Shiba Inu holders are acting on a strategic level, pivoting to newer projects as SHIB remains volatile. Their interest has now turned to Mutuum Finance (MUTM), a $0.035 coin that is gaining popularity among investors looking for more profitable investments. The project has raised an amount of more than $15.68 million and has more than 16280 people supporting it. As Shiba Inu continues to stay in the limelight, astute traders are also seeking Mutuum Finance due to its expanding ecosystem and how it could reshape the market.
Shiba Inu Sits on $0.0000134 Stability in the face of a market squeeze
Shiba Inu (SHIB) is also trading at a low price of $0.00001341, still in range over the past few days, and has an average intraday volatility. This relative stability of the token has been observed as compared to the time when it was more volatile in earlier years, which captures the overall market conditions and mood of the holders of the token. The amount of trading is steady, which has shown that people are still interested in SHIB, and there have been no strong directional changes.
The token is still experiencing consolidation stage as price action is limited by resistance at almost $0.0000137 and support at almost $0.0000129. Market participants are still keeping an eye on the macro trends and activity that could influence SHIB, but emerging projects like Mutuum Finance are also a threat.
Mutuum Finance Presale Gains Traction
MUTM token presale round 6 proves that many investors are confident in the project, as it has already attracted over $15.68 million and had more than 16280 participants. Those investing in this stage will be able to enjoy huge potential gains after the launch of the token. Outside the presale, Mutuum Finance is building out a multi-faceted ecosystem, which consists of a stablecoin on the Ethereum blockchain, which guarantees security and reliability to the users.
$50,000 Bug Bounty Program
In order to strengthen the security of the platform, Mutuum Finance has collaborated with CertiK to introduce Bug Bounty Program with a reward of up to 50,000 USDT. The program welcomes white-hat hackers, security researchers and developers to report vulnerabilities. The bugs are rated based on their severity, critical, major, minor, and low with payouts based on the amount of risk involved. The protocol is reinforced, user balances secured, and investor confidence strengthened by this initiative.
Incentives Development and Community
Mutuum Finance has also launched a community giveaway of $100,000 to encourage early adopters and compensate those who become the most active users. Ten of the lucky winners will win $10,000 MUTM tokens each, which proves that the project is determined to create a powerful and active user base and promote the growth of the ecosystem sustainably.
Liquidity Management, Volatility and Market Risk
The protocol proactively regulates the market exposure by having strict limits, liquidation limits, and liquidator compensations in times of illiquidity. Asset volatility has a direct impact on Loan-to-Value (LTV) ratios and liquidation policies: the more volatile is an asset the stricter are risk parameters, the more liberal lending policies can be. Further, the reserve multipliers are also scaled depending on the risk level of assets, which makes sure that the protocol is stable, secure, and resilient in every market.
Community and Security
Mutuum Finance does not merely aim to create a safe and scalable DeFi protocol, but also to build a powerful network of investors, users, and holders of tokens. Since the launch of the presale, MUTM has launched several rewarding schemes to attract rewards to its members, enhance the connection of the community and secure durability among the ecosystem. The implementation of a combination of strong security and user engagement is establishing a secure and reliable DeFi space and making the project sustainable.
Mutuum Finance (MUTM) is drawing the attention of investors of Shiba Inu (SHIB) as they move to utility tokens with high potential. Stage 6 presale tokens are valued at $0.035 where the campaign has already raised more than $15.68 million and has 16,280+ participants. MUTM includes a $50K CertiK bug bounty, a $100K community giveaway, and an Ethereum-based stablecoin, all three elements of security, innovation, and growth potential. Get your MUTM tokens now because the price is going to go up in the next round of presale.
For more information regarding Mutuum Finance (MUTM) please use the following links:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/shib-millionaires-are-pivoting-to-this-0-035-utility-coin-eyeing-50x-returns/
