Binance Coin (BNB) has exhibited some positive indicators for short-term growth as it tested the support level around $730. BNB has attracted the attention of analysts as it attempts to rise towards the level of $900. However, BNB growth is largely dependent on the general mood of the cryptocurrency exchange. New cryptocurrency projects represent an attractive investment option for those who wish to avoid risks associated with the growth of a particular exchange. Mutuum Finance (MUTM) has emerged as an attractive investment opportunity as it has entered Phase 7 of its presale, which has attracted thousands of holders.
BNB’s Recovery from Current Levels
BNB has demonstrated some positive growth from the recent test around the level of $730. The Binance exchange has attracted the attention of analysts as it attempts to rise towards the level of $880 or even $900. However, BNB’s next move will be determined by Bitcoin and the adoption of the Binance exchange. Binance needs to hold above the level of $730 on a daily basis; failure to do so may result in a swift decline towards the level of $650.
The BNB volatility demonstrates the risk involved with investing in prominent and established coins, as achieving substantial growth requires perfect timing. In contrast, early-phase coins offer attractive investment opportunities as they provide entry points for investors at lower prices.
MUTM’s Strong Presale Movement
The presale process is designed in such a way that early investors are rewarded the most. The current presale price is $0.04, which is selling out very quickly. The next phase will see the price go up nearly 20%, while the actual launch price is significantly higher. Analysts predict the upcoming listings and the ability to generate real yields as the major drivers for immediate demand upon its launch.
This could see the price reach levels 7x the current presale price in the near future. This means that an early supporter could see their $1,000 investment turn into $7,000, which could be life-changing. It makes it a serious competitor for the best cryptocurrency to buy right now for aggressive portfolio growth.
Live Testnet Showcases Working Protocol
The other major indicator that shows the potential for success for new cryptocurrencies is the ability to showcase a working product. The new cryptocurrency, Mutuum Finance, has already launched its V1 protocol on the Sepolia testnet. This means that anyone can go ahead and test the platform.
The platform allows for the exploration of the actual lending and borrowing features without the use of real money. The testnet includes assets such as ETH and USDT, variable interest rates, as well as the automated liquidator. This shows that the product is already working, making it stand out as the best cryptocurrency to invest in right now.
Tokenomics Designed for Long-Term Value
The tokenomics of the new cryptocurrency are designed in such a way that it will be very beneficial to long-term investors. The new cryptocurrency, MUTM, has a fixed total supply of 4 billion MUTM, with nearly half going to the presale.
The new cryptocurrency also features a buy-and-distribute model. A share of all fees generated within the lending system is used to automatically purchase MUTM tokens from the market. These tokens will then be given out as rewards to loyal users who have staked their assets within the system. This allows token holders to receive a share of the real profits of the system, something that is rarely offered within new cryptocurrencies.
A Strategic Choice for Forward-Thinking Investors
While BNB is working to reclaim lost ground, Mutuum Finance provides investors with a clear and structured growth trajectory, starting from the ground up. For investors looking to research the best cryptocurrency to invest in now for significant returns, the new crypto sector provides the opportunity for investors to make a strategic choice with MUTM.
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/will-binance-coin-recover-for-a-mid-year-short-squeeze-why-mutuum-finance-mutm-is-the-next-big-crypto-instead/
