The weak performance of Shiba Inu (SHIB) in September has left investors on their toes, but DeFi is rapidly becoming the topic everyone is talking about with Mutuum Finance (MUTM) soaring into the limelight. This new DeFi altcoin currently at only $0.035 has been voted as the best cryptocurrencies to invest in this month, and is attracting retail and institutional investors. To date, more than 16100 holders have joined in and over $15.45M have been raised. Mutuum Finance has an opportunity to change the industry focus while SHIB is unable to recover its momentum.
Shiba Inu Endures Consolidation as Markets Attack Once More
Shiba Inu (SHIB) is trading at a value of about $0.00001215 and has a small intraday variation between $0.00001203 and $0.00001241. The meme coin has recorded suppressed activity in September, with trading volumes being low and the 24-hour price behaviour showing a consolidation period, instead of an upwards trend. Technical indicators are vague and a golden cross has developed on the shorter terms with good bullish chances, higher measures have shown declining demand and minimal inflow of liquidity.
Since old meme coins such as SHIB are lying flat, investors are now starting to gravitate toward upcoming and utility-oriented altcoins, with Mutuum Finance already beginning to pull a following.
Mutuum Finance Stage 6 FOMO
Investors are joining the project today at $0.035 per token. Waiting until the project progresses into phase 7 will mean paying 14.3% more per token. MUTM has already gained over 16,100 supporters and over $15.45 million.
Official Bug Bounty Program
An active $50,000 USDT bug bounty exists with CertiK and continues to reward and fix potential vulnerabilities in the project code. Once you are a part of this initiative, you will be rewarded according to 4 levels of severity, namely, critical, major, minor and low.
Ethereum-Based Stablecoin
The new entrant DeFi is also developing an overcollateralized USD-pegged Ethereum-based stablecoin. The idea is to prevent an asset that is prone to fluctuating market movements that would trigger depegging.
The Future of DeFi
Mutuum Finance DeFi protocol enables its users to handle their money in the simplest manner of imaginable through passive yielding lenders and liquidity mobilizing borrowers that commit their personal resources to asset securitized portfolios. By the algorithms that adapt the rates and stabilize the ecosystem in the long run, maximum efficiency of the capital is reached.
Risk and Liquidity Management
The protocol also considers the liquidity and the volatility of the market to allow closing the distress position. The exposure of the risk is in the caps and the liquidation parameters. Stablecoins and ETH are less volatile, and therefore can have a more favorable Loan-to-Value ratio, and there are fewer volatile holdings. In any form of token, reserve factors are shifted on the same basis as asset risk and opportunity to participate in the asset safety.
Analysts see a strong rally brewing in Mutuum Finance (MUTM). Meanwhile, lower lows are not out of the question for Shiba Inu (SHIB). Stage 6 tokens cost $0.035, increasing by 14.3% to 0.04 in Stage 7, and $15.45M+ have been raised with more than 16,100 holders on board. Supported by a $50k CertiK bug bounty, an Ethereum based USD stablecoin, and excellent risk management, MUTM has massive growth opportunities as investors start to focus more on utility assets rather than meme coins. Lock in Stage 6 pricing in time to rise again.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
This articles is written by : Nermeen Nabil Khear Abdelmalak
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