Should You Buy SOL Now With Solana Price Crashing? Here Is A Cheaper Alternative For 46x ROI 

Source Cryptopolitan

The recent market volatility in the crypto market has left most investors questioning if Solana’s stunning pullback is a golden opportunity to buy or an indication of more insidious weakness to follow. While others are doubling up on Solana hoping for a reversal, more and more investors are eyeing Mutuum Finance (MUTM), a low-cost altcoin making waves for its explosive growth potential and groundbreaking DeFi model. 

Mutuum Finance (MUTM), in presale stage 6. It is 50% sold with tokens at $0.035, garnering massive interest. With a potential 46x return on investment, MUTM could not only be the Solana alternative, but better bet in this volatile market.

Solana to experience Deeper Correction before Possible Rebound

Solana’s recent movements indicate deeper downside ahead before actual recovery. The formation of a double-top pattern near $250 with a neckline at $230 warns of weakening bullish momentum, while a rising wedge pattern, a bearish warning, signals further declines as trendlines meet. 

The Murrey Math Lines’ ultimate resistance has also led to rejection, a natural reaction after testing such a crucial level. Further, momentum indicators are signaling caution, with the MACD lines crossing bearish and the RSI moving downwards, signaling decreasing buying pressure. Analysts now anticipate a potential fall to the strong pivot zone of the Murrey Math Lines, where Solana may form its next support, potentially setting the stage for a grand rebound once selling pressure wanes.

Strong Early Presale Momentum

Stage 6 presale of Mutuum Finance (MUTM) is already selling its tokens at a cost of $0.035, which is justifiable given the potential of the project. The tokens have been sold to more than 16,600 investors already, and this has pushed the funds raised to more than $16.4 million. Such statistics not only reflect growing demand in the market, but also growing expectation of the release of the project.

How the Ecosystem Operates

Mutuum Finance employs Chainlink oracles in an attempt to deliver operational consistency for lending, borrowing, and insurance premiums on ETH, MATIC, and AVAX.

Redundancy is assured through backup systems such as fallback oracle parameters, composite data feeds and time-weighted averages of exchanges. These are combined as the characteristics of the multi-step process which maintains the price data both normalized as well as on target even in volatile or extreme market conditions. It is this magic which underpins the stability of Mutuum Finance in the market of DeFi markets. Market deviation has a direct effect on the collateral management in the protocol.

Proportions in percentage of loan to value (LTV), liquidation are distributed based on riskiness of the collateralized assets with risk-free tokens being given top priority and of higher risk capped at lower value. Reserve multipliers apart from additional safeguarding to users, will be distributed proportionately: 10% buffer in lower-risk assets, and up to 35% in highest-risk assets.

MUTM is a negative exposure-reducing diversification model. The model is used in illiquid position flipping liquidity protocol management. Risk exposure balancing and liquidation level balancing help Mutuum keep thresholds well calibrated and risk minimized. Collateral tokens, stablecoins, and ETH also enable support for greater LTV ownership of risk, in case of more stable reserves. Proportional distribution of this sort has the greatest reserve potential and reserve safety, yet offers a best-of-all-worlds balance between protection and access.

Prior to Solana Rebound, MUTM Can Blast Off

Solana’s pullback will attempt to entice buyers but with caution as momentum weakens. Meanwhile, Mutuum Finance (MUTM) is racing ahead, raising over $16.4 million from 16,600+ investors with Stage 6 already 50% sold for a paltry $0.035. With an estimated 46x ROI, MUTM is a lower-price, high-potential alternative to SOL. Jump in on the presale now before it expires.

For more information regarding Mutuum Finance (MUTM) please use the following links:

Website: https://mutuum.com/

Linktree: https://linktr.ee/mutuumfinance

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin drops below $110K ahead of $22B options expiry; altcoins tumbleBitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
Author  Mitrade
Yesterday 07: 23
Bitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
placeholder
Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBCTesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Author  Mitrade
Yesterday 07: 19
Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
placeholder
Dollar Weakens and Stocks Stall as Gold Rises Ahead of Fed DecisionOn Wednesday, global markets saw the dollar weaken, shares dip slightly, and gold rise to new highs as investors prepared for the Federal Reserve’s anticipated interest rate cut later in the day.
Author  Mitrade
Sept 17, Wed
On Wednesday, global markets saw the dollar weaken, shares dip slightly, and gold rise to new highs as investors prepared for the Federal Reserve’s anticipated interest rate cut later in the day.
placeholder
Key Challenges Ahead for US-China TikTok Ownership DealA newly announced framework agreement between the United States and China aims to shift TikTok’s ownership to U.S. control, raising numerous questions and challenges.
Author  Mitrade
Sept 17, Wed
A newly announced framework agreement between the United States and China aims to shift TikTok’s ownership to U.S. control, raising numerous questions and challenges.
placeholder
Oil Prices Rise Following Attacks on Russian Energy Infrastructure Oil prices climbed further on Monday as markets reacted to Ukrainian drone strikes targeting Russian refinery infrastructure, raising concerns over potential disruptions to Russia’s crude and fuel exports.
Author  Mitrade
Sept 15, Mon
Oil prices climbed further on Monday as markets reacted to Ukrainian drone strikes targeting Russian refinery infrastructure, raising concerns over potential disruptions to Russia’s crude and fuel exports.
goTop
quote