Crypto assets that move from the development phase to the usage phase tend to follow similar valuation behavior. Most of the repricing occurs before total utility is fully operational, because markets assign a value to future cash flows and activity before they become measurable. This is why cheap, early-stage cryptocurrencies have produced some of the largest multipliers in past cycles. Analysts following this trend believe that a new sub-$1 altcoin could now enter the transition window.
Why Timing Matters for Pricing Patterns
Mutuum Finance (MUTM) is developing a decentralized lending protocol that will allow users to supply and borrow crypto assets via smart contracts. Suppliers will earn yield and receive mtTokens that represent their position. Borrowers will provide collateral and pay interest to unlock liquidity without selling their long-term assets. This model is common in DeFi lending markets because it allows traders to access capital while maintaining exposure to their assets.
MUTM is no longer at the conceptual stage. The project progressed through its development roadmap and announced that the The V1 protocol is being prepared for testnet deployment before mainnet activation. This places MUTM within the pre-utility valuation window. In previous cycles, this stage marked the beginning of price discovery, as the market begins to price in upcoming activity rather than theoretical expectations.
The pre-sale structure reinforced this transition. The token started at a much lower price during the early phases and rose to $0.04 during phase 7. This change represents over 300% growth since the presale began. Participation has also expanded. More than 18,700 holders took positions during this period and more than $19.8 million was raised.
First Prize Scenario
Supply mechanics play a central role in early price discovery. The total supply of MUTM is 4 billion tokens. Of this offer, 45.5% is reserved for pre-sale distribution. This equates to approximately 1.82 billion tokens. More than 825 million tokens have already been purchased as part of the completed allocations.
Each phase has a fixed offer and a fixed price. When a phase fills, the price advances. This creates a natural staircase effect that pushes the valuation upward without secondary market activity.
As Phase 7 continues to fill up, analysts believe the supply-driven model could push MUTM towards its launch price of $0.06. From the current level of $0.04, this implies a 50% increase based on structured pricing alone. This is the first scenario and does not require speculation or utility.
Second Prize Scenario
The second valuation scenario involves participation once V1 is active. According to the official These metrics become valuation signals for DeFi lending assets.
Industry analysts model MUTM between $0.25 and $0.35 during the first utility window if borrowing demand increases and stablecoin loans gain traction. At the current pre-sale price of $0.04, this range implies an increase of up to 700% under favorable post-launch conditions. This follows a similar valuation logic to that seen in early loan market rollouts in previous cycles.
Third Prize Scenario
The third scenario focuses on revenue recycling. A portion of the protocol fee will be used to purchase MUTM on the open market once V1 is available. Purchased tokens are redistributed to users who stake mtTokens in the security module. This creates purchasing pressure directly linked to usage. The more borrowers pay to access liquidity, the more organic demand flows through the token.
Analysts describe this as a feedback loop. It removes tokens from the market rather than depending on attention or hype. Tokens with fee recycling have seen higher lows over time due to constant buying pressure. Under this model, longer-term projections place the MUTM between $0.60 and $0.80 by the end of 2027 if the lending business matures and revenue recycling becomes consistent. From the presale level of $0.04, this projects an upside of over 400% over a multi-year horizon.
Why this setup resembles DeFi loan breakouts
The setup resembles early phase patterns seen in previous lending protocols. These assets went through a sequence of construction, testing, use, revenue, and repricing. Mutuum Finance appears to be running late in the build phase and entering the testnet-to-mainnet window. This window has produced good results in the past because markets reward infrastructure that moves from code to activity.
As long as V1 activates as planned and stablecoin borrowing is adopted, Mutuum Finance could join the list of major crypto assets valued based on usage rather than speculation. The upcoming cycle will show whether the token moves into this category or remains in its pre-utility state.
For more information on Mutuum Finance (MUTM), visit the links below:
Website:
Link tree:
