In 2021, Shiba Inu earned a life-changing amount of money. Since the first buyers entered the market at the token price, it was still low, liquid, and trending upward until widespread market hype started. The same stage is what investors are currently targeting with new projects. One such project is Mutual Finance (MUTM)the price is still pegged at just $0.035 in the current pre-sale stage.
As such, Mutuum Finance, although still priced low in its current pre-sale stage and selling out rapidly as each stage is reached, is a DeFi lending and yield ecosystem that aims to allow consumers to borrow money from the platform and invest in other areas, with the aim of earning yield without necessarily going to a centralized exchange. This venture offers something conspicuously absent from the DeFi sector to date: an innovative risk-pooled asset insurance mechanism that protects lenders.
Shiba Inu price analysis
Price has been repeatedly tested by the resistance of two downtrend lines. A sale occurred after each test. This action shows weakness. However, there are also important technical implications here. That means buying activity remains below levels that protect SHIB from further declines. A decisive move towards the next destination for SHIB price will depend on a clean break above the initial downtrend line. If that happens, there is a good chance that the price will move towards the higher trend line. This is where the real test begins.
A successful breakout of the latter trend line would immediately make market activity more bullish and could lead to a rally like the one SHIB has caused in the past. Until these validation signals are confirmed, SHIB is in the waiting zone with potential momentum, but no guarantees.
Mutuum Finance Presale Phase 6 Exceeds Expectations
Mutuum Finance is still making waves within the DeFi sector as it nears the end of Phase 6 of its presale. With over 90% already sold during Phase 6, the current price per MUTM token is set at $0.035, the final stage before the price increases to $0.04 during Phase 7. The presale event attracted more than 17,950 investors and helped raise more than $18.8 million. What makes Mutuum Finance different is that it has certainly achieved great results not only in the pre-sales phase, but also in other areas such as platform and credit market structuring.
Passive yield and liquidity: the strength of mtTokens
One of the notable aspects of Mutuum Finance is the introduction of mtTokens, which users receive after contributing to the platform. Regular deposits that people make to obtain loans from financial institutions and platforms have funds tied to them and users can earn profits after withdrawals. mtToken allows you to earn rewards in real time. Therefore, people will receive passive income without having to stop operating other DeFi platforms they are using for their initial assets.
This complementarity of yield generation and flexibility greatly facilitates adoption. As more people join to contribute assets to the protocol, the demand to own MUTM tokens to share in the yield generation process will further increase.
Built-in tokenomics
Yet another interesting aspect of the tokenomics model adopted by Mutuum Finance is its purchasing and distribution capabilities. The platform will deduct some fees and automatically use them to purchase MUTM tokens on the market. These tokens will be further redistributed within the ecosystem. Remarkably, such arrangements exert permanent purchasing pressure on the market, thereby establishing an essential link between platform usage and market purchasing demand, rather than mere advertising.
Mutuum Finance successfully raised over $18.8 million from 18,000 participants, with over 90% of Phase 6 sold at $0.035. The Phase 7 price increases to $0.04, which ends the initial phase for participation in Phase 7. MUTM is touted to be the next big crypto to invest in based on its DeFi twin lending structure, mtToken yield mechanism, and buy and distribute tokenomics.
For more information on Mutuum Finance (MUTM), please visit the link below.
Website: https://mutuum.com/
Link tree: https://linktr.ee/mutuumfinance
