Cardano (ADA) Achieves Weekly Golden Cross, Major Holders Accumulate 1.28 Billion Tokens

Cardano (ADA) has recently achieved its first weekly golden cross, a technical event that signals potential bullish momentum. This event occurs when the 50-week moving average crosses above the 200-week line, indicating a shift in market sentiment. According to Santiment data, there has been substantial accumulation by major holders, with addresses holding 10-100 million ADA adding over 1.28 billion tokens. Additionally, daily active addresses have jumped to 38,600, the highest since late May, underscoring renewed network engagement.

Technical analysis points towards key resistance levels for ADA. Breaking through the $0.90-$1.20 range is seen as crucial. CoinCentral identifies $1.83 as a possible year-end target, while some forecasts even project ADA reaching $3.50. This represents potential gains exceeding 370% from current prices. Traders are closely watching for a daily close above $1.20, which could further validate the bullish momentum.

Amid the bullish outlook for ADA, a new rival has emerged: Mutuum Finance (MUTM). Mutuum Finance is progressing rapidly through its presale, with Phase 5 currently underway and strong participation. The presale has already raised an impressive $12,500,000, with over 615 million MUTM tokens sold to investors. The total number of MUTM holders now stands at 13,500 and counting. Phase 5 tokens are priced attractively at $0.03 each, representing a significant 200% increase from the first phase price of $0.01. Current demand is high, with Phase 5 over 80% filled. This low-price opportunity is ending soon, as Phase 6 will commence with the token price rising to $0.035, a 16.7% increase.

Mutuum Finance plans a public launch price of $0.06. Purchasing at the current $0.03 guarantees a 100% return on investment at launch, offering a potential 2x gain structured directly into the tokenomics. Analysts see substantial post-launch growth potential, with predictions suggesting MUTM could reach $3.50 within the next market cycle. This projection offers significant upside from the presale entry point.

Security remains paramount for Mutuum Finance, which has successfully completed a comprehensive audit by CertiK. This respected firm awarded Mutuum a 95.00 security score, confirming a robust security posture. To enhance security further, Mutuum Finance launched a Bug Bounty Program in partnership with CertiK, offering a substantial $50,000 USDT reward pool. Rewards are structured across four tiers based on vulnerability severity. Additionally, Mutuum Finance is running a major giveaway event, awarding $100,000 in MUTM tokens, with ten fortunate winners each receiving $10,000. Mutuum Finance also introduced a new dashboard feature, including a leaderboard tracking the top 50 token holders, who will earn bonus token rewards. Maintaining a position within the top 50 yields ongoing benefits.

Mutuum Finance demonstrates clear momentum and planning. Its presale structure offers immediate entry advantages, with the $0.03 price point in Phase 5 being particularly compelling. Reaching the $0.06 launch price is a direct outcome of the token design, presenting a calculated opportunity for investors. Market observers note the project’s focus on practical solutions, with the dual lending model addressing diverse user requirements. Security validation via CertiK provides essential trust, bolstering confidence in the project.

Crypto news today highlights both ADA’s technical setup and MUTM’s presale progress. Both tokens offer distinct propositions for investors monitoring the crypto market. ADA’s bullish momentum and technical indicators suggest potential for significant gains, while MUTM’s presale traction and security measures position it as a promising new entrant in the crypto space.