Dogecoin News Today: Dogecoin Eyes 100% Surge to Previous Market Cap as Mutuum Finance Emerges as Top Altcoin Buy

Dogecoin (DOGE) is showing renewed signs of momentum as it moves to reclaim its all-time high (ATH) market cap of $80 billion, a figure it last touched in early 2021 amid widespread retail investor enthusiasm and social media-driven momentum [1]. While the token has stabilized above $0.19 and is currently trading around $0.24, technical indicators suggest the road to recovery remains challenging. Resistance levels near $0.25 could limit short-term gains, and despite DOGE’s cultural relevance, its broader utility and volume have yet to mirror its early hype [1]. The market cap of DOGE is currently in the $30–36 billion range, meaning a more than 100% increase would be required to reach its previous peak [1].

Amid DOGE’s recovery attempt, a new DeFi entrant, Mutuum Finance (MUTM), is gaining traction as a top altcoin to watch. MUTM is currently in Phase 6 of its presale, with each token priced at $0.035. A price increase to $0.04 is expected in Phase 7, and if the token reaches its final presale target of $0.06, early investors could see a 71.43% return on investment [1]. To date, the MUTM presale has raised over $14 million and attracted more than 14,800 unique holders, signaling strong community-driven growth [1].

MUTM is also making strategic moves to enhance its security and institutional credibility. Recently, it launched a $50,000 bug bounty program in partnership with CertiK, a leading blockchain security firm. The initiative, divided into four categories of bug severity, reinforces MUTM’s commitment to building a secure and sustainable ecosystem [1]. In addition to security audits, the project has also launched a $100,000 token giveaway, distributing $10,000 worth of MUTM to participants and rewarding top 50 holders through its new leaderboard system [1].

The emergence of MUTM as a strong altcoin contender is being positioned as part of a broader shift in investor sentiment. As DOGE struggles to regain its former dominance, newer protocol-based DeFi projects are capturing attention with their unique value propositions and structured growth strategies [1]. Analysts note that while DOGE remains a cultural and speculative asset, projects like MUTM represent a more functional and utility-driven approach to the altcoin space [1]. This trend reflects a growing appetite among investors for innovative blockchain solutions that offer both yield and security, especially in a market where Bitcoin has shown relative stability [1].

Despite the optimism, the crypto market remains highly volatile, and analysts caution that investors should approach speculative altcoins with due diligence [1]. While MUTM has not yet received specific price targets or market cap forecasts, its early traction and strategic partnerships suggest it could become a significant player in the DeFi sector [1].

Source:

[1] Mitrade – Dogecoin Aims to Reclaim $80B ATH Market Cap as Mutuum Finance (MUTM) Emerges as the Top Altcoin to Buy Now (https://www.mitrade.com/insights/news/live-news/article-3-1014399-20250806)