|

Cardano launches update for Daedalus wallet

  • Daedalus wallet is upgraded ahead of major Shelley update.
  • ADA/USD gains over 2% on Friday, recovered from $0.04 support.

Cardano team has deployed Daedalus wallet update on the mainnet the days before a scheduled major Shelley update launch on the testnet.

Shelley is supposed to bring a host of new features, including an integrated newsfeed and redesigned user interface.

"NEW Daedalus 0.15 – part of the 1.7 update – is now rolling out. Here's a preview. Be sure to check out the full-length video for a rundown of all the updates and new features - including the newsfeed function," the team wrote on Twitter. 

The video attached to the post explained how to perform an upgrade. From now on, Daedalus users will receive four different types of crypto news right in their wallets. Apart from that, the wallet is equipped with a new recovery phrase verification system.

Meanwhile, Cardano's coin ADA, now the 12th largest digital asset with the current market value of $1.09 billion, has been one of the best-performing cryptocurrencies on Friday. ADA/UAD has gained over 2% since the beginning of the day to trade at $0.0420 at the time of writing. 

ADA topped at $0.0448 on October 28 and has been retreating ever since; however, the coin found strong support at $0.04. This psychological barrier is strengthened by the middle line of the Bollinger Band on a daily chart.

ADA/USD, daily chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Ripple recovery lacks momentum as bulls defend $1.00 support

Ripple maintains a bearish outlook while trading above its immediate $1.00 support on Thursday. The remittance token has sustained a steady decline from the July high of $1.18, underpinning reduced demand and the lack of catalysts to sustain recovery.

Crypto Today: Bitcoin, Ethereum, XRP remain sluggish amid mixed ETF flows

The cryptocurrency market continues to trade sideways on Thursday, with Bitcoin struggling to reclaim the $64,000 level. Ethereum is attempting to build momentum near the key $1,900 resistance, while Ripple maintains support above $1.00, yet upward movement remains limited.

Bitcoin Price Forecast: BTC rebounds slightly as consolidation range keeps direction unclear

Bitcoin rebounds mildly, trading above $63,800 at the time of writing on Thursday after four consecutive days of losses. BTC has been trading sideways since mid-July, while cautious institutional flows and neutral momentum indicators suggest traders remain hesitant, pointing to a lack of clear directional bias.


Hyperliquid eyes 50-day EMA breakout as bullish momentum builds

Hyperliquid is trading in the green on Thursday, extending gains toward the 50-day Exponential Moving Average (EMA) at $58.36. Institutional demand remains firm as Hyperliquid treasury Hyperion DeFi saw a $31 million fair value increase in the last quarter.

Bitcoin: Can bulls weather the market uncertainty?
Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.