Ethereum Price Prediction: If ETH Hits $3500, This New Crypto Coin Could Lead the Next Altcoin Rally

Source Cryptopolitan

As Ethereum (ETH) aims for $3,500, market participants are eagerly anticipating the start of a larger altcoin rotation. Investors are closely watching for signs of a broader altcoin rotation, toward smaller, cheaper cryptocurrencies with rapid growth potential. One such cryptocurrency that has recently gained attention is Mutuum Finance (MUTM), a DeFi-based platform that is now in Presale Phase 7 at a price of $0.04. Soon, it will enter Phase 8, where the token price will increase nearly 20% to a new price of $0.045. This means a $1000 investment today, becomes $1200 in just days and by the time MUTM launches at $0.06, it will become $1500. These are gains being seen even before the crypto goes live. 

Given that more than $19.65 million has already been raised during presale stages, with presale allocations filled fast and a vision focused on enabling a completely non-custodial and Decentralized approach towards lending and borrowing, MUTM is a cryptocurrency that has the potential to perform well during the next altcoin rotation.

Ethereum Price Analysis

The price of Ethereum is seen trending near $3,139 due to institutional accumulation and updates that provide a positive outlook for the future for the project. These include institutional accumulation of 44,000 ETH from BitMine, the Glamsterdam update, and the Heze-Bogota update for privacy and decentralization. Vitalik Buterin’s latest scaling update for ETH is once again emphasizing the decentralization features of the project. By re-emphasizing these features, it once again places the importance of the Ethereum chain in providing the backbone for smart contract technology. Although the fundamental outlook for ETH is positive, the market cap of the project limits its potential. 

mtToken Rewards

Mutuum Finance offers a real-world use case that goes beyond speculating, as it is a complete non-custodial lending and borrowing system. Users lock their cryptocurrencies, like USDT, and get mtTokens in a 1:1 ratio, earning interest rates over time. For instance, an individual who locks $5,000 in USDT could earn 8-12% APY, making $400-$600 a year without having to sell their cryptocurrency holdings. Users have complete control of their assets and earn passive income, which sets MUTM apart from hype tokens.

Mutuum Finance is still in the early stages of the growth process. The pricing for the cryptocurrency is set at $0.04 in Presale Phase 7, and the launch price will be at $0.06. This in itself offers value to the holders before the market listing even happens. Currently, the platform has been responsible for raising over $19.65 million from more than 18,710 distinct holders in the seven presale stages. The pricing for the presale stage 8 will be at $0.045.

 V1 protocol launch, to be launched on the Sepolia testnet in Q4 2025, shall bring major features like Liquidity Pools, mtTokens, Debt Tokens, and an Automated Liquidator Bot to the community. To start with, the protocol will be compatible with ETH and USDT, and more assets will follow afterwards.

The total number of MUTM available is limited to a maximum of 4 billion tokens, without minting in the future, making it better than other inflationary networks. In total, 1.82 billion MUTM (45.5%) is available for presale, and more than 800 million MUTM have already been sold.

Buyback & Redistribution 

The Buyback & Distribute part of Mutuum Finance distributes funds generated by its protocol for buying MUTM on the market, giving rewards for staking mtToken, where mtToken is an ERC-20 digital asset whose value is pegged at 1:1 with customer deposits. The customer gets 8,500 mtUSDT after depositing 8,500 USDT, allowing for a 10-12% annual yield, resulting in approximately $850 to $1020 passive income, allowing users of MUTM to get more rewards while taking advantage of its growth in value and market liquidity. Such strong market mechanics make it not only a new crypto coin to watch but also a top crypto to buy now for early investors.

With a combination of staking rewards, structured reward schemes, and real DeFi usability, Mutuum Finance provides a compelling value proposition for investors seeking huge returns on investment. With a presale value of $0.04, there are strong indications that even small investments will have immense value as the token gains market support. Investors looking for the best crypto to buy now will find that MUTM is ideally positioned to deliver strong returns.

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

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Author  Beincrypto
Dec 17, 2024
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
placeholder
Analyst Flags XRP as Market’s ‘Best Risk/Reward’ Play as Token Tests Critical $1.60 SupportCrypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
Author  Mitrade
Feb 03, Tue
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
placeholder
Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Author  FXStreet
Feb 05, Thu
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
placeholder
Bitcoin Drops to $70,000. U.S. Government Refuses to Bail Out Market, End of Bull Market or Golden Pit? The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
Author  TradingKey
Feb 05, Thu
The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
placeholder
Bitcoin Surrenders $65,000 as Analysts Warn of ‘Structural’ Market BreakBitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
Author  Mitrade
Feb 06, Fri
Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
goTop
quote