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

Eternl, 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 Ali, 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.