Cardano: IOG launches multi-asset Daedalus wallet ahead of “Mary”

  • IOG deployed the first version of the Daedalus wallet that supports the “Mary” features on Cardano’s public testnet.
  • The release will feature a new user interface for sending and receiving native assets on Cardano.

The “Mary” Hard Fork Combinator (HFC) event will introduce multi-asset features to the Cardano mainnet today, March 1 at 21:44:51 (UTC) with the launch of epoch 251. In preparation for this, Cardano developer IOG has released a new version of the Daedalus wallet with the new features.

The Daedalus 4.0.0-RC1 version will initially be available on Cardano’s testnet and will allow developers and stake pool operators to transfer ADA and native assets. The new version of Daedalus will also have a new user interface, IOG added:

Tomorrow evening UTC we’ll release a Daedalus Flight wallet, timed with the Mary hard fork. Then, after final user experience testing with our community of power users (and any last UI tweaks) and we’ll do final integrations and release a full Daedalus for everyone! Onwards!

As reported by CNF, “Mary” is the second of three HFC events designed to implement smart contract capabilities of Cardano to fully roll out the Goguen era. The next HFC “Alonzo” will be activated somewhere in Q2 2021 and will introduce deploy Plutus and with that the smart contract capabilities of Cardano.

Cardano (ADA) price defies bearish trend

Although all major cryptocurrencies have seen significant drops over the past week, Cardano managed to reach a new all-time high near $1.48. Although ADA is experiencing a drop of 5.2% over in the last 24 hours, ADA is still trading at $1.25. On the weekly and monthly charts, the cryptocurrency shows gains of 13.2% and 47%.

As for the outlook for the coming weeks, many experts agree that ADA will continue to be one of the most bullish cryptocurrencies in March. However, trader Michael van der Poppe recently warned that ADA could suffer from the “buy the rumor, sell the news” phenomenon in light of the “Mary” hard fork.

In his analysis today, the trader now noted that ADA has lost support at $1.40. As a result, he thinks the price could fall further to around $1.15 or $0.90. However, if the price were to go higher, breaking $1.40 could take the price of ADA into uncharted territory.

In the long-term, however, ADA’s performance could be positive. Plutus platform, lower transaction fees, and the ability to create native tokens could make Cardano a more attractive alternative for building decentralized applications than Ethereum.

About Author

Reynaldo Marquez has closely followed the growth of Bitcoin and blockchain technology since 2016. He has since worked as a columnist on crypto coins covering advances, falls and rises in the market, bifurcations and developments. He believes that crypto coins and blockchain technology will have a great positive impact on people's lives.

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