As Ethereum (ETH) aims for $5,500 this September, excitement within the investor community is high. However, it is not just about Ethereum (ETH). Mutuum Finance (MUTM), a new DeFi altcoin, is steadily gaining traction thanks to its lending and borrowing protocol.
As Ethereum still leads as a foundational layer, Mutuum Finance is trending, with its specific utility and scalability, which makes it a competitive entity. To the investors who are browsing the market to determine the most perfect crypto to invest in, MUTM is becoming the project that can shape the future of decentralized finance.
Ethereum Aims for $5,500 Goal
Ethereum is at approximately $4514.98 with a trading range of $4,430 to $4530 in its day trade. This trend indicates a strong accumulation by buyers. Technical resistance is around the 5,000-5,500 region.
Support level on the other hand is strong at around $4,200 -$4,300, meaning that the downside risk is not very sharp at present. Although ETH continues to be a fundamental infrastructure asset in DeFi and smart contracts, investors are beginning to assess its growth prospects relative to Mutuum Finance, which many believe can offer bigger returns in the upcoming bull run.
Mutuum Finance Presale Impresses
Mutuum Finance (MUTM) is doing well in its sixth presale phase where it is accumulating massive momentum as the amount of investors in the market grows. Over 16,400 holders have already joined the project and it has already surpassed the $16 million capital mark. The trend is expected to continue to accelerate. These record-breaking limits are a good sign of rising confidence of the investors as the platform comes nearer to launch.
Besides buying tokens at a low price, investors are also in line to enjoy out of this world at launch, and more so to enjoy more gains long term since the ecosystem is continuing to grow.
Investors are flocking to the project for its dual lending model, long-term-engineered ecosystem, open-source and fully audited codebase, and good tokenomics.
A Secure Platform
Mutuum Finance has tried in another bid to provide security within its ecosystem by collaborating with CertiK to introduce a formal bug bounty program, with a stipulated reward pool of up to $50,000. The reward is provided in four levels of severity i.e. critical, major, minor and low in such a way that any vulnerability can be detected and removed.
By welcoming the external auditing of its platform by developers and researchers, Mutuum also welcomes the latest security measures, which adds to its investor base security and confidence.
Tiered levels of Mutuum Loans to Value and liquidation levels rely on the volatility of the underlying collateral. The second source of stability is represented by reserve multipliers varying between a 10% level of safer and up to 35% of riskier items. The system is as carefully balanced in terms of access and safety and more market participation becomes possible and systemic risk is bounded.
Mutuum Finance (MUTM) is on its way up right as Ethereum (ETH) taps into its next level of growth up to $5,500 in September. The project has currently attained $16M in capital and more than 16,400 holders. This indicates that investors are confident in the project as the presale tokens cost $0.035 in the Stage 6.
Early birds are anticipating a day-one yield of up to 300% supported by the dual lending platform model of MUTM and USD-pegged stablecoin and a $50K CertiK bug bounty protecting the platform. Although the DeFi token is still anchored by ETH, Mutuum Finance has a better upside and disruptive potential. You have the opportunity to save your Stage 6 tokens before they start to get higher.
For more information regarding Mutuum Finance (MUTM) please use the following links:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance