Mutuum Finance, an Ethereum-based DeFi project, has successfully raised over $16 million in its presale, attracting more than 16,450 holders. The project is currently in the sixth phase of its presale, with a 20% price increase anticipated in the next phase. Mutuum Finance is developing a decentralized lending and borrowing protocol featuring both Peer-to-Contract (P2C) and Peer-to-Peer (P2P) models, and is advancing towards a testnet launch as part of its roadmap. Meanwhile, Ethereum (ETH) is gaining attention as analysts, including Standard Chartered, predict a potential price surge to $7,500 this year. This optimistic outlook is fueled by increased institutional interest and the momentum from recent network upgrades. Standard Chartered's revised price target highlights the growing stablecoin activity and institutional adoption as key drivers for Ethereum's potential rise.
Mutuum Finance Secures $16M as Ethereum Eyes $7,500 Target
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