The cryptocurrency market is under a lot of pressure, with Bitcoin facing a potential drop to as low as $66,000, with billions of dollars in liquidated positions. In such a challenging period, intelligent traders look for alternative cryptocurrencies that are solidly founded and hold tremendous potential for future growth. A new cheap cryptocurrency, Mutuum Finance (MUTM), is gearing up to deliver tremendous gains with its working protocol and solid tokenomics, making it one of the best cryptos to buy now.
Bitcoin’s Current Situation and Market Uncertainty
The price of Bitcoin is currently testing a critical level of support around $75,000. In recent days, there has been a sharp drop in Bitcoin, with over $6 billion liquidated from the market. Currently, traders are becoming more and more confident that Bitcoin will drop further.
In such a scenario, if Bitcoin slips below its current level of support, it is likely that it will drop to as low as $66,000. In such a challenging period for top cryptocurrencies, new cryptocurrencies are gaining attention from traders, making it a good time to look for the best cryptos to buy.
Mutuum Finance Presale: A Last Chance to Buy a Cheap Crypto
Mutuum Finance is currently in Phase 7 of its presale, with a token price of just $0.04. It is considered a cheap cryptocurrency that is likely to increase in value once it is publicly traded. More importantly, the launch price is set at $0.06, but analysts predict an exponential increase in value over time, reaching as much as $0.30 to $0.40 in no time after the listing on the exchanges.
This is because there is a fixed total supply of 4 billion tokens, with 45% reserved specifically for the presale, thus immediately creating scarcity once the tokens are launched on the market. In addition, the project has a live working product, setting itself apart from other DeFi tokens, and includes numerous passive income opportunities, including a buy-and-redistribute mechanism. Therefore, an investment of $500 has the potential of increasing exponentially to $3,750 in a very short time, thus making it the best crypto coin to invest in now if you are seeking substantial gains on your investment.
A Proven Protocol on Testnet Builds Confidence
Aside from the token sale, Mutuum Finance has already developed a V1 protocol that is already live on the Sepolia testnet. Therefore, the public is free to examine the live demo of the lending and borrowing mechanism of the platform. The testnet has already demonstrated its capability to support assets such as ETH and USDT, thus proving its viability as a platform.
Sustainable Demand Through Buyback and Distribution
One of the most important aspects of the platform is the buyback and distribute mechanism that is designed to reward liquidity providers with staked tokens. A percentage of all fees generated from the lending activities on the platform will be utilized in the automatic purchase of MUTM tokens from the market. The tokens are then redistributed to users who stake their mtTokens on the ecosystem.
For instance, if the platform is generating $1 million annually in fees, a substantial percentage of this will be utilized in the continuous buying of MUTM tokens. Here, an investor with $10,000-$15,000 staked could receive a dividend of $1,000-$1,500 or more.
Positioning for Exponential Growth
While Bitcoin is going through a challenging period, Mutuum Finance provides a calculated opportunity. With its presale price, its proven protocol, and its inherent model for creating demand, there is a strong potential for it to appreciate when its ecosystem goes live. This is a cheap cryptocurrency that can be invested in by those looking to capitalize on the volatility of the market.
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/bitcoin-price-forecast-btc-risks-another-drop-as-this-cheap-crypto-readies-for-sharp-rally/
