The current trajectory of Solana has been positive following the rebound of crucial levels of support, while the entire crypto sector has been observing the latest rally in a bid to find the best cryptos to buy now. The coin has been rising from the $130 area following the breakout from the downward falling wedge pattern and has managed to improve the mood in the futures markets.
This has resulted in SOL breaking through to the $150 resistance level, but it has also seen traders switching focus to another presale, namely Mutuum Finance (MUTM), an Ethereum-based presale that has received a lot of traction given that it is close to a full sell-out in Phase 6. Those looking to purchase a cryptocurrency and weighing the two options have found MUTM to be the focus.
Solana Price Advances Closer to Essential Resistance
Solana has been exhibiting renewed signs of upside momentum due to the broad-based rally in large assets in the crypto space. The asset has been holding above the $130 level of support, and the fact that the trading volume has risen by 66% to 4.91 billion shows that the retail crowd and derivatives traders are taking part in the action in larger numbers. The breakout above $91,000 by Bitcoin caused the price of SOL to rise by 5%.
At the same time, the Bitwise Solana ETF has recorded an influx of $65.1 million in a week, thus confirming the interest in the product at a time when people are looking for the best investment in the current cryptocurrency market.
This environment has furthermore fueled the outlook for a possible break-out above $150, but it is understood that bigger upside magnitudes are frequently associated with projects in the earlier phase and possessing considerable momentum. It has thereby been one of the reasons why the ongoing presale environment has again made Mutuum Finance (MUTM) a possible next crypto to explode.
Mutuum Finance (MUTM) Presale Progress
Mutuum Finance (MUTM) continues to make steady presale activity in Phase 6, where the phase is currently filled to a staggering 98% capacity, leaving a limited timeframe for those searching for a suitable crypto to purchase. The current value has stayed constant at $0.035, a staggering increase of 250% from Phase 1, and Phase 7 will increase the rate by a margin of almost 20% to $0.04.
Since the presale began, a total of $19,270,000 has been raised, and the total number of holders is now at 18,430. The rate at which this has been accomplished has been dominating discourses regarding the best cryptos to consider for immediate gains, given the listing price of $0.06, where Phase 6 purchasers will experience a possible gain of approximately 380% upon listing. The low available allocation in the ongoing round has triggered FOMO for those weighing the best cryptos to purchase presently to avoid rising costs.
Mutuum Finance (MUTM) has announced its stablecoin that will be a utility function of its lending platform and will be burned in the process of repayment of loans. The design has proved to be attractive to users researching the best crypto to invest in owing to its long-term stability, given the fact that it will enhance the process of lending in the platform. The DeFi market continues to mature, and stable yield-driven strategies remain one of the best cryptos to invest in.
Mutuum Finance (MUTM) Leaderboard
Mutuum Finance (MUTM) has maintained engagement levels high through the daily leaderboard where the top 50 contributors are tracked for a period of 24 hours. The rankings are reset at 00:00 UTC daily, and the number one ranked participant earns a bonus of $500 in the form of MUTM if the participant has made at least one transaction.
This has been fueling the rise in daily levels of participation and has now become a point of current concern for traders in search of the latest hot coin. The leaderboard brings a level of competition to the presale and pairs well with the rapid flow of purchasers in light of Phase 6 nearing the end of its available tokens.
The upward trajectory of Solana continues to draw the attention of the marketplace, but a more aggressive upside play has been made available in the form of Mutuum Finance (MUTM) as the full subscription of Phase 6 nears. The tight availability schedule at the current rate of $0.035, coupled with the scheduled stablecoin launch and rewards to the community, has made it clear to the investment community that the best cryptos to purchase are those that are available at the current phase rates. The best time to act and evaluate MUTM is before the entry into Phase 7 and the resulting price rise.