Dogecoin News Today: Dogecoin Surges 30% in July as Market Turns Toward Utility-Driven MUTM

In July, Dogecoin (DOGE) experienced a notable 30% increase in value, bouncing from lows near $0.17 to around $0.24, supported by a bullish double-bottom structure and rising retail interest. The token’s upward momentum has sparked discussions among analysts about its potential to reach $0.30–$0.35 if it sustains above key resistance levels of $0.25–$0.26. Optimistic forecasts even suggest technical targets as high as $0.40 under favorable market conditions. Despite these gains, the broader market sentiment is gradually shifting away from meme coins like DOGE toward tokens with tangible utility and real-world applications [1].

One such emerging project attracting attention is Mutuum Finance (MUTM), a decentralized lending protocol gaining traction among investors who prioritize long-term value and practical use cases over viral trends. MUTM’s presale has already attracted over 14,800 participants and raised more than $13.9 million, reflecting strong market confidence in its potential. The project is currently in Presale Phase 6, with the token price at $0.035, representing a 16.17% increase from the previous phase. The price is set to rise by an additional 14.29% to $0.04 before eventually launching at $0.06, offering Phase 6 buyers an expected 71.43% return on investment [1].

Mutuum Finance differentiates itself by offering a dual-lending model that includes both Peer-to-Contract and Peer-to-Peer lending mechanisms. The Peer-to-Contract model leverages self-executing smart contracts to automate lending functions without human intervention, using dynamic interest rates based on real-time market demand and supply. The Peer-to-Peer model, in contrast, reduces reliance on intermediaries, connecting borrowers and lenders directly. This approach enhances flexibility and efficiency within the DeFi ecosystem [1].

To further establish credibility and security, Mutuum Finance plans to launch a stablecoin pegged to the U.S. dollar on the Ethereum blockchain. This will provide a secure and stable investment option, mitigating the risks typically associated with algorithmic stablecoins. The project has also achieved a 95.0 trust score from Certik, an audit firm known for its rigorous security assessments. This recognition underscores Mutuum Finance’s commitment to transparency and institutional-grade standards in the DeFi space [1].

In addition, Mutuum Finance has launched a $50,000 bug bounty program to encourage security researchers to identify and report vulnerabilities. The program categorizes bugs into four severity levels—critical, major, minor, and low—ensuring that all issues are addressed and rewarded appropriately. This initiative aligns with the team’s broader vision of building a secure, open, and high-quality DeFi protocol [1].

The growing interest in utility-driven tokens like MUTM suggests a shift in the crypto market toward projects with clear real-world applications and sustainable infrastructure. As investors increasingly prioritize protocols that offer practical value, the focus is moving away from speculative hype and toward innovation and long-term viability [1].

Source: [1] Doge gains 30% in July, but market sentiment is starting to shift towards MUTM (https://invezz.com/news/2025/08/02/doge-gains-30-in-july-but-market-sentiment-is-starting-to-shift-towards-mutm/)