VIC: 60% increase in 24 hours, doubled in a week.
VIC has recently surged particularly strongly, skyrocketing 60% in 24 hours, with a cumulative increase of 100% over the past week, and has now risen for four consecutive weeks.
This wave of increase is mainly driven by the perpetual contract market: 26 million USD poured in within 24 hours, with the total amount of unsettled contracts (open interest) surging by 550%, setting a historical new high of 152 million USD.
Trading volume has also increased by more than 10 times, reaching 3.82 billion USD, with buying pressure more active than selling pressure. Although not much was bought in the spot market (344,000 USD), it is still the highest in history, indicating that some are starting to hold long-term.
Short sellers have suffered greatly, with 9.9 million USD being 'liquidated' in 24 hours, equivalent to having all their bets on a price drop wiped out.
Now 81% of community members believe it can still rise, plus recently VIC has fixed a 'synchronization issue' (a technical fault causing inconsistencies in the blockchain ledger), leading to more on-chain transactions and a 4000% increase in weekly fees, all of which have made the upward trend more stable.
DOGE has dropped a bit, but some are turning to the new platform MUTM.
Dogecoin (DOGE) has dropped 2.9% in the past week, currently around 0.16 USD. Although the futures market has become a bit more active, with Robinhood launching small contracts for retail investors to participate, the price is still somewhat weak.
However, many investors are starting to look at a new project called Mutuum Finance (MUTM). It is not a hype-driven meme coin, but a lending platform with real functionality, currently in its fifth phase of pre-sale with 65% sold, priced at 0.03 USD, which may rise to 0.035 USD afterwards.
Why is MUTM favored? Its functionality is practical and it can also generate profits.
MUTM's characteristic is 'usefulness':
Staking coins can earn interest: by staking coins, one can receive dividends each year, and the platform will also buy back tokens to distribute to stakers.
Supports various lending: can lend meme coins (like DOGE, SHIB which mainstream platforms do not support) on a peer-to-peer basis, setting your own interest rates and terms; also can deposit USDT, ETH into the lending pool to steadily earn interest (for example, depositing 12,000 USDT can earn about 1,680 USD in a year).
Safe and reliable: the smart contract has undergone professional auditing, with a $50,000 reward set for finding vulnerabilities, making it resistant to hacker attacks.
It has now raised 11.9 million USD, with 12,800 holders. Previously, a wallet holding a large amount of DOGE transferred 19,000 USD to buy MUTM, believing its functionality is more practical. The fifth phase of the pre-sale is about to end, so those wanting to get in need to hurry, or the price will rise.
