With Ethereum (ETH) experiencing another blow as its most recent breakout movement hits a wall, demand in the crypto markets is turning elsewhere. Mutuum Finance (MUTM) has gone viral, quickly spreading throughout the trading circles and social networks of the market. MUTM accelerating presale has 16,100 investors. MUTM is cutting disruptive narrative at a time when ETH is fighting to regain an upward curve. This new coin has the potential to re-model the existing market.
Ethereum (ETH) is now trading at a price of $4,308.85 with recent price fluctuating between $4,269.20 and $4,430.67. Following another unsuccessful effort to overcome key resistance near the levels of $4,500-$4,800, ETH is in a consolidation process. Analysts say that such support level around $4300-$4400 might be the key to maintaining the picture. Other new tokens are also beginning to rise in parallel with the performance of Ethereum, such as Mutuum Finance.
Mutuum Finance is at Stage 6 presale and tokens are being bought at $0.035 each. Phase seven will add 14.29 percent to the price. Over 16,100 investors have already joined the presale and have contributed more than $15.45 million in capital. This degree of interest indicates that people believe in the long-term vision of the project and its integration into the DeFi market.
The project will be powered by a USD-pegged stablecoin that is already being developed on ETH chain. This long-term overcollateralized non-algorithmic stablecoin is supposed to be stable and secure in the long-term and resistant to the same volatility risk as algorithmic stablecoins that may lose their peg to volatile markets.
Mutuum’s openness and efficiency have given the users the ability to easily switch between traditional direct peer-to-peer modalities and on-the-fly. The new vision of decentralized finance is stable and of institutional quality to meet the non-homogeneity of the organizational and individual needs. These are not uniform in the market and can be extended according to the needs of the clients.
Mutuum Finance is also requesting and paying off white hackers to stress-test the site. Those who find weaknesses in the code base will get a reward pool of $50,000 USDT. The severity should have four levels, which are critical, major, minor, and low. In its bid to align itself with the security element, community development and extended growth, the platform is even running a $100,000 giveaway in which 10 investors will win a reward of $10,000 worth of MUTM tokens. The goal of the team is to not just build a strong ecosystem but to attract attention to it too.
Mutuum Finance (MUTM) is rapidly spreading around as Ethereum (ETH) experiences one more failed breakout. Stage 6 presale tokens cost $0.035 with Stage 7 increasing by 14.29% to $0.04. The confidence in the market is strong as more than 16,100 investors have contributed over $15.45M. The platform is also introducing an overcollateralised USD-pegged stablecoin, two-tier lending system and a robust security infrastructure including a $50K bug bounty and a $100K giveaway. As ETH consolidates around $4,308, Mutuum Finance is a DeFi coin that has a strong upside potential as it continues to rise rapidly. Get your Stage 6 tokens prior to the next price rise.
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