Bitcoin News Today: Investors Shift Focus From Stalling SHIB to High-Yield DeFi Projects Like MUTM and LBRETT

SHIB continues to trade within a narrow range, failing to generate the momentum that initially attracted widespread attention. The token has remained in consolidation, hovering near $0.00001236 as of the latest reports, with key support at $0.00001150 and resistance at $0.00001300. Analysts suggest that a meaningful breakout would require a price above $0.00001600, a threshold SHIB has yet to surpass [1]. With the token’s price showing minimal movement, many investors are redirecting their focus to alternative cryptocurrencies offering more immediate growth potential and functional utility.

Among the most notable options is Mutuum Finance (MUTM), a decentralized finance (DeFi) project currently in presale stage 6. The token is priced at $0.035, a 16.17% increase from the previous stage, and is expected to rise by 14.29% in stage 7 [7]. The project has already raised over $14.3 million in presale funding and has attracted more than 15,050 individual investors, indicating strong early interest. Mutuum Finance operates on a dual-layer decentralized lending protocol, offering both Peer-to-Contract and Peer-to-Peer lending models that reduce reliance on intermediaries while improving flexibility and security [7].

The project’s roadmap includes the launch of a USD-pegged stablecoin built on the Ethereum blockchain, which has undergone a security audit by CertiK, a well-regarded cybersecurity firm in the crypto space [7]. The stablecoin aims to introduce greater stability and liquidity to the ecosystem. Additionally, Mutuum Finance has initiated a $50,000 USDT bug bounty program, further reinforcing its commitment to transparency and robust code development [7]. A $100,000 token giveaway is also in place, offering 10 winners $10,000 in MUTM tokens, a move intended to bolster community engagement and long-term loyalty [7].

Another project drawing attention is Layer Brett (LBRETT), an Ethereum Layer 2 meme coin offering up to 300,000% annual percentage yield (APY) during its presale. The token is priced at $0.004, making it accessible to smaller investors, and its staking rewards are designed to incentivize early adoption [1]. The platform also benefits from low-cost, high-speed transactions enabled by its Layer 2 infrastructure [1]. A $1 million giveaway campaign has further fueled interest, particularly among SHIB and Cardano (ADA) holders [1].

Bitcoin Hyper has also emerged as a promising alternative, with its presale surpassing $4 million in funding. The project is being positioned as a hybrid of meme coin appeal and real-world utility, attracting investors seeking both speculative and functional value [2]. Meanwhile, Remittix is outperforming SHIB and Bonk, thanks to its focus on real-world remittance use cases and a $250,000 giveaway program [3]. Analysts highlight its ROI potential as a compelling alternative to traditional meme coins like PEPE and SHIB [4].

SHIB’s struggles are underscored by a 43% decline in value since the start of the year and a drop out of the top 20 cryptocurrencies by market cap [5]. While some analysts forecast long-term upside potential into 2025, the immediate outlook remains uncertain [6]. As a result, investors are increasingly favoring newer projects that offer not only high returns but also tangible use cases and robust infrastructure [1][2][3].

Sources:

[1] Shiba Inu And Cardano Holders Are Racing To Layer Brett ... (https://www.barchart.com/story/news/34037496/shiba-inu-and-cardano-holders-are-racing-to-layer-brett-for-early-300-000-staking-rewards)

[2] The next Shiba Inu? New coin 'Bitcoin Hyper' becomes ... (https://www.msn.com/en-in/news/other/the-next-shiba-inu-new-coin-bitcoin-hyper-becomes-popular-in-presale/ar-AA1K5Kbd)

[3] Shiba Inu And Bonk Lag Behind As Remittix Dominates ... (https://blockchainreporter.net/shiba-inu-and-bonk-lag-behind-as-remittix-dominates-august-as-volume-continues-to-skyrocket/)

[4] Remittix ROI Potential Supersedes PEPE, SHIB, BONK ... (https://coindoo.com/remittix-roi-potential-supersedes-pepe-shib-bonk-augusts-high-stakes-showdown-for-best-meme-coins-to-buy/)

[5] 1 Reason Why Now Is the Time to Buy Shiba Inu (SHIB) (https://www.aol.com/1-reason-why-now-time-130000453.html)

[6] Shiba Inu (SHIB) Price Prediction 2025: Timeline to New ... (https://coindoo.com/shiba-inu-shib-price-prediction-2025-timeline-to-new-all-time-highs-and-key-breakout-levels-revealed/)

[7] Top New Crypto to Invest in as Shiba Inu (SHIB) Stalls - (https://partner.cryptopolitan.com/top-new-crypto-to-invest-in-as-shiba-inu-shib-stalls/)