Eternl’s Latest Update Introduces Collateral Handling Changes for Cardano Wallet

Eternl, a Cardano light wallet available on multiple platforms, has rolled out its latest version, Eternl v1.11.17.

The significant update brings alterations in collateral handling. Now, transactions using Eternl collateral will be utilized when no other UTxOs are accessible, particularly during staking registration after funding a new account. Eternl will aim to generate UTxOs (3ADA) of collateral size with regular transactions, and users can set collateral by sending three ADA to their account if needed, utilizing the “Set Collateral” button in the settings.

Additionally, the release addresses various issues, including sync workers connecting to the mainnet instead of the chosen testnet, fee calculations for specific Keystone transactions, an updated open orders page list, and automatic change output splitting.

In late November, Eternl collaborated closely with Keystone hardware wallet to incorporate Cardano support into its platform.

Regarding Cardano’s price action, crypto analyst Ali noticed a resemblance between the ADA price movement now and its pattern from 2018–2020, suggesting a consolidation phase before a potential breakout. Ali predicts a potential breach of the $0.45 resistance level, followed by a probable rally toward $0.75 by late December.

As of the current writing, ADA is down by 1.93% in the last 24 hours, trading at $0.436. On-chain analytics firm Santiment highlighted a positive aspect for Cardano, noting a decrease in total ADA addresses. Although declining wallets usually signify small holders selling to whales at a loss, it’s considered a positive indicator for ADA.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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