With Dogecoin (DOGE) bulls scrambling to hold the price at $0.21 as the market faces an increasing level of uncertainty, there is a rapid shift in investor focus toward an ascending coin, Mutuum Finance (MUTM). Mutuum Finance is in the 6th stage of presale and the tokens are being sold at a price of $0.035.
The price is to rise by 14.29 percent in the Stage 7 to $0.04. The project has already generated over $15.31 million and hosted over 16,000 people and the demand is high with a tendency towards an upward trend. As DOGE buyers are waiting to take their next step, market talk is getting louder about how MUTM can cut a niche in the market.
Dogecoin (DOGE) is trading at approximately $0.215, and it is floating over the crucial support level of $0.21, which analysts consider a turning point to stay in the bullish trend. This area has traditionally been a solid floor between $0.19 and $0.21, and recent whale concentration has made this point even clearer. Should DOGE be able to hold on to this support and move beyond $0.2246, it will open the door to a rise in the price to $0.23-0.25 and possibly even 0.31.
Mutuum Finance is at Stage 6 of the presale, and costs $0.035 each. The presale is enjoying good momentum and high confidence of the early adopters in the feasibility of the new project as the number of investors and the amount of funds raised reached 16,000 and $15.31 million respectively.
The platform will introduce an overcollateralized USD-pegged stablecoin on Ethereum, which can be used in both everyday and decentralized applications, and can be held long-term in a portfolio. That will simplify the process of using it and raise the degree of trust into the platform.
Mutuum’s peer-to-Contract lending taps into the power of smart contracts to conduct the process. Peer-to-peer lending facilitates transactions between lenders and borrowers via direct transactions, which are flexible, transparent and manageable. This two-fold approach places Mutuum Finance as a secure and scalable platform which enables financial inclusion, massive returns and frontiers to both retail and institutional investors.
Dynamic interest rates are applied in the protocol to manage the liquidity. The charges imposed on borrowing are determined by use; low rates encourage borrowing when there is in abundance of capital and when it is limited will encourage the loan being repaid and deposited. Stable rates are predictable among the borrowers, are generally above variable rates, and are present only on sufficiently liquid assets.
Strong based risk controls would require that borrowers over-collateralize and incentivize liquidators to normalize under-collateralized positions. Risky token collateral requirement, deposit and borrow limit on illiquid or volatile assets, are limitations to secondary markets. The capacity to borrow can be increased with correlated assets. Loan-to-Value ratios, liquidation limits, penalties and reserve factors protect the protocol and make it solvent.
Mutuum Finance (MUTM) is on its way up with Dogecoin (DOGE) stuck at $0.21. Stage 6 tokens cost $0.035, and it will go up by 14.29% to $0.04 in Stage 7. Demand is high with the project raising $15.31M+ and an excess of 16,000 investors. With a dual-lending protocol, USD-pegged stablecoin, $50K bug bounty, and $100K community giveaway, MUTM provides end-users with blockchain security and scalability. You can now buy your Stage 6 tokens before they go up again.
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