Solana (SOL) increased 12% in the past 24 hours, which shows new bullish momentum across the altcoin market, but the real excitement is surrounding Mutuum Finance (MUTM). Priced at $0.035, the new DeFi token has been picking up traction in presale. Existing holders are positioning themselves for at least a 300% returns.
Mutuum Finance has passed $14.45 million in capital and over 15250 investors. Mutuum Finance is gaining investor momentum with its groundbreaking lending-and-borrowing protocol and growing community support, becoming a potential breakout contender in the coming few months.
Solana (SOL) is at about $202. It reflects a strong 14% rise over the last 24 hours as sentiment among markets and institutional players picks up again. On technical levels, if SOL can sustain levels above $200, then it can very well cause a medium-term upmove towards $220–$230 on the basis of a breakout of an ascending triangle pattern along with rising momentum indicators. Meanwhile newer DeFi tokens such as Mutuum Finance are also drawing in investment from buyers.
Mutuum Finance has initiated presale round 6 at a price of $0.035. The price will rise by 14.29% to $0.04 in the subsequent stage. Presale has secured over 15250 investors and has raised over $14.45 million thus far.
Mutuum Finance (MUTM) is launching a stablecoin to be pegged to the USD on the Ethereum blockchain. It will be a stable and secure investment product in an effort to avoid risk and volatility that are traditionally associated with algorithmic stablecoins.
Mutuum Finance employs a two-model strategy in achieving optimal flexibility and efficiency by making use of Peer-to-Contract and Peer-to-Peer lending models.
Peer-to-Contract uses self-enforcing smart contracts, which will automatically carry out the lending without any human intervention at all. They run at various speeds in the market with an unknown rate of interest based on then-prevailing demand and supply of an interest in real time. Peer-to-Peer model eliminates brokers and allows lenders to deal directly with borrowers.
Mutuum Finance (MUTM) will launch a USD-pegged stablecoin on the Ethereum blockchain. It will be a robust and reliable product to eliminate risk and uncertainty associated with algorithmic stablecoins. The project is also audited with a 95.0 trust score by Certik.
Mutuum Finance has announced the Bug Bounty Program with the value of the reward pool being the sum of $50,000 USDT. Four types of severity are available. They are critical, major, minor, and low. The project is also running a $100,000 giveaway to activate the project community. 10 investors stand a chance to receive 10,000 of MUTM tokens.
Solana’s 12% rise to $202 levels has ignited hopes again, but the excitement is now with Mutuum Finance (MUTM) as it has already hit over $14.45 million in presale from over 15,250 investors. Trading at $0.035 in phase 6, MUTM is set to rise by 14.29% in the next phase, kindling expectations of 300% returns after listing. The project’s dual lending model, USD-pegged stablecoin, 95.0 trust score by CertiK, and $100,000 community giveaway put it in a category as one of the top DeFi players with great potential. Investors interested in grabbing this one early need to acquire MUTM tokens before the next price surge and be ahead of the next breakout opportunity in the market.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance