Cardano (ADA) has cranked over 18% in the past 24 hours to reach a seven-week high of US$0.0438 [AU$0.069], equivalent to 580 satoshis.
The move has lifted Cardano market capitalization to $1.13 billion as it moves past Monero for the 13th place on the coin cap charts.
Since its mid-March dump, along with the rest of the crypto market, Cardano has recovered almost entirely, returning to pre-crash prices.
According to the announcement, Daedalus 1.0.0 brings significant enhancements to the wallet, including advancements in stability, reliability, and performance.
The firm added that new features include:
ADA has been touted as another “Ethereum killer,” but it has failed to gain the adoption and developer base that its big brother has.
Cardano is still down 96.5% since its all-time high, but in all fairness, Ethereum is in a similar situation.
Featured image courtesy of InputOutputHK/Twitter
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