Can Any New Crypto Repeat What Dogecoin Did in Its Prime? Here’s What Analysts Think

The most iconic rally of the 2021 bull run was Dogecoin’s 10,000% rise, which many believe only history can record. However, a new crypto has emerged with the potential to record a historic rally of this nature. The newcomer is Mutuum Finance (MUTM), which is currently priced at $0.04 in Phase 7 of its presale and has already shown explosive demand to raise a monumental $19.95 million from a group of 18,880+ investors. Mutuum Finance has offered real utility to investors in the crypto market. An investment of $100 in this crypto asset currently in Phase 7 of its presale can potentially rise to $10,000 if Mutuum Finance repeats Dogecoin’s 10,000% rise. 

Dogecoin Faces the Challenge of Volatility

Dogecoin (DOGE) continues to be in an extremely volatile state as indicated by the recent liquidation situation wherein over $1.2 million in leveraged positions was liquidated due to the asset’s recent decline. This has left many DOGE investors vulnerable and in losses. While the crypto was once a top player in the market, its momentum is gone. Investors are now turning to a new crypto that could turn their fate around. 

Project Valuation & ROI Analysis

While speculative in nature, the analysis of the potential of MUTM according to the presale performance can offer an understanding of the growth pattern of the token. To attain the target of achieving a growth of 10,000% from the current price of the token in Phase 7, which is $0.04, the new target price of the token will be $4. While ambitious, the target is justified given the project’s capability to attract substantial market attention.

Presale Defining Market Confidence

Mutuum Finance’s presale model has set the standard for successful early-stage growth. The token is showing remarkable potential as it grows by an impressive 4x, rising from its initial value of $0.01 to its current value of $0.04 in presale phase 7. The potential is high due to the token’s listing price of $0.06. An initial investment of $4,000 is set to rise to $6,000 after the listing, providing an instant gain of $2,000. Over 18,880 investors have put in $19.95 million into the project. This makes the MUTM the next crypto to explode.

Dual Rewards: Incentivizing a Liquid Ecosystem

Mutuum Finance uses an advanced two-level incentive mechanism that rewards all participants in the ecosystem. This mechanism allows for higher returns to liquidity providers. By depositing USDT into Peer to Contract with a base APY of 8%, an additional incentive of 6% APY in the form of MUTM tokens may be earned, increasing the returns to as much as 14%. On the other hand, borrowers may benefit from incentives such as earning a rebate of 4% APY in the form of MUTM for borrowing $10,000 in USDC with an interest rate of 9%, effectively lowering the borrowing rate to 5%. This incentive mechanism is financed through an allocation of 10% of the entire MUTM token supply.

Project Stability 

The core element of the Mutuum Finance system is its system of risk management that guarantees the stability of the system while providing capital security for the user. The protocol applies a system of dynamically changing Loan-to-Value ratios in real-time according to the changing nature of the markets. For assets like SOL or USDC, which can be defined as blue-chip assets, the LTV can go up to 70% while the liquidation occurs at 75%. This would then allow a user holding an SOL worth $8,000 as collateral to access  up to $5,600 in liquidity.

Mutuum Finance, which has the symbol MUTM, has the potential to mirror the legendary 10,000% growth that Dogecoin has witnessed in the past. At $0.04 during its presale, backed by a whopping $19.95 million in demand, it has the potential to explode in the near future. A $100 investment in the token has the potential to rise to $10,000 should its valuation rise to $4, making it the next crypto to explode in the near future.

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

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