Cardano (ADA) has now entered a stabilization phase, whereas for quite some time, there has been fluctuation in the price trend of this famous cryptocurrency. Even now that it has been charted in the “to watch” lists of various investors, there appears to be only restricted growth in store for it in the coming cycles.
Currently trending is another exciting DeFi crypto in presale, Mutuum Finance (MUTM). Its cost to buy is $0.04 in presale Phase 7, up 4x from when the presale started at $0.01. The presale has been able to attract nearly $20 million in funds to date with an ever-expanding supply of token supporters.
Cardano (ADA) Consolidation
ADA is having a quiet reset as its trading volume falls 38% while its open interest soars to $794M. The crypto is stuck between $0.33 and $0.48. While a breakout above $0.48 may open doors for a rally toward $0.48, ADA lacks momentum.
MUTM Presale Rally
Mutuum Finance gives investors the opportunity to invest in its DeFi project early. At Phase 7, one would need to pay $0.04, which is the cheapest MUTM will ever cost. Phase 8 will lift the price nearly 20% to $0.045. This gives one an opportunity to gain an instant return in case one acts fast. Launch price is pegged at $0.06. It is predicted that once it attains adoption, one could make $30,000 from $300 invested today, thereby being one of the best options in DeFi crypto.
Yield-Bearing Collateral
Mutuum Finance offers stability with a USD-pegged stablecoin and yield-generating collaterals. This allows one to lock in their assets to enable them to borrow the stablecoin. Their collateral goes to lending pools that earn interest that can be used to pay back some of the loaned amount. For example, if a lender had placed $5000 in ETH as collateral for $3500 in MUTM stablecoin loan, then the $5000 in ETH earns 10% APR to pay back some of that loan amount. This explains why MUTM is one of the best DeFi cryptos and why it should be considered to be one of the best crypto currently.
Security and Testnet
Security is yet another field where MUTM is extremely interested. MUTM has a score of 90/100 token scan from CertiK and has also undergone a Halborn Security audit of its lending and borrowing smart contracts. Further bolstering the security mechanisms of the platform is the $50,000 bug bounty program that rewards white hat hackers for bug findings in the platform. Coming down the pike is the V1 protocol going live on the Sepolia testnet where users will be able to interact with liquidity pools, mtTokens, debt contracts, and the liquidator bot for under-collateralized positions.
Mutuum Finance interacts with the community through various activities. The $100,000 giveaway will treat ten members to $10,000, while there is another reward for the biggest buyer, who gets a MUTM bonus of $500 every day. These activities not only serve as engagement strategies for MUTM, but they also ensure a constant flow of demand for the token.
MUTM ensures its presence and importance as one of the top DeFi cryptos in early investment through this. In contrast to Cardano, whose potential is limited, Mutuum Finance has a successful presale as well as DeFi solutions being built, including staking rewards. This has made the new token the top DeFi crypto to buy.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/cardano-ada-stabilizes-while-analysts-back-a-0-04-token-as-the-better-buy/
