect amount of tokens once altered dur­ing the process of fee calculation.

But that’s not it.

Plu­tus, the smart con­tract plat­form of the Car­dano blockchain, received a huge update with Vasil as well. Accord­ing to IOG, Plu­tus V2 scripts intro­duced with Vasil pro­vid­ed high­er trans­ac­tion through­put and increased cost-efficiency.

This increased the val­ue and capa­bil­i­ty of the Car­dano net­work con­sid­er­ably. Over­all, these devel­op­ments fell in place with the upcom­ing Vasil hard­fork sched­uled for 22 September.

You’re happy, I’m happy

Did hold­ers enjoy this upgrade? Well, that’s def­i­nite­ly the case.

ADA regained its posi­tion as one of the top 10 hold­ings of whales on the BNB Chain as investors’ remain bull­ish ahead of its high­ly antic­i­pat­ed Vasil hard fork.

Car­dano has entered the top 10 hold­ings of the 2,000 biggest whales on the BNB Chain in the last 24-hour peri­od on WhaleStats.

While devel­op­ments in the com­mu­ni­ty and state­ments from offi­cials and influ­encers seem promis­ing, met­rics paint this pic­ture. ADA’s Mar­ket Val­ue Real­ized Val­ue (MVRV) ratio increased slight­ly as com­pared to last week.

Fur­ther­more, dai­ly active address­es rose since the begin­ning of August, indi­cat­ing the pres­ence of users on the network.

A poten­tial hint towards a price uptick? Poten­tial­ly YES.

Source: Coin­Mar­ket­Cap

At the time of writ­ing, ADA saw a fresh 7% surge on Coin­Mar­ket­Cap as it trad­ed just shy of the $0.5 mark.

 



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