Traders are eyeing Mutuum Finance as XRP slips during global tensions

The XRP coin from Ripple Labs has been among the top performers of the current crypto market cycle. Following its breakout in late 2024, it cemented its position as a top performer, even as Ripple Labs continued to battle the SEC in the courts. That litigation is now ending, but it has not translated into higher upside for XRP. Those who entered XRP early have seen returns of over 300%, marking a significant upswing in the value of their assets. However, a new trend is starting to emerge, driven by a massive surge in on-chain activity. According to the latest data, long-term holders are starting to exit XRP, which signals a shift towards profit-taking. However, analysts are confident that XRP could retain its value above the psychological $2. Amid a lack of upward price movement for XRP, investors are positioning themselves for growth elsewhere in the market. One strategy they are using is to identify presale projects with massive upside and secure their presale tokens. Mutuum Finance (MUTM) has been a major beneficiary of this strategy, which has pushed the presale to new heights. The Mutuum Finance (MUTM) project is a decentralized non-custodial protocol that allows users to deposit assets into one of the pools on the protocol in exchange for interest payments. Interest rates on the protocol’s pools are based on the pool utilization rate. A deep dive into Mutuum Finance (MUTM) As the utilization rate rises, the interest rate rises, which pushes borrowers to repay their loans. At the same time, it incentivizes lenders to deposit more liquidity in the pools to benefit from the rising rates. This design ensures that the liquidity in the pools will keep rising over time, ensuring the long-term health of the ecosystem. Additionally, it ensures the protocol achieves optimal capital utilization for its users. All loans taken out on Mutuum Finance must be overcollateralized, which is done to ensure that there is a buffer in case of market volatility. When volatility causes the value of collateral to drop below a set level, it triggers a liquidation event. The protocol’s liquidators then step in and purchase the debt at a discount, which ensures the long-term stability of the ecosystem. The mtTokens mtTokens are a unique innovation on the Mutuum Finance ecosystem that grant lenders access to instant liquidity. When a user deposits assets in a pool, such as $1,700 worth of BNB in a pool, they receive mtBNB tokens in exchange. These tokens represent the value of their deposit in the pool, plus the interest accrued. The mtTokens are based on the ERC20 token standard. That means they can be traded on secondary exchanges, allowing holders to take advantage of new market opportunities while continuing to earn interest on their deposit within the Mutuum Finance protocol. To reduce pressure on the internal pools, Mutuum Finance plans to foster pools on external DEXs that pair with mtTokens. That will provide an extra avenue for holders of the tokens to redeem them, which will ensure the long-term health of the protocol. How high could MUTM tokens rise? According to analysts, Mutuum Finance (MUTM) tokens could rise by as much as 3,600% when they go live. Based on that forecast, a $1,400 investment in the ongoing presale could rise to $50,400. That projection is based on several developments around the project. One of these developments is the expected beta version launch of the platform on the day of the token listing. This launch is expected to cause a lot of online buzz, which will generate positive publicity for MUTM tokens. Additionally, since Mutuum Finance (MUTM) is already listed on CoinMarketCap, that could improve the visibility of the tokens. With over 350 million monthly visitors to CoinMarketCap, that could be a major source of growth going into the future. The team also expects to list MUTM tokens on various exchanges once they go live. That will provide an easy and convenient means to purchase the tokens, which is expected to lead to a massive boost in the performance of the tokens. Additionally, the Mutuum Finance team plans to launch a buyback program once the protocol goes live. They will purchase MUTM tokens off the open market using protocol revenue, which will ensure long-term value addition for MUTM token holders. All these factors combined have informed the current positive sentiment around MUTM tokens. The MUTM token presale Mutuum Finance (MUTM) is currently in the 5th phase of the presale. In the current phase, tokens are going for $0.03, a 200% increase from the phase 1 price of $0.01. So far, over $11 million has been raised in the presale from around 12,400 unique buyers. In the upcoming phase 6, the token price will go up by 16.67% to $0.035. Summary With the tokens in phase 5 going for a 50% discount, this is one of the best opportunities to get your MUTM tokens. So far, 47% of the tokens in this phase have been snapped up by eager investors, and the opportunity might not last much longer. Get your MUTM tokens for the opportunity at absolutely massive returns. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post Traders are eyeing Mutuum Finance as XRP slips during global tensions appeared first on Invezz

Source: Invezz