The crypto news today revolves around two events. Cardano is under pressure because the price of ADA has dropped. The other event is that of the new crypto coin that has prices lower than $0.05 and has received massive attention in a short span of time. The reason is that it has sold out presales Phase 6. It seems that investors are able to distinguish between the major cryptos that move at a slow pace and the ones that expand rapidly.
ADA Price Stuck While Sellers Stay Active
Although there was some positive news for Cardano, it did not help the price to rise. The fact is, people began selling their ADA when they heard the news, causing prices to lower. This has already caused a 20% loss in just one month.
However, one thing that went well for Cardano was that the investors in the network decided to give more power to a special committee. This is a huge leap to let the community make their own decisions. However, this positive development has done little to aid the price, as trading activities are very sluggish.
Other challenges are also being faced by ADA. The regulations for cryptocurrencies in the US are unclear. This is intimidating some large investors away, thus affecting all other altcoins, including ADA. Due to this reason, ADA is facing difficulties in finding solid support.
MUTM Presale Momentum Takes Center Stage
Compared to ADA, which is going sideways, Mutuum Finance is moving ahead full throttle. Currently, the project has already sold out Phase 6 of its presale, which was a record time, but now the demand has increased because Phase 7 is also open. This new crypto, which is currently valued at under $0.05, is classified under the DeFi crypto category, has already gone up to $0.04, but Phase 7 is quickly filling up.
Strong numbers are confidence-boosters
Mutuum Finance has already accumulated $19,500,000 since the presale began. The total number of MUTM token holders since the presale began is now 18560. The market value for Phase 7 is priced at $0.04. It shows a tremendous 300% increase since Phase 1, which was priced at $0.01.
Phase 7 is selling like hotcakes. It means that soon you will not have a chance to join through this phase. It will be followed by Phase 8, which costs $0.045 in nearly a 20% increase. Lastly, the final launch for MUTM is priced at $0.06. It means that there might be a return on investment for MUTM to existing customers, which is 380% ROI.
Furthermore, the system architecture of Mutuum Finance includes lending and borrowing, which guarantees a use for the token from the very start. This not only attracts use but will also be a motivational tool to sustain the same. Furthermore, the platform has introduced a leaderboard of the top 50 holders, as well as a leaderboard measured per 24 hours. Additionally, the top user of the day receives a bonus of $500 in MUTM if they have made at least one trade.
Given the fast pace of Phase 7, investors feel as if there is not enough time. Failure to participate in Phase 7 means investors have to invest money in the next phase at a price higher. The relatively slower process of ADA makes MUTM the most preferred cryptocurrency to invest in, considering the factors of speed, demand, and the initial cost.
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/crypto-news-this-under-0-05-altcoin-sells-out-phase-6-in-record-time-as-cardano-ada-stagnates/
