DOGE declines as October nears; analysts highlight DeFi crypto targeting $2

Before October, DOGE had taken a big drop, which has made traders rethink their positions and look for altcoins with better structural value and upside.

Analysts are looking to DeFi-focused tokens more and more as alternatives for steady growth. Mutuum Finance (MUTM) is one token that is getting a lot of attention. People are talking about MUTM as a cryptocurrency that could hit $2 by 2026.

Its innovative lending and borrowing infrastructure and clear roadmap make this possible, which is something that memecoins like DOGE can’t do this cycle.

Mutuum Finance (MUTM) Phase 6 is priced at $0.035, and it will raise about $16.73 million in this phase. As of now, 55% of the 170 million tokens have been sold, and the project has over 16,750 users. There are a total of 4 billion MUTM in circulation.

The team has said that they are working on their lending and borrowing protocol, which will be the main way that the site makes money and is used by many people.

The price is predicted to rise 15% in Phase 7, to $0.040. This is a very important time for investors to buy MUTM before the next presale stage.

DOGE

As October approaches, Dogecoin is once again showing signs of being weak. It fell below $0.2500 not long ago, giving in to rising selling pressure as technical signs become more bearish.

The drop is due to less interest from regular people and a weakening swaps market. For example, futures open interest has dropped to about $3.83 billion, from a high point of $6 billion in September. Both MACD and RSI are showing negative signs, which makes the falling trend stronger.

DOGE is still trading between its 100-day and 50-day exponential moving averages. There is a rising wedge on the chart that points to a possible failure. If support fails, there could be a big move toward $0.30. In short, the near-term picture for DOGE is not good unless bulls step in soon with a lot of strength.

Why $2 is credible

A dual lending system will be used by Mutuum Finance (MUTM). Peer-to-Contract (P2C) pools will take care of stablecoins and blue-chip assets, protecting savings with low risk.

There will be more opportunities for higher-yield token lending on peer-to-peer (P2P) markets. This split separates the risk for investors who want to be safe while giving users who want to make more money more options. This creates a solid base for the protocol to continue growing.

The path for Mutuum Finance (MUTM) to $2 is backed by a number of different demand drivers.

The planned decentralized stablecoin will be created using ETH and other accepted collateral, and it will be burned when repaid or liquidated. This will encourage people to borrow more, which will directly bring in money for the platform.

The money made from lending and borrowing will be used to buy MUTM on the open market and given to stakeholders.

This will keep buying and increase the value of the token. Layer-2 integration and a beta launch will speed up onboarding, which will increase total value locked (TVL) and daily user action, which will increase fee generation.

Lastly, the planned Tier-1 exchange listings will make it easier for both institutional and retail participants to get in and out of the market.

It makes sense that as these mechanisms work in order—more users leading to higher TVL, higher fees, buybacks, and staking rewards—there will be more demand for MUTM, and structured price discovery will move toward the $2 goal by 2026.

Security & roadmap

Mutuum Finance (MUTM) is underpinned by a strong security framework. The CertiK audit achieved a Token Scan score of 90.00 and a Skynet score of 79.00, with the audit timeline requested on 2/25/2025 and revised on 5/20/2025.

A $50,000 USDT bug bounty is active with tiered rewards: Critical up to $2,000, Major $1,000, Medium $500, Low $200. An ongoing $100,000 giveaway will reward ten winners with $10,000 in MUTM each.

The roadmap includes the upcoming beta release at listing and Layer-2 integration to boost throughput and reduce transaction costs.

Phase 6 is already 55% sold, with Phase 7 expected to increase the price to $0.040, creating urgency for early investors to secure MUTM at a discount. The dashboard and Top 50 leaderboard provide real-time tracking of ROI and ranking, offering a gamified incentive to monitor gains.

With lending and borrowing utility, stablecoin mechanics, buyback incentives, and robust roadmap milestones, Mutuum Finance (MUTM) presents a compelling opportunity for investors seeking structured growth beyond speculative memecoins like DOGE, positioning itself as the next must-consider crypto investment.

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

Website: https://www.mutuum.com

Linktree: https://linktr.ee/mutuumfinance

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