Ripple (XRP) Pushes Upwards While One New Crypto Explodes in Popularity

As Ripple (XRP) is slowly recovering through new institutional investments, another new cryptocurrency has also emerged in the market. Mutuum Finance (MUTM), is a DeFi crypto that is gaining popularity because of its utility-focused model, which features a decentralized lending and borrowing platform. This ensures that there is actual utility created in the blockchain rather than simple speculation. Currently, MUTM is in Phase 7 of its presale stage, priced at $0.04 and also has an increasing community base among its holders. 

XRP Price Analysis

Ripple (XRP) has recently climbed above $2 as the crypto market recovers. However, XRP faces strong resistance at $2.40 and $3 levels. The crypto maintains a top spot in the market, but growth remains capped. Investors looking for the next big thing are turning towards Mutuum Finance (MUTM).

MUTM Security and Incentives

Security is one of the foundations of the development of the Mutuum Finance project. The project has undergone a CertiK audit with a 90/100 Token Scan score and partnered with Halborn Security for the full audit of the core lending/borrowing contracts. To complement these audits, a $50,000 bug bounty program encourages external security researchers to search for potential security issues before the project is released to the public.

In addition to the technical security measures, MUTM also encourages and rewards engagement. The top presale contributor each day wins $500 in MUTM, and a  $100,000 giveaway will reward ten people with $10,000 each. These efforts encourage people to engage with the platform and increase the number of holders as it gets ready for the Sepolia testnet and mainnet launch.

Momentum in Presale

The presale of Mutuum Finance has helped in designing a growth chart that favors early birds. Phase 7 is the final chances for investors to invest at $0.04 before entering Phase 8, where the prices increase to $0.045. Entering early means reaping the biggest rewards. For example, an individual who invests $5,000 in MUTM when it is at $0.04 will end up seeing their value rise to $7,500 when MUTM launches at $0.06, a gain of $2,500 long before the crowd catches on. Projections after launch indicate that if MUTM has adoption levels seen in other successful DeFi crypto tokens in their early stages, that initial $5,000 may be worth more than $100,000 when MUTM reaches a value of $1. This shows why this new crypto is being closely followed by early adopters.

L2 Integration Makes DeFi Affordable

The integration of Layer-2 technology by Mutuum Finance brings about greater accessibility of decentralized finance. In Ethereum’s mainnet network, for instance, a small investor who wishes to invest $1,000 worth of ETH as collateral to borrow the platform’s stablecoin may end up paying between $20 and $50 for gas fees for a series of transactions such as depositing, borrowing, repaying, and withdrawing.

With a Layer 2 network, the same transactions can be had for as little as cents. It becomes easier for investors to organize their loans and collateral, close positions when necessary, or prepay a loan when it suits them without diminishing returns through fees. Mutuum Finance thus opens the door for smaller investors to take a proactive role in DeFi. Not only will this cost-effective solution ensure that lending and borrowing are no longer the domain of whale investors, but it will also make Mutuum Finance an even more inclusive and viable DeFi crypto solution and further cement the sustainability and future success of the protocol.

Why Investors Are Taking Notice

Investors are beginning to realize that in terms of early entry investment opportunities in DeFi crypto, Mutuum Finance offers something unique. It offers more than what’s already in the market. Despite XRP’s recovery, the new crypto stands out as the better investment.

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

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance