For investors looking to get in on the ground floor of the next big crypto move, reminiscent of the wild price action seen in the likes of Shiba Inu (SHIB) and Dogecoin (DOGE) in 2021, Mutuum Finance (MUTM) is quickly gaining popularity as the best cryptocurrency to buy. Currently in Phase 7 of its presale, Mutuum Finance has seen its presale raise nearly $20 million with over 18,850 unique holders.
Shiba Inu & Dogecoin Performance
The Relative Strength Index (RSI) for Shiba Inu (SHIB) is currently around 52.90, which is indicative of stability. Price forecasts for SHIB range from modest growth of 25% to longer-term targets of approximately $0.000109. Momentum is neutral, suggesting that any significant price action is expected to be delayed as the cryptocurrency holds at current levels. Dogecoin (DOGE) is also showing positive signs, building out of a reversal and a bull flag on the weekly charts. The reclaim zone for DOGE is identified at $0.154-$0.157. A breakthrough above this level could lead to targets between $0.16 and $0.195. While SHIB and DOGE remain in the headlines as they reach new heights in terms of price growth, the potential for more significant growth may lie with Mutuum Finance (MUTM). Many investors have already turned to MUTM as a top cryptocurrency to buy.
Adoption and Community Momentum for Mutuum Finance
The presale of Mutuum Finance is experiencing remarkable levels of adoption, rewarding those who participate in the project during its early stages. Having launched at a low price of $0.01, MUTM is currently trading at $0.04 in Phase 7, representing a 4x increase. It is projected to list on the market at $0.06. This means a $5,000 investment made in Phase 7 could increase to $6,250 in Phase 8, yielding a $1,250 return even before the token is listed on the market. Upon launch, this investment would have grown by $2,500 to reach $7,500. To date, over 18,830 individuals have participated in the presale, contributing nearly $19.85 million to the project.
MUTM Liquidity Mining and Risk Management Features
The core of Mutuum Finance’s lending and borrowing platform is its liquidity, which the platform actively encourages through the provision of MUTM token rewards. For instance, a user depositing $5,000 USDC into a Peer-to-Contract (P2C) lending pool earning 7% Annual Percentage Yield (APY) could also earn an additional 5% APY in MUTM tokens, increasing the total APY to 12%. Borrowers also benefit from this system. For example, a user borrowing $6,000 USDC at a 9% APY might receive a rebate of 3% APY on the interest paid, distributed in the form of MUTM tokens. To facilitate these rewards, the project is testing two distinct reward distribution methods: block-by-block rewards, allowing users to earn tokens immediately, and weekly rewards, which helps the project conserve gas costs. In total, the project has allocated 10% of its total token supply for these reward programs.
Risk management is an integral component of the MUTM platform’s design. Loan-to-Value (LTV) ratios and liquidation levels are dynamically adjusted based on asset volatility. Less volatile assets such as ETH and USDT permit an LTV of up to 75% with a liquidation level of 80%. This allows a user holding 3 ETH (equivalent to $10,000) to secure a loan of up to $7,500 in USDC without needing to sell their ETH. More volatile assets are subject to lower LTV ratios, and the automated liquidation system is in place to ensure system stability and the security of user assets.
Version 1 of the platform will undergo testing on the Sepolia Testnet prior to its mainnet launch. On the mainnet, users will be able to engage with liquidity pools, deposit mtTokens, manage debt tokens, and interact with the liquidator bot. With these robust mechanisms in place, the MUTM platform has earned a reputation as a prime cryptocurrency investment for individuals seeking a viable path toward significant gains in the crypto market.
How MUTM Can Potentially Outperform Memecoins
Although Shiba Inu (SHIB) and Dogecoin (DOGE) are showing signs of recovery and potential growth, Mutuum Finance offers an early investor opportunity combined with Decentralized Finance (DeFi) functionality and strong community acceptance. Currently in Phase 7 of its presale at $0.04, and having secured nearly $19.85 million in funding, MUTM is well-positioned to become the next major cryptocurrency success story.