Analysts are convinced ADA is not the next crypto to hit $1, here is their choice

Cardano is currently forming its first golden cross pattern for August.

This bullish technical signal appears on the hourly chart. The 50-hour SMA has crossed above the 200-hour SMA. 

Consequently, short-term selling pressure seems to be fading for ADA. Bullish momentum may be building now. 

Nevertheless, many analysts remain unconvinced about ADA hitting $1 soon.

They point to persistent resistance and market volatility risks. Instead, they are focusing attention elsewhere for explosive gains.

Their choice is becoming increasingly clear: Mutuum Finance (MUTM).

Cardano’s technical strength meets scepticism

ADA’s golden cross suggests potential upside. This technical indicator often precedes price rallies.

Cardano has managed to hold above crucial moving averages. 

Market sentiment is improving across the crypto market. Optimism exists around institutional adoption possibilities. 

Key resistance levels are the immediate focus. Breaking $0.86 is necessary for further progress.

Then $0.94 becomes the next target. Only then can $1 be realistically tested. 

However, failure to hold above $0.80 risks a pullback. Market rallies can lose steam quickly. Trading volume needs confirmation soon. 

Therefore, analysts express caution despite the positive chart formation.

They are looking beyond established altcoins for superior opportunities. New crypto projects offer different potential.

Mutuum Finance presale momentum builds

Mutuum Finance (MUTM) is demonstrating remarkable presale traction. Phase 6 is currently underway.

Tokens are selling rapidly at $0.035 each. This phase represents a 250% increase from the opening phase price of $0.01. 

Over $14,300,000 has been raised since the presale began. Total MUTM holders now exceed 15,050. 

Further, phase 6 is selling out fast. The chance to acquire tokens at this price is ending soon.

Immediately after, Phase 7 will open. It features a 14.3% price increase, setting the token cost at $0.04.

Mutuum Finance (MUTM) will launch at $0.06. This offers current Phase 6 buyers a potential 450% return on investment after launch.

Market predictions suggest significant upside post-launch, potentially reaching between $1 and $5 in 2025.

Security and incentives enhance trust

Mutuum Finance (MUTM) prioritizes robust security. The team has successfully finalized its CertiK audit.

This rigorous examination yielded an impressive 95.00 security score. It indicates a solid security posture. 

Mutuum Finance has also launched its official Bug Bounty Program. This initiative partners with CertiK.

A substantial $50,000 USDT reward pool exists. Rewards are tiered based on vulnerability severity: critical, major, minor, and low. 

Additionally, Mutuum Finance has introduced a unique dashboard. It features a leaderboard tracking the top 50 token holders.

These holders will receive bonus token rewards for maintaining their positions. This incentivizes long-term crypto investment.

Community growth through major giveaway

Excitement surrounds a significant Mutuum Finance (MUTM) giveaway. The project is awarding a total of $100,000 in MUTM tokens.

Ten lucky winners will each receive $10,000. 

Participating requires specific steps. First, submit a valid wallet address for potential prize receipt.

Second, complete all designated quests carefully. Third, confirm eligibility. 

Moreover, a minimum $50 investment in the Mutuum Finance presale is mandatory for entry.

This giveaway fuels community engagement and investment interest.

Mutuum Finance offers real utility

Mutuum Finance (MUTM) delivers tangible decentralized finance solutions.

It is developing a peer-to-contract (P2C) and peer-to-peer (P2P) lending platform. This operates efficiently on Layer-2 technology.

Consequently, users experience drastically lower gas fees. Faster transaction speeds become the norm.

The protocol will also introduce an overcollateralized stablecoin system. 

This stablecoin maintains a $1 peg through disciplined minting and burning linked to loan activity.

It provides stability during crypto market volatility. These utilities drive genuine demand for the MUTM token.

Investors seeking the best crypto to buy now recognize this practical value. Crypto investing strategies increasingly favor projects with clear use cases.

Final thoughts

Analysts see greater near-term potential in Mutuum Finance (MUTM) despite Cardano’s technical signals.

The presale progress, strong security, real utility, and substantial incentives position it uniquely. 

Phase 6 offers a final low entry point before the next price rise. Consider Mutuum Finance (MUTM) for your crypto investment portfolio today.

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance 

The post Analysts are convinced ADA is not the next crypto to hit $1, here is their choice appeared first on Invezz