The crypto markets are under increased pressure as Dogecoin slumps by nearly 9% in a large-scale selloff, breaching an important level of resistance at $0.1495. In this downtrend, Dogecoin is accompanied by the overall selling pressure in bitcoin and utter disappointment in the poor-performing Dogecoin ETFs that failed to attract even meager inflows of just $2.16 million. Presently, Dogecoin finds itself in the downtrend due to its failure to breach an important level of resistance at $0.1383.
In this situation, investors are left wondering what crypto to invest in that has better potential. Factors like the potential for growth are attracting the attention of investors, who are looking for the best crypto to buy during this correction phase.
Dogecoin: Structural Break
Dogecoin’s recent treading makes it obvious how difficult it can be for narrative-driven assets in risk-off markets. The tokens breakdown was overwhelming, and it can be seen that the relative spike in trading volume of 650% above average reinforced this idea. Also, the lack of capital inflows from the ETF launch attempt has neutralized the near-term bullish factor.
Though the asset is technically oversold, indicating that it may be due for a bounce, it has yet to indicate any sort of divergence or turn that may change its course. If DOGE is to change its course, it must overcome the resistance at the level of $0.1495—a difficult task given the current attitude in the markets. Behind this difficulty lies the current trend of smart investors looking for the next big asset, which may be based on solid fundamentals.
Mutuum Finance: Offering an Appealing Alternative
Unlike meme coins that are still very unstable, Mutuum Finance (MUTM) is evidently one of the best DeFi crypto investments, and this is especially evident in the current ongoing presale. MUTM is currently in phase 6 of its presale, which is more than 95% full. In this phase, investors can still purchase MUTM at just $0.035, which is 250% higher than the first phase and prior to the impending 20% rise to $0.04 in phase 7.
Starting at a launch selling price of only $0.06, those who are in on it are looking at making some heavy profits, making it one of the top cryptos to invest in for explosive growth. Having gained over $19,150,000 in funding from 18,330 investors in such a short period for the presale is testament to immense marketplace confidence. There is no doubt that FOMO is at play as this sell-out period nears.
V1 protocol launch & Leaderboard
The benefits of this project go beyond the pre-sale phase. Mutuum Finance is currently working on the development of the next generation of lending and borrowing protocol and aims to launch its V1 protocol in Q4 of this year on the Sepolia testnet. It will include the entire range of DeFi services such as Liquidity Pool and Liquidator Bot and will be operating on ETH and USDT lending & borrowing.
In addition, the project encourages steady interaction through such functions as the 24-Hour Leaderboard, in which the leaderboard leader earns a daily bonus of $500 MUTM. For ease of accessibility, investors are now able to acquire MUTM tokens straight via their card, eliminating any obstacles that were present.
In addition, as the independent security audit process at Halborn is underway, this project re-emphasizes its dedication to vigilance and security, making it one of the top cryptos to invest in. It is due to the convergence of several factors that this option emerges as one of the top choices for investors looking for the best cryptocurrency to invest in during such uncertain periods.
Final Considerations
For those looking for the very best cryptos to purchase at present, it can be tough to reconcile risk and potential gain. Established cryptos that may be struggling can be deals, or revolutionary systems in the very early developmental phase may be showing potential for growth. Now that it has almost completed presale phase 6 and is on the verge of milestones in its development, it is difficult to deny that Mutuum Finance is such an opportunity.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/dogecoin-slumps-9-amid-bitcoin-weakness-is-there-a-better-crypto-to-buy-than-doge-right-now/
