MUTM quietly positions for a 3,100% move as Dogecoin’s losing streak extends

Dogecoin (DOGE) recently marked one of its longest losing streaks, which has seen the token record an entire week where it has been continuously in the red. The meme coin is now down over 34% in the past week, and analysts forecast the losing streak could continue in the coming days. The streak began when DOGE failed to hold the $0.022 key resistance level, and has since fallen to around $0.16 per token. Historically, the current price has been a key psychological support, and if it dips below that, it could extend the losing streak. The current dip in the price of DOGE has shaken investors who are now looking for growth elsewhere in the market. In this new reality, investors are looking to utility to drive growth, with the focus firmly shifting away from hype-driven meme coins. One of the biggest beneficiaries of this trend is Mutuum Finance (MUTM) , a utility-driven project that is currently in the presale phase. As capital continues to flow into Mutuum Finance, analysts are continually raising their forecasts for the project. Their latest forecasts call for a 3,100% upside for MUTM tokens. The Mutuum Finance (MUTM) project Mutuum Finance (MUTM) is a decentralized lending protocol where users can participate as lenders or borrowers. As lenders on the protocol, they can deposit their assets in a pool to earn interest. The interest they receive on their assets is based on the pool utilization rate. To calculate the utilization rate, the protocol measures the value of the assets being actively borrowed from a pool versus the total value of assets in that pool. As the utilization rate rises, the interest rate rises, which encourages the borrowers to repay their loans. At the same time, it pushes lenders to deposit more assets into a pool to take advantage of the higher yields. The overall impact of these actions is that liquidity on the protocol rises, which is great for its long-term health. At the same time, it ensures optimal capital efficiency on Mutuum Finance (MUTM). To protect the lenders’ assets, Mutuum Finance will implement an overcollateralization requirement for all loans taken on the protocol. That simply means that borrowers will have to deposit collateral of a higher value than that of the asset they intend to take. As further protection, the team will engage in asset vetting, which will entail making exhaustive checks of all aspects of an asset before it joins the protocol. These checks will include a token’s liquidity, volatility, and centralization. Additionally, the team will check the complexity that an asset introduces to the protocol and its potential impact on the gas fees for everyone else. For example, if a token requires specialized changes to the protocol that increase gas fees unfairly, it might not be added to the protocol. When it comes to centralization, the team will weigh the benefits to the community of adding assets with high levels of centralized control compared to the overall challenge that could pose. For instance, a centrally-controlled asset could be suddenly shut down, which could pose challenges to the protocol’s solvency. Fair price discovery on Mutuum Finance One of the cornerstones of the success of a DeFi protocol is that pricing is fair and verifiable. To ensure this is the case on Mutuum Finance, the team plans to implement the Chainlink price oracles, which are widely used in the DeFi industry. Additionally, they plan to introduce backup oracles, which can step in when the primary oracles go down. Furthermore, they plan to use on-chain data when sufficient on-chain volume exists. When it comes to DEX data, the protocol will use a time-weighted price average, which serves as a reference point when determining pricing on the protocol. MUTM token price prediction According to analysts, the price of MUTM tokens could rise by 3,100%. Based on that forecast, a $1,700 investment in the ongoing presale could grow to $52,700. That is a massive return, which could be even bigger depending on how much you commit to the presale. One reason why analysts are so optimistic about the presale is the ongoing $100,000 giveaway , which has triggered a wave of purchases. They expect this momentum to carry into the token listing and beyond. To participate in this giveaway, you only need to make a $50 investment in the presale. With that investment, you could be one of the ten lucky winners who will receive $10,000 worth of MUTM tokens each. The MUTM token presale Mutuum Finance (MUTM) has raised over $11 million in the ongoing presale. The presale is currently in phase 5, where tokens are going for $0.03 each, which is a 20% increase from the phase 4 price of $0.025. In the upcoming phase 6, the token price is set to go up by 16.67% to $0.035. The MUTM token presale is one of your best opportunities for massive returns in 2025. Make sure you get your tokens in the current phase, while there is still a 50% discount on the planned listing price of $0.06. With 47% of the tokens set aside for the phase already sold out, this opportunity will not last long. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post MUTM quietly positions for a 3,100% move as Dogecoin’s losing streak extends appeared first on Invezz

Source: Invezz