The crypto market has not witnessed a token breakout for a long time, but times are changing. A name that analysts are increasingly eyeing as a new cryptocurrency that most closely resembles the early Cardano breakout phase but has even greater potential due to its low entry fees and rapidly growing interest. Mutual Finance (MUTM). While the ADA token delivered huge profits in its early stages of development, Mutuum Finance is poised to rise to the top of the list of cryptocurrencies to buy due to its highly convenient DeFi model and ultra-low pre-sale costs of $0.035. The project has seen an incredible influx of purchase intent, with pre-sales already over 90% of Phase 6. This momentum makes MUTM a new cryptocurrency that is attracting the attention of early stage investors looking for big returns.
ADA battles intense selling pressure as bears aim for support at $0.51
Cardano is currently in a very sensitive position on the daily chart, with ADA trading near recent low levels as bearish momentum continues to strengthen. The token price is still under pressure towards the all-important support level of $0.51 and if it is unable to resist the downward pressure at that level, we may expect a further decline towards $0.38. However, a sharp reaction at the $0.51 level could trigger a short-term relief bounce towards the $0.62 resistance level, but it lacks positive confirmation and the bearish trend still prevails. As ADA struggles to regain momentum, investor attention has turned to early-stage investment opportunities such as Mutuum Finance (MUTM), a relatively new crypto option that is gaining traction.
Moving to Phase 2
Mutuum Finance is well underway in Phase 2 of its development lifecycle, also known as “Building Mutuum.” This phase is aimed at building the technical foundations of the platform. Developers are busy implementing Mutuum smart contracts on the backend and frontend of their DApps. This phase targets the deployment of MUTM’s platform capabilities and risk management capabilities, further enhancing the efficiency and effectiveness of the platform prior to launch.
After completion of Phase 2, the project will move on to Phase 3: Finalization of Mutuum. The rationale behind Phase 3 of Mutuum is to complete the platform before launching the final version of mainnet. The project will enter beta phase using Sepolia Testnet and will run a formal bug reporting system to ensure all bugs are resolved before the final release of V1. The excellent presale performance and innovative features Mutuum Finance brings make this project a strong choice among the best cryptocurrencies to buy right now.
chain link oracle
Mutuum Finance relies on Chainlink oracle solutions to accurately price the collateral needed to loan, trade, and settle USD-denominated assets, as well as tokens such as ETH, Matic, and AVAX. The protocol uses a fallback oracle strategy, composite data feeds, and distributed exchange time-weighted averaging (TWAP) to increase reliability. These are essentially fail-safes that ensure prices are accurate even when markets are volatile.
The protocol’s multi-layered model of data delivery maintains accurate asset valuations even during volatile times. Market volatility is the biggest problem encountered while managing collateral, and Mutuum Finance solves this problem by building asset stability into loan-to-value ratios and depegged liquidation. Both high-risk and low-risk tokens utilize the same standard minimum and maximum thresholds through the use of a reserved proportional multiplication model. This model spreads risk across different assets, scheduled between 10% of low-risk tokens and 35% of high-risk tokens, regardless of diversification.
Mutuum Finance ready for breakout
Mutuum Finance’s pre-sale is over 90% complete with a token price of $0.035. Mutuum Finance is considered the best cryptocurrency to buy, and its growth prospects are similar to Cardano’s initial growth. Mutuum Finance’s excellent DeFi properties and accuracy make Mutuum Finance a strong investment. For those looking for a new cryptocurrency with high utility and high adoption rates, Mutuum Finance is a cryptocurrency that is gaining considerable interest. Good fundamentals have already placed MUTM in the list of best cryptocurrencies to buy.
For more information on Mutuum Finance (MUTM), please visit the link below.
Website: https://mutuum.com/
Link tree: https://linktr.ee/mutuumfinance
