The crypto market is dynamic, and new coins can rise out of nowhere to claim the top spot. A good example of this phenomenon is Solana (SOL), which just a few years ago was at $2. Today, the price of SOL is around $150, and analysts forecast it could climb higher. One token that has shown the ability to replicate these gains is Mutuum Finance (MUTM) , which is still on the ground floor in its pricing. Tokens are currently in the presale phase, and analysts project massive gains when they go live. Let us take a closer look at what the future holds for MUTM tokens. MUTM presale is a massive success Mutuum Finance (MUTM) is currently in the presale phase, where tokens are going for $0.03. So far, the project has raised over $11.7 million in the ongoing presale, which is barely halfway to completion. Tokens will list for $0.06, with the current price being a 200% increase from the initial launch price of $0.01. The current price of $0.03 is a 50% discount on the final price, which presents an opportunity for massive gains. At this price, you are guaranteed a 100% ROI. This is your chance to act before the price goes up by 16.67% in phase 6 to $0.035. In the next phase, the discount you will receive will be massively reduced. The protocol design Mutuum Finance (MUTM) is designed as a decentralized non-custodial protocol where users can join as lenders, borrowers, or liquidators. Lenders deposit their assets into the protocol’s pool to receive interest, while borrowers deposit collateral to access the liquidity in the pools. To protect liquidity in the pools, all loans must be overcollateralized. That means borrowers deposit collateral that is worth more than the value of their deposit. If the collateral’s value dips below the safety parameters, borrowers have the option to top it up. Otherwise, the loan position is liquidated. During a liquidation, liquidators step in and purchase the debt at a discount. The discount that liquidators receive can be adjusted upwards to get them to act faster, depending on the specific market conditions. Analysts forecast massive gains for MUTM tokens The price of MUTM tokens is currently below $1, at $0.03. However, analysts are optimistic about its future, predicting that it could rise to $3. That would represent a massive 9900% increase, which makes MUTM the perfect token to rise in the next altcoin rally to the top. Based on the expected return, analysts are confident it could make it to the top 100. The Mutuum Finance team has already secured a listing on CoinMarketCap, which will provide everyone with a front row seat to witness the rise of a giant in the DeFi sector. With over 350 monthly visitors, CoinMarketCap is also expected to be an important source of new growth for MUTM tokens. As the token begins to experience initial gains due to the planned buyback program, it will improve its visibility, attracting many new buyers. In the buyback program, the Mutuum Finance team plans to use protocol profits to purchase MUTM tokens on secondary marketplaces and distribute them to stakers in the protocol. These purchases will increase buying pressure for MUTM tokens, helping to boost returns for their holders. To make the most returns, it is important to participate in the presale in the current early phases when the token price is at a 50% discount. Analysts also point to the CertiK audit as another driver of growth for MUTM tokens. The team got a CertiK audit early in the life of the project, and it currently has a Token Scan Score of 95. This score has provided a major confidence boost to presale investors, as it proves this is a genuine project. Mutuum Finance partners with CertiK To ensure the long-term security of the project, Mutuum Finance has partnered with CertiK on a $50,000 USDT bug bounty program. In this program, Mutuum Finance will reward security experts who identify vulnerabilities and create accurate bug reports. The program is split into four tiers of critical, major, minor, and low. This tiered approach ensures that those who identify the most pressing issues receive the biggest rewards. The program will also allow the team to develop deep roots with the global security community. Additionally, partnering with CertiK will ensure that Mutuum Finance implements industry best practices to protect its users. MUTM is poised for a breakout So far, over 60% of the tokens set aside for the current presale phase have been sold out. In the upcoming phase six, the token price will rise by double digits, wiping out the 50% discount available in the current phase. By acting now, you are getting a massive discount at an extremely low price. This could be your last chance at breakout returns before the next altcoin rally. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post Why this under $1 token is on track to join the top 100: could MUTM break out? appeared first on Invezz
