Cardano’s latest iteration of the Daedalus wallet has ADA targeting new highs

cardano [ADA], the eight largest token, continues to release its progress reports to maintain certainty within their holders. Holders in particular are seeing huge losses on their portfolios.

In recent news, the community has released the latest version of Daedalus wallet with several key fixes.

Debugging for a good cause

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

The said upgrade would fix several issues such as errors when choosing to sync wallets while redeeming Incentivized Testnet (ITN) rewards. Furthermore, the upgrade would eliminate older Daedalus executables in the previous versions after automatic update.

Meanwhile, for existing users, the team instructed,

“Existing users will be prompted to update via the Daedalus news feed. If you are new to #Daedalus and want to download this new release, don’t forget to download it ONLY from the official site:”

Daedalus 5.0.0 would send the correct amount of tokens once it is changed during the fee calculation.

But that is not it.

Plutus, the smart contract platform of the Cardano blockchain, also got a massive update with Vasil. According to IOG, the Plutus V2 scripts introduced with Vasil increased transaction throughput and increased cost efficiency.

This significantly increased the value and power of the Cardano network. Overall, these developments fell into place with the upcoming Vasil hardfork scheduled for September 22nd.

You’re happy, I’m happy

Have holders enjoyed this upgrade? Well, it certainly is.

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

Cardano has been listed in the top 10 companies of the 2,000 largest whales on the BNB chain on WhaleStats in the past 24 hours.

While community developments and statements from officials and influencers seem promising, statistics paint the picture. ADA’s Market Value Realized Value (MVRV) ratio rose slightly from last week.

In addition, since the beginning of August, daily active addresses have increased, indicating the presence of users on the network.

A possible hint to a price increase? Possibly YES.

Source: CoinMarketCap

At the time of writing, ADA saw another 7% rise on CoinMarketCap as it traded just below $0.5.

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