The price of XRP has had a very tough six months. Since it hit its high in July of last year, its price has been halved. Today, it trades below $1.50. On-chain data indicates that holders are selling their XRP in the hopes of cutting their losses. This poses a huge problem for investors looking to purchase XRP. The prices of XRP have been slow, and the selling pressure remains high. As a result, investors are looking to the next crypto to explode. They want to find a crypto with a real use case and a roadmap to success, rather than relying on hope.
XRP Struggles Under Heavy Selling Pressure
XRP finds itself in a very difficult position. After losing from its high of over $3.60, it now struggles to trade above $1.40. From the charts, it is clear that each time it attempts to rise towards the $1.50 mark, it ends up being forced back down. This is because there are so many people who bought XRP when it was trading at $1.50. They are now selling it in the hopes of cutting their losses.
Other very important indicators, such as the Spent Output Profit Ratio, have been below one for an extensive period. This indicates that, on average, people are selling their XRP at a loss. They are not holding out in the hopes of better times. This makes it extremely difficult for the price to rise. For investors, it can be a situation where their money is being lost while they wait. For them, it is essential to look for the best crypto to buy now.
Finding a Project Built for Real Use
So, where should an investor look? The answer is a project that is already in the business of building a working product, rather than one that promises to do so someday. One such token is the new cryptocurrency called Mutuum Finance (MUTM). It is a decentralized lending platform. This means that people can use it to lend out their cryptocurrency to make money from the interest they collect, or they can use it to borrow funds. The big advantage is that the project is already live in testing on the Sepolia testnet.
This means that users can give it a go and see how it works using test money. It allows users to use USDT, ETH, LINK, and WBTC as testnet tokens. They also get to interact with core features, among them lending & mtTokens, borrowing & best tokens, and a liquidator bot. For someone looking to know what is the best cryptocurrency to invest in, the fact that the project has a working product is a big advantage.
The best way to make the biggest returns is to get into a strong project early on. Currently, Mutuum Finance is in the presale stage, which means that people can still get in early before it is launched. It is in Phase 7 of the presale stage, and the price per MUTM is only $0.04. This is compared to the price per MUTM, which is set to be $0.06 during exchange launch.
However, the potential for the cryptocurrency is higher than this for many reasons, including the fact that the supply of the cryptocurrency is only 4 billion tokens in total. Almost half of them are for the presale, and over 850 million have already sold. The diminishing supply, combined with the benefits of the live platform, might contribute to the demand after the launch. An investment of $500 at a price of $0.04 will yield 12,500 tokens. If the price goes up due to the demand after the launch and reaches $0.40, which is 10 times the current price during the presale, the investment will grow to $5,000.
Furthermore, there are rewards for long-term holders. A portion of the fees collected from the lending platform will be used to buy back MUTM tokens, which will then be given to users who have staked their assets on the platform. If you have staked mtTokens with a $3,000 deposit, you can potentially receive more MUTM tokens through this process every few months. There is a cycle where you can earn more just by using this platform.
A Clear Path in an Uncertain Market
As XRP struggles with low adoption and constant selling, there is a new strategy that can bring success, even in an uncertain market. Mutuum Finance has set itself apart with a tested product and ways to make money with it. It has a live testnet that has already proven that it works. It also has two markets that provide real yield from day one, and it has tokenomics that reward early adopters with great potential for growth.
If you are an investor looking for a new cryptocurrency that has great potential to explode with good fundamentals, this new cryptocurrency has a great case to offer, especially since it focuses on creating a useful product, which will bring real value.
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/xrp-price-forecast-which-is-the-next-crypto-to-explode-as-xrp-goes-down-more-than-50-in-6-months/
