Ethereum has been under selling pressure, with recent price volatility showing ETH decline all the way down to the $2,800 price region. This weak price structure results in liquidation and triggers caution across the entire ecosystem. However, while most have been value trading, investment firms such as BitMine have been buying up significant amounts from the market, arguably a bet for the accumulation phase.
In this volatility, investors should only speculate value in theses with growing fundamentals. While established coins are subjected to market volatility, new coins launching in the space are promising DeFi alternatives. The ecosystem is providing the opportunity to diversify across a new presale for significant value recovery.
The Current Standing of Ethereum in the Market
Ethereum’s price action has caused the market to bleed and has caused the price to test major support levels and extend its decline down to the $2500 support levels. Ethereum’s decline down to $2900 caused a major liquidation of a wstETH position of $6.5 million, one of the largest single liquidations in the past few weeks. On-chain metrics show volatility in the On-Balance Volume (OBV), and there seem to be no signs of demand slowing down, so distribution seems to be the main concern.
Market analysts expect no immediate changes to the market structure, so they are keeping a close eye on the $2500 support as one of the next key levels of reaction. Large investors are still accumulating, further contradicting the downtrend selling. This leaves many traders looking to major assets for swing trading as volatility in the price levels increases.
Mutuum Finance (MUTM) Presale Nears End of Phase 6
Mutuum Finance (MUTM) is currently in its sixth stage of presale. These presale stages have seen large traction, with an entire $19M raised and 18,180 holders accumulating MUTM tokens. As an additional incentive, this current presale phase has recently seen a mini token price increase of 250% to $0.035. As a consequence, it became a race to buy MUTM tokens, with this presale stage being 95% bought out.
After this presale stage, the price to buy will increase to $0.040. As it stands, the current token price is $0.035, offering the highest speculative gains as it is expected to sell at $0.060 per token at launch. This has resulted in MUTM potentially being the first crypto to buy for a large number of speculative investors, as the return will be expected to be 400% for anyone with tokens bought at $0.035.
Promoting this presale will only be boosted by the ongoing $100,000 Giveaway, which will send $10,000 worth of $MUTM to ten individuals. In addition to the presale, Mutuum Finance is strategically positioning itself in the market with its V1 protocol, which will support some of the core functionalities of lending and borrowing, including the interaction with liquidity pools, mtTokens and Debt Tokens, and other currencies like ETH and USDT.
Security is paramount, which is why Halborn Security is conducting a code audit for the newly developed lending and borrowing contracts. For those contemplating what crypto to invest in, Mutuum Finance has a presale and a clear and secure roadmap to an operational DeFi platform.
Capturing the Opportunity
Market downturns often send speculative assets to the trash, while real use-case projects genuinely get to work. Ethereum, despite showing weakness, has a competitor building a disciplined community with real progress. Phase 6 has diminishing token availability, offering a real investment opportunity. As presale phase 6 concludes, the price will increase. These factors support the argument that this is the best crypto to buy. This is not just another digital asset; it is a strategic entry into a developing ecosystem readying itself for the mainnet launch.