This Altcoin Priced at $0.035 Is Set to Mirror Cardano’s (ADA) Breakout to $3.10: One of the Best Cryptos To Buy Now?

The post This Altcoin Priced at $0.035 Is Set to Mirror Cardano’s (ADA) Breakout to $3.10: One of the Best Cryptos To Buy Now? appeared first on Coinpedia Fintech News

Once again, the cryptocurrency market is on the uptick because of the recovery of crucial levels by Bitcoin, causing investors to scan the market for the best cryptocurrency to purchase. It is common for the market to witness the untapped potential of new cryptocurrencies before gaining widespread recognition in such times. This was particularly witnessed in the sudden increase in the value of Cardano in 2017. Currently, the name being floated is Mutuum Finance (MUTM). At its current price of $0.035, the new DeFi crypto is already being likened to the beginning of the ADA token’s life because of the technology it brings along with its low entry cost.

Cardano’s Historical Rally: Building the Road to Success

To grasp the potential within Mutuum Finance, it is important to take a glance at the Cardano precedent. At the beginning of March 2020, the ADA token was trading for $0.017. However, within the course of the next 18 months, the token grew in value all the way to $3.10 in September 2021.

Such an investment yielded an ROI of some 17,000% to the early birds who went through the fluctuations. This market performance proves that if the project is organized and has utility, one can make life-altering profits. Experts realize the same dynamics in Mutuum Finance now and recognize that it is one of the best cryptocurrencies to buy for the new cycle.

Presale Demand Increases

Mutuum Finance is also having a strong capital inflow stream similar to successful ventures in the industry. Since presale kicked off, the project has raised close to $19,020,000, in addition to reaching more than 18,250 holders. It’s in presale Phase 6 and 95% sold out. This is an impending opportunity considering the token selling price of $0.035. Note that the token price is already up by 250% from the initial purchase in presale Phase 1 at $0.01.

Investors are now being presented with a “now or never” opportunity. After the remaining portion of Phase 6 is acquired, the price will increase to $0.04 in Phase 7. Since the launch price is now set at $0.06, buyers who purchase now are preparing for the potential 400% return on investment.

Dual Lending

What distinguishes Mutuum from other new cryptocurrency initiatives is the use of its Dual Lending Architecture. This approach brings together two different methods of liquidity in order to make them more efficient. The Peer-to-Contract (P2C) part of the platform allows the user to access the pools of assets for regular cryptocurrencies like ETH and USDT.

However, simultaneously, the Peer-to-Peer (P2P) layer also allows for direct loaning, giving the ability to negotiate terms for assets that might not necessarily be liquid enough for pools. This model purportedly satisfies both parties. To ensure the safety of the intricate system being developed, an independently initiated audit is being performed by Halborn Security. Finally, the V1 protocol is expected to roll out on the Sepolia testnet in Q4 2025. 

Buy & Distribute   

One of the reasons for the long-term viability of the Mutuum network is its “Buy and Distribute” system. While other projects reward stakers in the form of inflation generated by the project’s usage, the system at work in the Mutuum network involves purchasing MUTM tokens from the market based on the protocols’ percentage of revenue. Thus, the successful functioning of the platform is directly related to the value of the token in the given model, because the more the requirement for borrowing, the more the crypto to buy now becomes precious. 

As the Phase 6 winds down, the opportunity for locking in the $0.035 price for the MUTM token is running out. By offering the proven market dual model, deflationary tokenomics, along with the presale success, the platform stands out as one of the promising candidates to follow the historical performance of Cardano. 

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

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance