Cardano (ADA) has surged back into the top 10 cryptocurrencies by market capitalization following a 19% price rally, overtaking Bitcoin Cash (BCH). The move occurred during a broader market rebound driven by improved risk sentiment. ADA climbed from approximately $0.26 to $0.31, securing the 10th position with a market cap of roughly $10.57 billion, while BCH, with a market cap of about $9.72 billion, fell to 11th place despite a 6% gain of its own.
In parallel, the decentralized lending protocol Mutuum Finance (MUTM) has raised over $20.6 million in its ongoing token sale, attracting participation from more than 19,000 holders. The MUTM token is priced at $0.04, with over 850 million tokens distributed from a total capped supply of 4 billion. The project's smart contracts have been audited by security firms CertiK and Halborn.
Mutuum Finance is developing a decentralized liquidity protocol on Ethereum that enables on-chain borrowing and yield generation without centralized intermediaries. Its V1 protocol is currently live on the Sepolia testnet. The system operates on a collateralized model, requiring users to lock assets worth more than the loan amount to secure borrowing. The protocol plans to integrate decentralized oracle infrastructure, including Chainlink data feeds, for accurate asset pricing and collateral management.
Meanwhile, Bitcoin Cash has faced significant selling pressure, declining 22% over the past week and breaking below the key psychological level of $500. Technical analysis indicates a bearish trend, with the asset struggling as capital remains concentrated in Bitcoin rather than rotating into altcoins. Key support is now seen in the $475–$490 range.
