Price modelling for early-stage crypto assets often focuses on what happens as a protocol moves from development into active use. Analysts point out that tokens tied to real utility tend to reprice before usage arrives, not after. A new altcoin selling near four cents has now entered that transition window, and research desks have begun mapping a possible 650% scenario heading into Q2 2026.
Mutuum Finance (MUTM)
The project attracting attention is Mutuum Finance (MUTM). Mutuum Finance is building structured lending markets with two models.
The first model is Peer to Contract. In this market, users supply assets into shared liquidity pools and receive mtTokens that track their deposit positions. Borrowers use the pools and pay interest. Yield flows toward mtToken holders. For example, depositing 2,000 USDC may generate mtUSDC. If utilisation increases, APY rises because more loan interest enters the pool.
The second model is Peer to Peer. Here, borrowers post collateral and select loan terms. Loan to Value rules control how much capital can be drawn. At 65% LTV, $2,000 in collateral allows a $1,300 loan. If collateral falls below safety levels, liquidation events repay part of the loan and move discounted collateral to liquidators. These events protect liquidity during volatility.
The token offering began in early 2025 at $0.01. The pricing has advanced through multiple tiers and now sells at $0.04 in Phase 7. More than $19.7 million has been contributed, and over 18,800 holders have taken positions. From the total 4 billion supply, 45.5% is allocated for distribution, and over 825 million tokens have already been purchased. The confirmed listing price is set at $0.06.
Security Review and First Price Prediction
The main turning point for Mutuum Finance is its V1 protocol launch. According to the official project communication, V1 will include full deposit, loan, collateral, interest and liquidation cycles. This marks the moment where real usage can be measured rather than estimated.
Security is a critical piece for lending protocols. Mutuum Finance completed a smart contract audit with Halborn Security. The audit reviewed loan logic, collateral handling and liquidation control.
With V1 in sight, analysts put the first price projection near the listing period. Moderate estimates place MUTM between $0.10 and $0.12 if usage begins and listing liquidity arrives on schedule. This represents roughly 2.5x to 3x from the current presale pricing window.
