The Ethereum price is still faced with tough market challenges, sticking around the levels of $2,981 and failing to break past the area of resistance at $3,050-$3,060. The latest pullback following the liquidity trend at $2,900 has stalled, with major whale addresses unloading more than 270,000 ETH, amounting to over $793 million in five days. Despite the indication that some investors are buying, the presence of overhead supply and larger unloading of coins indicates limited upside potential.
Parallel to this, Mutuum Finance (MUTM), has now entered the DeFi market as a new entrant. Currently selling for $0.04 in phase 7 of its presale, MUTM has managed to raise $19,600,000 in a relatively short period of time through contributions from 18,660 supporters.
The project offers an investment opportunity for investors at a relatively cheap entry cost in the presale phase, where a $400 investment has the potential to multiply returns by 35 times its value, to $14,000, given the successful implementation of the project’s expansion strategies.
Ethereum Faces Strong Resistance
Ethereum, the second-largest cryptocurrency by market value, remains range-bound at the moment. Technical analysis suggests that the asset is due for correction. The inability to sustain above $3,055 and the subsequent selling pressures emanating from the bigger market players make the chances of a rally remote, and the degree of liquidity present at the level of $2,800 threatens to act as the downside anchor.
Unlike Mutuum Finance which is setting up the framework for supporting revenue-generating infrastructures, the maturity of Ethereum seems to be causing it problems and investors are now pivoting.
Token Sale Success
Mutuum Finance has broken the $19,600,000 funding barrier, adding 18,660 members to the community-based presale for the MUTM token. It is currently at Phase 7, where the tokens are priced at $0.04. This phase is filling up fast, which may well symbolize a final buying opportunity at this price before the presale transitions into Phase 8, which will see tokens sold at $0.045.
The presale is designed to encourage early participation. Those who got in right at presale launch have seen their holdings grow 300%. The current phase presents the best possible opportunity there ever will be for those who were left out. Those who miss the token now are bound to pay higher as prices keep rising. If Mutuum Finance reaches $0.50, investors who buy today reap an 1150% profit. Those who ignore the opportunity and wait to join along with others when MUTM goes live will see 700% or fewer gains.
On top of an unmissable current buy price, Mutuum Finance has a 24-hour leaderboard, which provides a $500 award for the top buyer each day. This is in addition to a running $100,000 giveaway that has encouraged massive participation. This initiative will reward 10 unique presale participants with $10,000 each.
Stablecoin Integration and Growth Opportunities
Mutuum Finance will roll out a stablecoin, which will be pegged one-to-one to the US dollar. This will help create an effective lending system for both borrowers and lenders, all without being exposed to risks associated with market volatility. This will, in return, bring increased liquidity and institutional-level participants, which will help boost revenue and trigger the project’s buyback and distribute system. The importance of this project is that it focuses on real-world utility, with its applications being increasingly realized. Such usability is contributing to its continued interest, thus ensuring that its value proposition is reinforced.
Borrower’s Loan Terms
Mutuum Finance applies a Loan-to-Value (LTV) ratio of around 75–80% for stable tokens like ETH and USDT, while more volatile coins like Shiba Inu and Dogecoin has an LTV ratio of 35–40%. If a borrower’s collateral drops below the safety level, the protocol triggers an automatic liquidation to maintain balance and reliability. This creates a strong DeFi protocol built to last and prevents against bad losses.
With Ethereum running into constraints on scalable expansion and growth, Mutuum Finance stands poised as the best cryptocurrency to buy for rapid growth and expansion focused on the usability within the DeFi ecosystem. As the current phase 7 draws close to its completion and the allocation rate fills up so swiftly, the buy entry point into the platform phases decreases accordingly.
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/ethereum-eth-price-struggles-to-find-support-amid-rising-competition-from-this-next-crypto-to-explode-at-0-04/
