While Dogecoin’s 2021 explosion created countless millionaires, a new crypto is being pointed to as having the potential to create a new legacy. This crypto is none other than Mutuum Finance (MUTM), currently available in presale for a mere $0.04 in Phase 7. The presale has already raised over $19.97 million from 18,880+ investors. Analysts predict that MUTM will top Dogecoin’s 2021 millionaire-making potential with ease, citing its utility focus.
Dogecoin Makes Technical Recovery in the Short Term
Dogecoin is currently displaying positive short-term technical movement as the coin has been able to break away from the $0.115 mark and has surpassed its local trendline as well. The coin is displaying consolidation-type movement as an overall trend, based on wider market sentiment. While a recovery could follow, Dogecoin is unlikely to repeat its 2021 success owing to its large market cap. Investors looking for the next crypto to explode are turning attention to Mutuum Finance at $0.04.
MUTM Demand and Investor Confidence
Mutuum Finance is gaining remarkable momentum with its ongoing presale, which is witnessing substantial early-stage interest and generating substantial value for its first backers. Starting with a $0.01 entry price, Mutuum Finance’s token, MUTM, has seen a four-fold rise to $0.04 with its seventh phase. Its listing price on exchanges is expected to be $0.06. This shows that there is substantial and immediate gain to be reaped with this token. In fact, with a $5,000 investment, there is expected to be a $1,250 gain with Phase 8. This is because in Phase 8, there is expected to be a price rise to $0.045. By the time of launch, this $5,000 will have become $7,500. This potential is already generating substantial community momentum with 18,880 community members contributing to a fundraising effort that is nearing $19.98 million. This is a strong indication of the overall market’s trust and confidence in Mutuum’s vision and solidifies its position as a top new crypto.
In order to build a deep liquidity foundation for this purpose, Mutuum Finance offers a strategic incentive system to all its ecosystem players. It rewards its liquidity providers with extra benefits in addition to the base interest they earn. For example, if a user invests $5,000 in USDC in a Peer-to-Contract pool with a 7% APY interest rate, they could also get an extra 5% as an incentive. This will take the overall interest to around 12%. Borrowers also get rewarded with extra benefits in the form of rebates. For example, if a user borrows $6,000 with a 9% interest rate in a Peer-to-Contract pool, they could get an extra 3% in MUTM token form as a rebate. This will take their overall interest down to 6%. This will encourage more users to take part in this ecosystem by offering them efficient benefits in the form of rewards from 10% of the overall MUTM token supply.
Risk Protocols and Live Testing
In addition, security and stability are also integrated into Mutuum Finance through a smart system of dynamic risk management, in which Loan-To-Value ratios and liquidation levels are intelligently managed according to asset price volatility. For well-established assets such as ETH and USDT, LTV levels go as high as 75%, and liquidation occurs at 80%. A holder, for example, would thus be able to leverage $8,000 in ETH and borrow up to $6,000 in stablecoins without selling his/her holdings.
Before the official debut on the mainnet network, the project will be launching a fully featured Version 1 on the Sepolia testnet. During this public test phase, the project will allow the public to interact directly with the core features of the project by depositing funds into liquidity pools managing mtTokens as well as debt positions, while also allowing them to observe the liquidation process in a risk-free environment. Thus, the project will be offering not only security but also early access to the market while positioning MUTM as a well-thought-out project with great investment potential.
Dogecoin’s run in 2021 created multiple millionaires. However, its lack of utility saw these gains go away as quickly as they were made. Mutuum Finance presents a utility-backed case that stands out from what Dogecoin offered. Given its vision for the DeFi market, analysts predict the new crypto could create more millionaires than Dogecoin did. MUTM is currently available in presale at $0.04. This is the cheapest the token will ever cost, providing the biggest returns to those who buy today. Join the presale now before the next price increase.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance