Dogecoin Loses 34% in Week Long Slump, Investors Shift to Mutuum Finance

Dogecoin (DOGE) has recently experienced one of its longest losing streaks, with the token continuously declining for an entire week. This downturn has seen DOGE fall by over 34% in the past week, with analysts predicting that the losing streak could persist in the coming days. The decline began when DOGE failed to maintain the $0.022 key resistance level, dropping to around $0.16 per token. Historically, this price point has served as a crucial psychological support level, and a further dip below it could prolong the losing streak. The current price decline has unsettled investors, who are now seeking growth opportunities elsewhere in the market.

In response to this shift, investors are increasingly focusing on utility-driven projects rather than hype-driven meme coins. One of the primary beneficiaries of this trend is Mutuum Finance (MUTM), a utility-driven project currently in its presale phase. As capital continues to flow into Mutuum Finance, analysts are raising their forecasts for the project, with the latest predictions calling for a 3,100% upside for MUTM tokens.

Mutuum Finance (MUTM) is a decentralized lending protocol that allows users to participate as either lenders or borrowers. Lenders can deposit their assets into a pool to earn interest, with the interest rate determined by the pool utilization rate. This rate is calculated by measuring the value of assets actively borrowed from a pool against the total value of assets in that pool. As the utilization rate increases, so does the interest rate, encouraging borrowers to repay their loans and pushing lenders to deposit more assets to take advantage of higher yields. This dynamic enhances liquidity on the protocol, ensuring optimal capital efficiency and long-term health.

To safeguard lenders' assets, Mutuum Finance implements an overcollateralization requirement for all loans, meaning borrowers must deposit collateral of a higher value than the asset they intend to borrow. Additionally, the team engages in asset vetting, which involves exhaustive checks of an asset's liquidity, volatility, centralization, and potential impact on gas fees before it is added to the protocol. This process ensures that only assets with minimal risk and maximum benefit to the community are included.

Fair price discovery is another cornerstone of Mutuum Finance's success. The protocol plans to implement Chainlink price oracles, widely used in the DeFi industry, along with backup oracles to ensure continuous and accurate pricing. When sufficient on-chain volume exists, the protocol will use on-chain data, and for DEX data, it will employ a time-weighted price average as a reference point for determining pricing.

Analysts forecast that the price of MUTM tokens could rise by 3,100%. Based on this prediction, a $1,700 investment in the ongoing presale could potentially grow to $52,700. This massive return is driven by the ongoing $100,000 giveaway, which has sparked a wave of purchases and is expected to maintain momentum through the token listing and beyond. To participate in the giveaway, investors need to make a $50 investment in the presale, with ten lucky winners set to receive $10,000 worth of MUTM tokens each.

Mutuum Finance (MUTM) has already raised over $11 million in its ongoing presale, currently in phase 5, where tokens are priced at $0.03 each, a 20% increase from the phase 4 price of $0.025. In the upcoming phase 6, the token price is set to rise by 16.67% to $0.035. With 47% of the tokens in the current phase already sold out, this opportunity for significant returns in 2025 is expected to be short-lived. Investors are encouraged to secure their tokens in the current phase while there is still a 50% discount on the planned listing price of $0.06.