Cardano Price: ADA Fails to Impress, Investors Flock to This Surging DeFi Altcoin Instead

Source Cryptopolitan

Cardano’s ADA continues to struggle for momentum, leaving investors searching for greener pastures in the fast-moving DeFi market. While ADA’s price action remains stagnant, all eyes are turning to Mutuum Finance (MUTM), a surging DeFi altcoin that’s capturing market attention with its explosive growth, innovative lending protocols, and rapidly expanding community.  Mutuum Finance is already on the 5th presale stage. 

This stage has already sold more than 85%. Mutuum Finance has already raised more than $12.8 million, as well as gained more than 13800 token holders. Mutuum Finance could hit $2 after listing.

Cardano’s Steady Reacceleration Amid Renewed Interest

Cardano (ADA) has regained solid footing after a prolonged slump, climbing from a June low near $0.50 to its current price around $0.85, fueled by renewed bullish technical signals and heightened derivatives activity. Open interest in ADA futures has surged toward record highs, just shy of $1.5 billion, and bullish funding rates suggest traders are increasingly optimistic. 

Analysts highlight Cardano’s break above key EMAs and bullish chart formations like bull flags and golden crosses, pointing to potential moves toward $1 or even higher. Despite competitive pressures from emerging DeFi tokens, Cardano’s fundamentals remain solid, though some capital is shifting toward newer DeFi plays such as Mutuum Finance. Mutuum Finance is also gaining attention in the market.

Strong Investor Appetite Powers Mutuum Finance Presale Growth

More than 13800 investors have joined the Mutuum Finance (MUTM) presale that has raised more than $12.8 million. There’s frenzy over the project. MUTM tokens are priced at $0.03 in phase 5 and will increase by 16.67% in phase 6.

Powering the Future of DeFi with Dual-Lending

Mutuum Finance offers a distinct platform on which users control their assets in of decentralized borrowing. The platform employs a double-model structure to provide adaptability together with efficiency that encompass Peer-to-Contract as well as Peer-to-Peer of lending models.

Peer-to-Contract utilizes self-executing smart contracts that execute the lending function autonomously with no intervention from humans. They are designed to run based on changing market prices, providing a variable rate of interest pegged to the present supply and demand of an in-real-time interest.

Peer-to-Peer model eliminates middlemen and provides an opportunity to be in touch with lenders and borrowers directly. This is even superior towards utilization for volatile assets because it allows customized terms of loans and flexibility based on user choice and his or her risk-bearing capability.

Mutuum Finance Doubles Down on Security with $50,000 CertiK Program

Security is a top priority for Mutuum Finance. CertiK, the platform has officially introduced its Bug Bounty Program with the value of total reward pool at $50,000 USDT. Four tiers of severity of the program exist, namely critical, major, minor, and low, thus any vulnerability that would surely exist would be found and rewarded in the correct way. This aligns with the team’s vision to create an insecure, transparent, and high-quality DeFi protocol.

Mutuum Finance’s $100K Giveaway

Mutuum Finance has initiated a $100,000 giveaway as an act of gratitude toward its early supporters. Ten lucky winners are to be awarded $10,000 MUTM tokens. It is a strong statement of gratitude and a reward to develop a healthy and active user base. 

Mutuum Finance has already raised more than $12.8 million, with over 13,800 early investors securing tokens at just $0.03 in its nearly sold‑out Phase 5 presale. Prices are set to rise by 16.67% in Phase 6, and projections suggest MUTM could hit $2 post‑listing, marking a potential 65x gain. 

Backed by a $50,000 CertiK‑verified bug bounty and a $100,000 community giveaway, Mutuum Finance is fast becoming the DeFi breakout ADA holders are migrating toward. Secure your MUTM tokens before Phase 5 closes.

For more information about Mutuum Finance (MUTM) visit the links below

Website: https://mutuum.com/

Linktree: https://linktr.ee/mutuumfinance

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Author  Beincrypto
Dec 17, 2024
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
placeholder
Analyst Flags XRP as Market’s ‘Best Risk/Reward’ Play as Token Tests Critical $1.60 SupportCrypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
Author  Mitrade
Feb 03, Tue
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
placeholder
Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Author  FXStreet
Feb 05, Thu
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
placeholder
Bitcoin Drops to $70,000. U.S. Government Refuses to Bail Out Market, End of Bull Market or Golden Pit? The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
Author  TradingKey
Feb 05, Thu
The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
placeholder
Bitcoin Surrenders $65,000 as Analysts Warn of ‘Structural’ Market BreakBitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
Author  Mitrade
Feb 06, Fri
Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
goTop
quote