Ripple investors have been dealing with a pattern that is only too familiar, where the price is falling behind the influx of capital as well as the development of infrastructure. XRP has still been pulling in institutional investment as well as regulated investment products, yet the market price is being held in a range around significant support areas.
At the same time, those involved in crypto investing who are looking for what crypto to buy are increasingly looking at opportunities in the early stages of DeFi that are priced below $0.05. One such top crypto that is getting this type of rotation is Mutuum Finance (MUTM), which is a new crypto that is priced below $0.05.
XRP Price Compression Despite Broadening Access
XRP is trading around $2.02, just above the support level of $2.00. The inflows of capital into its market have continued to accumulate, with $16.42 million of net inflows registered, as it marked the 19th day of positive rotation. Despite this regular pattern of rotation, the movement of XRP remains stagnant.
While the launch of the 21Shares spot XRP ETF with a TOXR ticker symbol broadens the regulated framework, it still does not prompt an immediate repricing of assets. More infrastructure development is also expanding, as Ripple Labs received conditional support for trust bank operations, paving the way for other services such as custody for RLUSD cash management. This situation prompts some players to look for top crypto to buy today that provide better short-term gain.
Mutuum Finance Presale
Mutuum Finance (MUTM) is one of the solutions that is gaining traction as traders shift attention from large-cap indexing to fill a need for a cheap crypto with good mechanics of taking the upside. The current presale amount is $19,500,000, while Total MUTM Holders since presale began is 18,500. Currently, Phase 6 is 98% filled, leaving a small window of opportunity for acquisition at the current price of $0.035. This is despite it being 250%, or 3.5 times, higher since Phase 1 at $0.01.
Phase 6 is selling out quickly, but once slots are allocated, Phase 7 opens at $0.04—a steep 20% change. When launching the MUTM token, the initial selling price will be triggered at $0.06, which translates to a potential gain of 410% for the initial investors. Despite the limited slots left for $0.035, urgency is setting in for traders trying to decide the best crypto to buy this month of December.
Mutuum Finance Leaderboard
Mutuum Finance has also been promoting engagement through a live dashboard that displays the top 50 holders in real-time. A 24-hour leaderboard that is rotated daily has also brought a bit of healthy competition to presales for participation.
The number one ranked participant for each day is given a $500 bonus for MUTM, as long as there is a transaction made within that 24 hour period. This is achieved by a reset of the leaderboard each day at 00:00 UTC. This is a step that takes Mutuum Finance closer to more traders looking for the current best crypto to buy.
Stablecoin Vision
Mutuum Finance is also defining a more long-term utility chain that focuses on developing a decentralized stablecoin that is backed by over-collaterized assets. These assets are then aimed at integrating directly with the lending and borrowing system of the Mutuum Finance protocol.
Security preparation is still active, with an independent audit currently being carried out by Halborn Security to examine the final lending/borrowing terms. These developments continue to position Mutuum Finance correctly as a new type of cryptocurrency with emphasis on delivery and growth rather than timing.
While XRP investors remain ready for a matching price with adoption, funds have been transitioning to more reasonably priced investments with better catalysts. Mutuum Finance has been among the key players that investors appear to be searching for in regard to which crypto investment to make as phase 6 draws closer to completion. Investors seeking the best crypto investment before the end of the year have been reacting to the shorter timeframe.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance