Cardano (ADA) continues to trade around $0.72, while investor attention shifts toward Mutuum Finance, a successful DeFi project in presale.
State of Cardano (ADA)
Currently, Cardano is trading around $0.72, recovering from a recent dip into the low $0.60s. A key support level is noted at $0.74, which could serve as an important point for resuming ADA's bullish trend toward $1.00 and beyond. Increasing institutional interest and platform developments, such as scalability updates from Hydra Layer‑2 and Mithril staking innovations, are boosting optimism for ADA's long-term potential.
Active Phase of Mutuum Finance Presale
Following the successful sellout of Phase 5, Mutuum Finance now offers Phase 6 at a price of $0.035, which is a 16.67% increase from the previous round. The next price cap is set at $0.04, representing a 14.29% markup. Phase 6 investors will receive a 71.43% return upon the token's launch at $0.06. The presale has already raised over $14.1 million from more than 14,800 investors.
Potential of Mutuum Finance in DeFi
Mutuum Finance is launching a USD-backed stablecoin on Ethereum. The project has a high trust score of 95.0 from a CertiK audit and has also initiated a $50,000 Bug Bounty program. The dual lending model offers users more freedom and efficiency by eliminating intermediaries and allowing direct interaction between lenders and borrowers.
While Cardano works to regain its momentum, Mutuum Finance demonstrates significant progress in presale and shows innovative potential in the DeFi space.
