Bitcoin hits $124,500 as this cheap altcoin gains momentum

Bitcoin has surged to a record $124,500 on major exchanges this week. This significant milestone underscores renewed institutional confidence. 

Simultaneously, investor attention is broadening beyond Bitcoin. Momentum is building noticeably within the altcoin segment. 

One affordable altcoin, Mutuum Finance (MUTM), exemplifies this rising trend. Its presale progress highlights substantial investor appetite for innovative DeFi solutions offering tangible utility.

This divergence often signals shifting capital flows towards promising altcoins.

Bitcoin’s price surge and market crossroads

Bitcoin’s climb past $124,500 marks a powerful rally. This surge is absorbing considerable market liquidity. Samson Mow, a prominent Bitcoin advocate, outlines two potential scenarios. 

Bitcoin could continue its dominant “Omega up” trajectory. This path would likely drain capital from altcoins, potentially causing 30-40% declines. Alternatively, intensifying altcoin mania might trigger a temporary Bitcoin sell-off. 

In other terms, this dynamic is the “Bagholder’s Dilemma”. Investor capital frequently rotates between Bitcoin and altcoins based on perceived momentum. 

Further, Bitcoin’s dominance has already dipped below 60% for the first time since January. Historically, this signals the potential start of an altcoin season. Experts like Henrik Andersson see continued strength in DeFi and tokenization driving altcoins.

Mutuum Finance (MUTM) presale momentum accelerates

Mutuum Finance (MUTM) is capturing significant investor interest during its ongoing presale. Currently, Phase 6 is underway, offering tokens at $0.035 each. This price represents a substantial 250% increase from the opening phase price of $0.01. 

Demand remains exceptionally high. Over $14,450,000 has been raised since the presale began. More than 675 million MUTM tokens have already been sold. 

Further, a growing community of 15,250 holders now supports the project. Phase 6 is progressing rapidly towards a sell-out. This offers a closing window for investors to acquire tokens at the current $0.035 rate. 

Phase 7 will then commence, implementing a 14.3% price hike to $0.04 per token. The official launch price is confirmed at $0.06. Therefore, current Phase 6 investors stand to gain a potential 400% return.

Mutuum Finance (MUTM) utility and security assurance

Mutuum Finance (MUTM) is not merely speculative; it delivers concrete utility within decentralized finance. The project is developing a dual-lending platform.

This integrates Peer-to-Contract (P2C) and Peer-to-Peer (P2P) protocols. P2C allows tokenization of blue-chip assets like BTC and ETH, generating yield. 

P2P facilitates direct lending agreements between users, often at higher variable rates. Crucially, security forms a cornerstone of the project. Mutuum Finance successfully finalized a comprehensive Certik audit. This rigorous assessment yielded an excellent 95.00 security score. 

The audit found no vulnerabilities in the audited smart contracts. Furthermore, no security incidents have occurred in the past 90 days. Complementing this, Mutuum Finance launched an official Bug Bounty Program with CertiK. 

A substantial $50,000 USDT reward pool incentivizes ethical hackers. Rewards are tiered based on vulnerability severity: critical, major, minor, and low.

Community engagement and project incentives

Mutuum Finance (MUTM) actively fosters its growing community. A major $100,000 MUTM giveaway is currently running. Ten fortunate winners will each receive $10,000 worth of MUTM tokens. 

Participation requires completing specific quests. Importantly, eligibility mandates a minimum $50 investment in the Mutuum Finance presale. Providing a valid wallet address for potential prize receipt is also essential. 

Additionally, the project has introduced a dynamic dashboard featuring a leaderboard. This ranks the top 50 MUTM token holders. Holding a position within this elite group earns bonus token rewards. This mechanism incentivizes long-term holding among significant stakeholders. 

Projections among some analysts suggest significant post-launch potential, envisioning MUTM reaching between $1 and $5 based on its utility and market positioning.

Seizing the altcoin opportunity

Bitcoin’s record high signals robust crypto market health. Concurrently, the accelerating presale of Mutuum Finance (MUTM) highlights vibrant altcoin potential. Its unique dual-lending model addresses real DeFi needs. 

Strong security credentials via the Certik audit provide essential trust. The current Phase 6 price of $0.035 offers a strategic entry point before the next increase. 

Investors seeking exposure to a promising altcoin with clear utility should examine Mutuum Finance (MUTM) immediately. Participate in the presale today before Phase 6 concludes.

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance 

The post Bitcoin hits $124,500 as this cheap altcoin gains momentum appeared first on Invezz