Bitcoin Price Outlook: Will BTC Recover As Price Plunges? Why Experts Are Opting For This Cheap Crypto Instead

The crypto market received a major shock as the price of Bitcoin dropped by almost 15%. The price is now trading around the $60,000 mark. The major cause of the decline is the increased selling from Bitcoin miners, huge outflows from exchange-traded funds, and the huge liquidations that took place. While Bitcoin is still struggling to find its ground, many experts are now turning their focus to new and fundamentally strong projects that provide investors with more than just price speculation. In such a period, it is always better to invest in a cheap cryptocurrency that provides investors with the highest growth potential and a clear use case. 

Bitcoin’s Path to Recovery Faces Major Hurdles

The recent fall of the price of Bitcoin to the $60,000 level indicates that the cryptocurrency is facing major issues. The main cause of the decline is the selling of Bitcoin by miners, as it is now costing miners more to mine the cryptocurrency than the prevailing price in the market. The selling is increasing the supply of the cryptocurrency in the market. The second cause is the huge outflow from investment funds, which is reducing the demand for the cryptocurrency. 

This is the reason investors should look to invest in other projects that provide investors with the highest growth potential and a clear use case, rather than just investing in the highest-priced cryptocurrency. 

Introducing the Mutuum Finance Ecosystem

Mutuum Finance is a decentralized lending platform that is based on the Ethereum blockchain. The platform provides investors with the opportunity to earn interest by providing loans to other users or to borrow funds by providing cryptocurrency as collateral. The platform recently achieved an important milestone as it launched its V1 protocol on the Sepolia testnet.

This testnet version allows the public to test all the main features, such as deposits, loans, and liquidation, before the mainnet version is launched. This ensures that the technology is working and ready, which instills trust among users before the mainnet version is launched.

The Presale Phase and Projected Value Leap

One of the main reasons that experts are keeping an eye on this top crypto to buy is that it is in the presale phase, which has been successful so far. It is currently in Phase 7, and the token is priced at $0.04. It has been structured in such a way that it increases in value after every phase. Once it is launched, it will be priced at $0.06. 

However, it is anticipated that after it is listed on an exchange, it will jump to $0.32. This is expected due to the upcoming potential tier 1 exchange listings, the current presale holders being over 18,900, and the fact that the protocol is already live and working. Therefore, an investment of $1,000 will increase to $8,000 shortly after it is made tradable to the public.

Fixed Supply and Community Incentives

Unlike most cryptocurrencies, which have an unlimited token supply, Mutuum Finance has a fixed token supply of 4 billion. Almost half of this is being used for the presale, which will be purchased by investors. Additionally, it has been fueling the demand for the token through direct community rewards. This includes giving away $100,000 to ten winners in the presale. There is also a daily leaderboard that rewards the top contributor with $500. This ensures that people will be actively participating, which will fuel the demand for the cryptocurrency, making it the top crypto to buy.

A Strategic Choice for Market Uncertainty

Whereas the future of Bitcoin is still tied to the actions of the miners as well as the institutions, the future of Mutuum Finance is quite clear as far as growth is concerned. The success of the testnet launch is a clear indicator of the technical prowess of the project, while the presale is a final opportunity to get involved before the trading commences.

For the investor looking to get involved in a project that has immense short-term upside as well as fundamental strength for the long term, MUTM is a cheap crypto play in a volatile market.

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

Website: https://mutuum.com/ 
Linktree: https://linktr.ee/mutuumfinance