Ethereum (ETH) and Dogecoin (DOGE) are both showing signs of upward momentum. Meanwhile, Mutuum Finance (MUTM) is setting records in its ongoing presale, raising over $10.82 million in its ongoing presale, and over 45% of the phase 5 tokens have been sold out, barely two weeks after it started.
Ethereum (ETH) Signals Breakout
Ethereum (ETH) is currently trading at around $2,500 and shows possible signs of a march to $4,000. A major driver of this growth is the rising futures open interest in Ethereum, which signals that traders expect a breakout soon.
As of June 20, the open interest in Ethereum stood at $15.6 billion, which signals that many traders are using borrowed funds to bet on the next price point of Ethereum. These are highly sophisticated traders who have access to advanced analysis tools. The high open interest is a great sign for the future of Ethereum prices.
Another driver of growth for Ethereum is the surge in Ethereum staking. So far, there are over 35 million ETH coins locked in stacking contracts, which has reduced the supply available for traders. That dynamic is expected to fuel an upward surge for ETH.
As the price of Ethereum rises, it is expected to trigger an altcoin rally, providing the perfect entry opportunity for projects like Mutuum Finance (MUTM). By buying MUTM tokens, which are still in the presale at $0.03 per token, you have an opportunity to ride the altcoin rally. Analysts are extremely optimistic, forecasting gains of 25x or more.
Dogecoin (DOGE) Is On The Rise
In the past year alone, the price of DOGE is up over 40%, an impressive performance in the current market conditions. Some analysts forecast that DOGE could rise from its current price of $0.17 and reach $0.25 in the coming months.
It is worth noting that most of DOGE’s growth is hype-driven and less predictable than that of Ethereum. However, it could still benefit from the upcoming altcoin rally. AS has happened so many times in the past, traders should expect massive volatility if they add the meme coin to their portfolio.
Mutuum Finance (MUTM): The Real Showstopper
Mutuum Finance (MUTM) has experienced an acceleration in the ongoing presale, where 45% of the tokens allocated to this phase of the presale have already been snapped up. The tokens in the current phase are selling for $0.03, with the price set to go up by 16.67% to $0.035 in the upcoming phase 6.
Once phase 6 lands, investors will lose the opportunity to make a guaranteed 100% based on the planned listing price of $0.06, which will be reduced to 71.43%. Financial experts have crunched the numbers, and they conclude the price of MUTM tokens could rise by 3,450% once the tokens go live.
Based on those projections, a $1,600 investment in the presale now could grow to $55,200. Depending on how much you commit to the presale, that figure could be even higher. Over $10.95 million has been raised from around 12,350 unique buyers so far. You could be one of these lucky buyers who will make stunning returns.
Why Mutuum Finance (MUTM) Is Your Best Option
Mutuum Finance is a project built on the firm foundation of utility. The project is built as a decentralized non-custodial lending protocol where users can make deposits to earn passive income via interest payments. Additionally, they can participate as borrowers to take loans at competitive prices from the protocol.
When a user deposits assets in the liquidity pools, they receive mtTokens in return. For instance, if they deposit $1,700 worth of ADA, they receive mtADA tokens in return. These mtTokens represent the value of their deposit plus the interest accrued.
As such, mtTokens grant holders access to instant liquidity. Since they are based on the ERC20 token standard, holders of these tokens can use them to benefit from opportunities in the open market in real time. Meanwhile, their original assets are still accruing interest in the Mutuum Finance pools. When they are ready, they can simply deposit their mtTokens to redeem their original assets plus any interest accrued.
To protect liquidity in the pools, Mutuum Finance (MUTM) plans to implement overcollateralization requirements. These requirements will be decided by the unique characteristics of each token. For instance, tokens with high volatility, like meme coins, will get more conservative overcollateralization requirements.
Summary
With Ethereum expected to make some gains in the coming months, Mutuum Finance represents your best opportunity to ride this wave of upward gains. You have an opportunity to be part of an emerging ecosystem that will deliver massive gains for its community.
At the current price of $0.03, you will be getting your tokens at a 50% discount compared to someone who delays their purchase until the final listing price of $0.06. This is simply too good an opportunity for you to miss out. Do not be left out of what could be a once-in-a-lifetime opportunity.
For more information about Mutuum Finance (MUTM), visit the links below:
Website: https://www.mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
