Which cryptos to invest in as ADA treasury approves $71M development fund
Main Idea
Cardano (ADA) has approved a $71M development fund, while Mutuum Finance (MUTM) presents a presale opportunity with strong demand and security credentials.
Key Points
1. Cardano (ADA) approved allocating 96M ADA (~$71M) for development, with ADA trading above $0.73, gaining 2.6% in 24 hours.
2. Funding focuses on critical upgrades like Project Acropolis to address node network limitations, including 20-second transaction times.
3. Mutuum Finance (MUTM) presale Phase 6 is underway at $0.035 per token, with $14.1M raised and 665M tokens sold to 14,800 holders.
4. MUTM achieved a 95.00 security score in its Certik audit and launched a $50,000 USDT Bug Bounty and $100,000 MUTM token giveaway.
5. Phase 7 will increase the token price to $0.04, with post-launch projections suggesting potential growth to $2 per token.
Description
Concurrently, ADA trades above $0.73, gaining over 2.6% within 24 hours. Technical analysis, however, reveals mixed signals. Some patterns suggest potential downward pressure toward $0.58 if current support falters. Founder Charles Hoskinson further clarified treasury boundaries, opposing its use for exchange listings. This strategic funding commitment highlights ADA’s governance maturity, attracting investor scrutiny amidst broader crypto market movements. Consequently, identifying complementar...
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