XRPL experienced a massive increase in on-chain activity, with more than 1.05 million payments being made between different wallets within one day. However, despite this high activity, the price of XRP has seen some selling pressure, falling by 6.7% to around $2.04 with its trading volumes doubling to $4 billion. This seeming contradiction between strong usage and weak prices positions the digital currency at a crossroads, with investor attention focused on its immediate direction, as well as interest in other new cryptocurrencies such as defi projects.
XRP Price Analysis
Experts are studying if this payment rise is a precursor to a large movement in the market or if this is a warning within the existing bearish sentiments. The XRP/USD price prediction is testing a strong support level of $1.90, which Is a temporary relief bounce in response to the positive economic news in the U.S. Breaking this strong support may likely trigger a correction down to the value of $1.65, showing a weakening of 19%.
However, as Ripple’s (XRP) position remains clouded with so much ambiguity, smart investors are now focusing their attention on innovative defi crypto projects that always come with some form of utility as well as rapid progression plans. One such project that stands out as the best crypto to invest in option for cryptocurrencies, as preferred by those who focus on projects that are still in their early stages of development, is Mutuum Finance (MUTM).
Mutuum Finance Presale
The presale of Mutuum Finance is currently taking center stage as the next big thing in cryptocurrencies. Currently in phase 6, which is almost full with 95% of its allotted space, the time to pick up MUTM at $0.035 is running out fast. At this rate, this represents a 250% jump from the initial cost in phase one, which was only $0.01.
With Phase 6 running out fast, this represents the last opportunity to invest within this pricing stratified system, as the forthcoming Phase 7 will experience a near 20 percent increase in cost to a rate of $0.04. With the launch cost established securely within the realm of $0.06, those that were involved prior to the launch will realize a profit gain of 450%. In terms of the presale, this effort has netted a remarkable $19,150,000, with a cumulative group of 18,330 holders of the MUTM token.
Putting off the decision to invest now may mean that one of the best entry points that this market will see will be missed. With the increasing speed of the fill rate that is being reached in Phase 6, there is a senior moment of fear of missing out, as the chance to buy the tokens with a starting investment cost, before the anticipated explosion in value, is slipping away with every second that passes.
In addition to the presale dynamics, Mutuum Finance provides other strong selling arguments. It provides better user interaction with the introduction of a new Mutuum Finance Dashboard with a 24 Hour Leaderboard. This lists the top 50 holders, with the first person every day getting a bonus of $500 MUTM, if they conduct any form of deal within the day, resetting every day at UTC 00:00.
The Path Forward
Although the dynamics of the market for XRP remain highly important, the defi crypto market still provides ground-floor investment opportunities with huge growth potential. Mutuum Finance is a case in point. It combines a high-stakes presale with innovative elements and secure infrastructure.
Diversified portfolio owners seeking investment guidance on which crypto to invest in today must examine both established platforms as well as new projects with strong fundamentals. There is no doubt that time is running out as the presale progresses.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/will-ripple-xrp-rise-as-this-defi-crypto-gains-momentum/
