For investors looking to get in on the ground floor of the next big crypto move, reminiscent of the wild price action seen in the likes of Shiba Inu (SHIB) and Dogecoin (DOGE) in 2021, Mutuum Finance (MUTM) is quickly gaining popularity as the best cryptocurrency to buy. Currently in Phase 7 of its presale, Mutuum Finance has seen its presale raise nearly $20 million with over 18,850 unique holders. 

Shiba Inu & Dogecoin Today

The RSI is at around 52.90 for Shiba Inu (SHIB), which is indicative of stability, with price forecasts ranging from modest growth of 25% to targets of around $0.000109 in the longer term. Momentum is neutral, which means any price action is expected to be delayed as the cryptocurrency holds at current levels. Dogecoin (DOGE) is also on the upswing as it builds out of a reversal and a bull flag on the weekly charts, with the reclaim zone at $0.154-$0.157. Breaking through may lead to targets at $0.16-$0.195. While SHIB and DOGE remain in the headlines as they reach new heights in terms of price growth, it is clear that potential for bigger growth lies with Mutuum Finance (MUTM). Already, many investors have turned to MUTM as the best crypto to buy. 

Adoption and Community Momentum

The presale of Mutuum Finance is seeing incredible levels of adoption, rewarding those who get involved in the project during its early stages. Having launched at a remarkably low $0.01, MUTM is currently at $0.04 in Phase 7, a 4x increase, and is expected to list on the market at $0.06. This means a $5,000 investment in Phase 7 will increase to $6,250 in Phase 8, earning a $1,250 return even before the token is listed on the market. At launch, it will have ballooned by $2,500 to hit $7,500. Over 18,830 people have already participated in the presale, earning the project close to $19.85 million.

MUTM Liquidity Mining and Risk Management

The key to Mutuum Finance’s lending and borrowing platform is its liquidity, which the platform encourages through the provision of MUTM token rewards. For example, a user depositing $5,000 USDC into a P2C lending pool earning 7% APY may earn an additional 5% APY of MUTM tokens. This increases the total APY to 12% APY. Borrowers are also rewarded. For example, a user borrowing $6,000 USDC at 9% APY may earn a rebate of 3% APY on the interest paid in the form of MUTM tokens. To make this work, the project is testing two different ways of rewarding users. One involves rewarding users on a block-by-block basis. This allows users to earn the tokens immediately. The other involves a weekly reward. This helps the project save on gas costs. In total, the project sets aside 10% of the total supply of its tokens for this purpose.

Risk management is also an essential part of the design of the MUTM platform, where the Loan-to-Value ratios and liquidation levels are adjusted according to the level of asset volatility. Less volatile assets such as ETH and USDT allow an LTV of up to 75% with a liquidation level of 80%, allowing a user who has a total of 3 ETH or $10,000 to take a loan of up to $7,500 in USDC without having to part ways with his ETH. More volatile assets allow lower LTV ratios, and the automated liquidation system ensures the stability of the system and the safety of the assets of the users.

Version 1 of the platform will be tested on the Sepolia Testnet before the mainnet launch of the platform, where it will allow the user to engage with liquidity pools, deposit mtTokens, manage debt tokens, and interact with the liquidator bot. With such workings in place, the MUTM platform has been given the reputation of being the best crypto to buy for an individual seeking a viable way towards the next big crypto.

How MUTM Can Potentially Outperform Memecoins

Although Shiba Inu (SHIB) and Dogecoin (DOGE) demonstrate signs of recovery and potential, Mutuum Finance presents an early investor opportunity and a DeFi functionality with high community acceptance. Currently in Phase 7 at $0.04, having secured almost $19.85 million, MUTM is poised to be the next big crypto. 

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance