It is also seen that in each cycle, there are some of the best performers that have been identified before looking noticeable. These are the projects that are typically similar in two aspects. They sell cheaply and they are making evident advances before wide recognition takes place. With markets looking to the next crypto step, some interest is beginning to pile up around a single DeFi crypto which fits the spec. It is a project called Mutuum Finance (MUTM).
Mutuum Finance (MUTM)
Mutuum Finance is creating a decentralized lending and borrowing protocol that is expected to launch soon. The goal is simple. Allow users to earn interest by providing an asset, and allow others to borrow cash without writing off an asset.
As an example, a user is capable of feeding the protocol with ETH and eventually gets interested. The assets can be borrowed by another user through locking of a collateral and paying interest. Rates go up and down depending on the liquidity available and the amount of it being borrowed. This maintains a balance of the system through various market conditions.
Official statements made by the team on X indicates that V1 of the lending and borrowing protocol is in the process of being tested on the Sepolia testnet. This is a major transition to development into live testing. Halborn security has also reviewed the lending contracts and the audit is done.
Presale Growth and Participation
Mutuum Finance is already a successful startup with a base of approximately 18,700 holders and collected funds of $19.5M. The reason why these numbers are important is that they indicate that the project does not begin at the very bottom. Broad based holders are usually an indication of increased confidence and viability over time as compared to temporary spurts of activity.
It was initially issued at $0.01 and now valued at $0.04 in phase 7, which is approximately 300% higher than it was at its initial stages. This gradual increase indicates that there has been growth in demand owing to the milestones of development that have been achieved. To most people who follow the crypto prices nowadays, such movement usually reflects an early move as opposed to late entry.
There are 4B MUTM tokens in total. Out of it, 45.5%, approximating 1.82B tokens, have been designated to presale. To date 820M tokens have already been sold. This translates to a high proportion of supply at the early stages and the allocation is getting narrower.
With development in distribution, sensitivity of price is frequently heightened. The number of tokens, which are retained, is fewer at lower prices and this can alter the responsiveness of new demand to price.
Stablecoin and Phase momentum
One of the concerns that any DeFi crypto that handles liquidity is concerned with is security. MUTM has a KimK TokenScan score of 90/100, which indicates the analysis of token organization and transparency. In addition to the
Mutuum Finance’s official roadmap consists of developing a stablecoin too. Borrowing and lending of assets that are stable will facilitate repeat use in volatile or sideways markets. This can assist the protocol being active even in case larger crypto prices decelerate.
This system will be based on reliable pricing. Mutuum Finance will leverage oracles which are decentralized, such as Chainlink fallback data feeds. The correct pricing is necessary in case of collateral valuation and liquidations.
There is evidence of increased interest in the recent past. Phase 6 was quickly sold out and this restricted allotted allocation and made the project enter the subsequent phases. There has also been an observation of a recent whale allocation of $100K by market commentators, which tends to point more towards longer term positioning as opposed to short term trading.
Why Several Investors See 600% Potential
The debate on 600% upside is based on timing and structure. MUTM is below $0.05 and most of its groundwork has already been laid down. Analysts tend to equate this to early-stage DeFi projects which reprice after going live.
Assuming that when V1 grows and the amount of lending moves up, there is the thinking that the token may travel much higher than it is today in the long-term. This perception relies on implementation, growth of users and market conditions.
Mutuum Finance is a mix of the low price, visible progress, and focus on the product. Funding is in place. Security checks are over and done with. A beta launch is approaching. Supply is narrowing as distribution is expanding.
Among the cheap cryptocurrencies, the one that comes to mind, for those with the question of what crypto to purchase today, is MUTM, as the story behind it is about usage and not noise. It is the reason why for less than $0.05, this crypto is looked upon by many people as one of the more closely followed projects entering the next stage of the market.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://www.mutuum.com
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/the-cheapest-crypto-under-0-05-that-is-poised-for-600-upside-potential/
