There are speculative analyses and new developments regarding cryptocurrency, creating a divide between seamless and value-added products. Many optimistic predictions surround potential Spot ETF approvals, catalyzing and pumping prices. One cryptocurrency Dogecoin (DOGE) is making waves for its predictably bullish price target of $1.20. However, potential DOGE Spot ETF approvals are highly uncertain and may not happen soon.
Mutuum Finance (MUTM) is making monumental traction, however, as opposed to speculation, presale and protocol features are being actively developed. With the price currently set at $0.035, this DeFi token is no meme coin and most definitely a crypto to buy for all investors. The price point is also very grounded with high upside possibilities.
Speculation Drives the Price Shift of Dogecoin with Spot ETF Approval
Analysts and investors alike are wondering what will propel the price of Dogecoin next, and the most likely enabler, according to most, is the highly speculative price of $1.20. Analysts continuing to track the price bulls have identified a symmetrical triangle formation, which is a technical indicator of an imminent price breakout.
As a result of this speculation, the price of Dogecoin is likely to skyrocket slightly. Until then, the price is stagnant at a sell wall of $0.175. Until there is a Dogecoin price breakout at that level, there will be no speculative gains at a price of nearly $1.20. For those seeking speculative plays at that price level, DOGE is likely offering more risk than reward.
MUTM Presale Progress
While Dogecoin’s price is stagnated with high speculation, Mutuum finance is preselling its token without any selling pressure. Its presale that has surpassed $18.8 million is also selling out 90% ahead of demand in its sixth phase, showing the demand of its 18,000+ holders is very real. The price of this token is about to see a price hike, to $0.040, although this is about to be a temporary opportunity.
The next increase to $0.040 will take place after the current phase is complete in a short while. Investors have a very brief opportunity to own this potentially next, very high appreciating crypto at an absolute bargain compared to all the overpriced, old cryptos.
A Strong, Over-Collateralized, U.S. Dollar-Pegged Stablecoin
Stablecoins play a central role in the financial ecosystem being built in the Mutuum Finance project. Mutuum Finance, with a successful presale, is undergoing construction of an entire financial ecosystem. The center of this ecosystem is a strong, over-collateralized, stablecoin. Unlike algorithmic stablecoins, this is a decentralized stablecoin backed by the U.S. dollar. The stablecoin is backed by liquidity in the protocol’s lending pools. The minted stablecoins can only enter the system when borrowers deposit over collateral.
As with all stablecoins, the interest flows back to the Mutuum treasury, creating a sustainable project. The interest stream also provides additional utility to the MUTM token. This is one of the strongest projects. The stablecoin creates a solid base around the project, which enables high, sustainable growth.
Security as Non-Negotiable Building Block
In an industry where value can disappear quickly due to hacks, Mutuum Finance puts operational security first. The protocol’s smart contracts have passed a rigorous audit by CertiK with an exemplary token scan score. These contracts have withstood the test of line by line code inspection. This external validation is coupled with a $50,000 bug bounty to white-hat hackers, who will pressure test the protocol before its mainnet launch.
This level of commitment to security is a foundational building block every defi crypto project must have to survive beyond the initial launch. This is even more important given the unpredictable nature of the meme coins, which have historically been the only token often launched alongside new crypto projects. This level of reliability is greatly appreciated by investors who desire safety coupled with the potential for explosive growth.
Understanding Where the Smart Money Invests
It isn’t hard to understand the rationale for investing here. Investing in Dogecoin is simply gambling; investing in Mutuum Finance is buying a growing investment. With Mutuum almost completing its presale phase 6, deploying other products, maintaining strong cyber-security, and adopting a matured approach to risk management, MUTM is built with a security framework that posies considerable value.
With the amount of capital Mutuum Finance attracts, the crypto investing thesis is obvious to intelligent parties. One asset dreams of a rebound while the other is likely to deliver exponential growth. Buy MUTM before the price rises to $0.040.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/how-high-can-this-0-035-defi-crypto-go-compared-to-dogecoin-doge/