Amid shifts in the crypto market, major investors are moving away from legacy networks to new projects like Mutuum Finance, leaving Cardano under pressure.
Cardano (ADA) Remains Stable
Cardano (ADA) is trading at $0.8378, 1.37% above the last close. The crypto market is experiencing changes in investment focus as large holders seek better buys. Cardano has entered a phase of flat price action after a sharp fall from its all-time high above $3.
Mutuum Finance Presale Grows Popular
Mutuum Finance is currently on Phase 6 of its presale, offering tokens at $0.035. The presale is proceeding quickly, with investors raising over $15.5 million. The project will also provide a USD-pegged stablecoin to be used for simple transactions and as a long-term asset.
Features of the Mutuum Finance Protocol
The Mutuum Finance protocol uses variable interest rates to efficiently control liquidity. Variable rates depend on market utilization: excess capital stimulates lending with lower fees, while low liquidity requires higher fees for loan repayments and new deposits. The protocol also has robust risk management systems that ensure stability.
Interest in Mutuum Finance is growing against the backdrop of Cardano's challenges, which may indicate a shift in investor sentiment in the cryptocurrency market.
