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While Bitcoin (BTC) continues its evolution as a macro asset that has slower and more measured upside, whales in the crypto market are scanning for early-stage projects that promise asymmetric upside. While this change in capital dynamics is casting a light on new projects that offer asymmetric upside and low entry price points with a high degree of utility and adoption, a new crypto that seems to be getting a lot of traction in this environment is Mutuum Finance (MUTM), which is the best cheap cryptocurrency to buy that is now available for a presale price of just $0.035.
While its community seems to be providing early-stage demand that traditionally leads to explosive re-pricings on many projects, this project actually seems to be developing a highly comprehensive and organized platform that offers a great deal on a viable DeFi lending and borrowing experience and interest-bearing token and yield dynamics. While, admittedly, whales seem to be playing a critical prelude as the project readies its V1 Testnet launch in due course, chances appear high that this project could also offer its investors outsized upside that lands it firmly on the map for top cryptos beyond coins like Bitcoin.
Bitcoin Leverage Flush Shakes the Market as Macro Pressure Builds
Bitcoin (BTC) has had a drastic intraday sell-off following the start of the US market hours, dropping below $87,000 in a swift move, eliminating almost $2,000 in 30 minutes, a typical indicator of excessive leverage being cleaned out from the market, rather than a response to market news. About 125 million dollars worth of long liquidations occurred within one hour, further accentuating the downturn. The general market also reflected this turmoil, with Ethereum dropping close to $3,000, and market uncertainties driving concerns about a potential Bank of Japan rate hike and a cautious Fed, both of which negatively impact risky assets. Notably, this drastic leverage-based correction historically fulfills a two-fold function, weeding out flawed market positioning and preparing for a stable foundation to be established after a market scare, causing market participants to take a second look at market exposure, including access to Mutuum Finance (MUTM), the new crypto with high potential.
Phase 6 Presale Almost Sold Out for Mutuum Finance
Mutuum Finance (MUTM) keeps showing positive momentum in its presales. The project has already reached an outstanding sale of 98% in phase 6, and its current token price is at $0.035. The presale has continued to attract over 18,520 token holders, raising over $19.5 million. Mutuum Finance is moving the decentralized finance space ahead by providing a viable financial system that has applications in the real world.
To encourage community interaction, the project is running a $100,000 token giveaway campaign, where ten individuals will receive $10,000 worth of MUTM tokens. The project emphasizes its focus on rewarding the community as well as developing a strong community base. Furthermore, the project has joined forces with CertiK to begin the process of an Official Bug Bounty Program, with a total reward of $50,000 in USDT. The bug bounty challenge consists of levels including critical, major, minor, and low.
Dual Lending Protocol Offers Control, Flexibility
The project has a high-performance decentralized lending platform that combines a Peer to Contract (P2C) and a Peer to Peer (P2P) module. The P2C module relies on self-executed smart contracts that require less human interaction, and the P2P network provides a middleman-free service that enables peer-to-peer lending and borrowing. The result combines the benefits of users maintaining control of their assets and earning a high return while providing a safe and flexible alternative to financial services.
As Bitcoin (BTC) continues to grow, whales in the market increasingly focus on up-and-coming projects such as Mutuum Finance (MUTM) in phase 6 of its presale, which is almost sold out, with over 18,520 individuals participating with a cumulative investment of $19.5 million. Its dual lending protocol, interest-bearing tokens, along with testnet V1, offer tangible utility and make it the best cheap cryptocurrency to buy today.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
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