As Dogecoin (DOGE) Fades From the Spotlight, Here’s the Token Being Touted as the Next Big Crypto

As Dogecoin (DOGE) fades from the spotlight and price consolidates, analysts are looking for the next big crypto investment. Investors are shifting their focus towards Mutuum Finance (MUTM), a new DeFi crypto token with a current value of $0.04 during presale. The crypto token has been building momentum through increasing holder numbers and the recent V1 protocol launch. Mutuum Finance has raised $20.25 million and attained an 18,930 holding.

Dogecoin (DOGE) Shows Gradual Consolidation

Dogecoin (DOGE) is trading at $0.175, moving steadily along a descending channel formation on the 1-day chart. As can be seen, it has been steadily making lower highs and lower lows since it peaked at $0.27. The descending channel has been acting as a steady resistance level for the token. Currently, it is approaching a support level at $0.14, which, if broken, would likely test the $0.06 level. The RSI is at a neutral level of 41.81, and the trading volume has been steadily decreasing, indicating a consolidation period. Although it is a recognizable token, Dogecoin has a low growth potential, which is why investors are keeping an eye on Mutuum Finance.

MUTM: Positioned for Strong Growth

The presale of Mutuum Finance offers a unique investment opportunity for investors to realize their maximum gains. In Phase 7, the price of the MUTM token is set at $0.04, which will increase to $0.045 in Phase 8. This means that, for example, an investment of $3,000 at a price of $0.04 will result in the purchase of 75,000 MUTM tokens. This investment will be worth $3,375 when the price rises to $0.045, thus providing an instant gain of $375, even before the official launch of the token. The official token launch will be $0.06, leading to even bigger returns. However, the real excitement will begin after the official launch, with up to 20x gains expected. 

The Mutuum Finance Protocol is now live on the Sepolia testnet, allowing users to access various features such as lending, borrowing, and staking. The platform has features, including liquidity pools, mtTokens, debt tokens, and an automated liquidator bot. At the moment, the platform is supporting USDT, ETH, LINK, and WBTC. With the ability to generate yields, crypto holders can benefit from the use of the Mutuum Finance Protocol, making it a prime candidate for the next big crypto in DeFi.

Unlock Liquidity Without Selling Assets

One of the biggest issues that crypto investors face is the ability to access cash without having to sell off their investments and thus forgoing the opportunity to gain from future price appreciation. However, the borrowing mechanism proposed by the MUTM platform addresses this issue. For instance, if an investor puts in 4 ETH, valued at approximately $12,000, the user can then borrow $9,600 in the form of USDT at an 80% LTV ratio. The ETH remains exposed to future price gains in the market while they access instant cash to attend to their pressing needs. 

MUTM’s Reserve Factor: Safety and Stability in Action

The reserve factor is one of the most important factors in the Mutuum Finance (MUTM) protocol, as it helps ensure the long-term stability of the platform, providing safety and stability for both lenders and borrowers. The reserve factor can be thought of as an automatic risk management tool, where a small percentage of the interest paid by borrowers goes into the reserve pool. This reserve pool is essential in maintaining protocol solvency.

To understand this concept, let’s take an example where a user borrows a stable asset. Suppose that the user borrows 10,000 USDC with an APY of 8%. If the USDC asset has a reserve factor of 10%, then the lender could receive 7.2% of the APY, and the remaining 0.8% goes into the reserve pool. However, in the case where the asset is not stable, the reserve factor must be higher. For example, let’s say that the user borrows an asset with an APY of 12% and a reserve factor of 25%. In this case, the lender receives 9% of the APY, and the remaining 3% goes into the reserve pool.

As the popularity of Dogecoin fades, Mutuum Finance (MUTM) is becoming the next big crypto. The DeFi crypto token, priced at $0.04, is live with its lending platform, secure borrowing, and high-growth potential, making it one of the best utility-focused DeFi crypto investment opportunities.

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

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance