Ethereum is currently showing the market what appears to be a strong buying signal, with rumors of the formation of a massive bear trap being spread among traders. Following the recent price drop, Michal van de Poppe of MN Trading Capital highlighted that the current levels are primed for Ether to be accumulated. Such an outlook is also shared by other traders, including the one nicknamed ‘Ash Crypto’, who is expecting an extremely powerful reversal that could send ETH to the value of $5,000, for instance.
The extremely positive technical analysis of the leading cryptocurrency creates optimum conditions for the growth of altcoins, with investment capital being directed towards those projects boasting the best fundamentals or the greatest potential for price gain in the nearest future. Under these conditions, choosing the most suitable cryptocurrency to buy today is extremely crucial for those who intend to benefit from the upcoming change in the markets.
Ethereum Signals Accumulation Opportunity
The ongoing market trend in the Ethereum markets is attracting intense attention. Following the correction, support for Ether was seen around the $3,100 mark, leading analysts to declare the same area as an accumulation spot. The subsequent breakout above the $3,300 level is encouraging predictions of hitting the levels of $4,740 or even higher.
A reason why there is also a bearish view on the foregoing thesis is the highlighted shortage, with Ether reserves on the exchange continuing to reduce in number. The possibility of an imminent reversal in the price of Ethereum often brings about the rising tide that lifts the entire altcoin market with its own prices. Investors are, therefore, on the hunt for the next big cryptocurrency that will perform better in the current state of affairs.
Mutuum Finance (MUTM) Nearing Phase 6 Presale Sell-Out
Although Ethereum is the talk of the town, one altcoin that has made headlines in the midst of current market consolidation is Mutuum Finance or MUTM. The current presale process of the altcoin has created immense interest among those who are looking for the best cryptocurrency to invest in, offering tremendous growth over the short term. The altcoin has already raised an outstanding amount of $18,550,000 with the support of 17,830 token holders.
The current presale is in its sixth phase, with the tokens priced at $0.035. The current price is an increase of 250% from the initial price in Phase one, but even then, the tokens are highly discounted before their launch. Also, with 85% completed in Phase 6, the time left to buy MUTM tokens is rapidly running out.
The next stage will observe a price increment of nearly 20% to $0.040, with the current price offering the last opportunity for investment before the price increment to the higher level. The rapidly accelerating momentum presents an extremely enticing investment opportunity, offering current investors the possibility of realizing a 400% investment return with the eventual listing price of $0.06.
MUTM Presale Incentives
The current upgrades on the platform also contribute to its appeal even more. Investors are now able to acquire MUTM tokens with their cards, which means there are no entry barriers for acquiring the tokens anymore. The presence of the interactive leaderboard also provides a competitive advantage, wherein the leader will be awarded with an extra $500 MUTM tokens on a daily basis, while there will be rewards of $100,000 given to the lucky winners on an ongoing basis.
Capturing The Strategic Moment
The meeting of the technical buy signal for Ethereum with the final stage of the Mutuum Finance presale represents a special point in time with respect to portfolio diversification strategies. There are two investment options available: the possibility of recovery for the current leader, in addition to investing in the altcoin before the initial public offering stage.
The fact that the number of tokens left is so small in Phase 6 highlights the importance of the question of what to buy if one is interested in long-term growth. Mutuum Finance is one of the cryptocurrencies to watch, having invested in something that has working products, strong community support, with the plan to be seen on exchanges in the future.