Dogecoin (DOGE) is undoubtedly one of the most popular cryptocurrencies, with millions of devoted followers. That has helped to support the price of DOGE to its current level. However, even with a huge community, DOGE has never reached $1.
One of the main reasons for this is that DOGE is inflationary, which means millions of new DOGE coins are minted daily. Another downside for DOGE is that it is a meme coin in its purest form, with no utility.
Amid this disappointment, the crypto community has been turning to a new contender, Mutuum Finance (MUTM). The project has a fixed supply and is currently in the presale phase. According to analysts, MUTM tokens could reach $1 faster than DOGE. Let us look at why analysts and investors are so confident about the future of DOGE.
MUTM Could Rise To $1
Mutuum Finance (MUTM) is currently in the presale phase, where tokens are going for $0.03. The presale is currently in phase 5, where it has raised over $11.3 million from around 12,550 unique buyers.
The current price of $0.03 is a 200% increase from the phase 1 price of $0.01. In the next phase, the token price will rise by 16.67% to $0.035. Based on the planned listing price of $0.06, the current price is a 50% discount. That presents a unique opportunity for massive gains when the tokens go live.
According to the most recent forecasts, the price of MUTM tokens could rise to $1, which would represent an increase of over 3200% based on the current price. There are many reasons why this could happen.
One of them is the planned beta version launch of the platform on day one of the token listing. The beta version launch will drive up user interest in the platform, which will generate massive organic traffic on social media. As the word spreads, more people will check out the beta platform and rush to get their MUTM tokens.
Another reason why MUTM tokens could rise to $1 is that the project is utility-based. This use case will keep attracting new users to the platform, raising revenue generation. The revenue will be used to purchase MUTM tokens off the open market, which will support the price growth.
Additionally, Mutuum Finance (MUTM) is CertiK audited. Utility coupled with the CertiK audit, where it has a Token Scan Score of 95, will play a major role in driving buyers towards MUTM tokens. All the factors combined will help to support the upward price growth of MUTM tokens in the long term.
CertiK Partnership
Mutuum Finance (MUTM) has recently entered a partnership with CertiK for the long-term security of the ecosystem. The partnership will be on a $50,000 USDT bug bounty program, which is an open invitation to the global security community to work with Mutuum Finance.
The program is split into four tiers, which are critical, major, minor, and low. Depending on the level of vulnerability that a security expert helps to find, they will be compensated appropriately.
Built On The Premise Of Utility
Mutuum Finance (MUTM) allows users to participate as lenders or borrowers. The lenders deposit their assets into the protocol to earn interest, while borrowers deposit collateral to access the liquidity in the pools.
To ensure the overall protection of liquidity in Mutuum Finance (MUTM), all loans must be overcollateralized. That means borrowers must deposit collateral that is worth more than the value of the assets they intend to access.
All interest rates in the protocol are based on a pool’s utilization rate. As the utilization rate grows, the interest rate rises, which pushes borrowers to repay their loans. At the same time, it attracts new people into the protocol, seeking out higher yields. The result is that the ecosystem ensures optimal capital utilization.
Price Discovery On The Mutuum Finance (MUTM) Protocol
Pricing on Mutuum Finance (MUTM) is determined independently using Chainlink price feeds. These are a system of smart contracts, widely used in the DeFi sector to provide reliable and secure price data. That will ensure that users have access to verifiable pricing information.
Besides the Chainlink price oracles, the protocol will implement a backup data source. Additionally, they will utilize time-weighted price averages when there is sufficient on-chain volume as a reference point.
Mutuum Finance (MUTM) Will Beat DOGE
Mutuum Finance (MUTM) is designed to dominate the DeFi industry through innovation and a commitment to security. Its design will attract a massive user base, which will drive up demand for MUTM tokens.
According to analysts, the price of MUTM tokens could rise over 32x when they go live. Coupled with the 50% discount on the tokens in the ongoing presale, this makes MUTM tokens a better buy than DOGE. If you are looking for sustainable growth in 2025 and beyond, make sure you have MUTM tokens in your portfolio.
For more information about Mutuum Finance (MUTM), visit the links below:
Website: https://www.mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
