Price: $0.17076 5.1361%
Market Cap: 25.35B 0.926%
Volume (24h): 1.06B 0%
Dominance: 0.926%
Price: $0.17076 5.1361%
Market Cap: 25.35B 0.926%
Volume (24h): 1.06B 0%
Dominance: 0.926% 0.926%
  • Price: $0.17076 5.1361%
  • Market Cap: 25.35B 0.926%
  • Volume (24h): 1.06B 0%
  • Dominance: 0.926% 0.926%
  • Price: $0.17076 5.1361%
Home > News > Dogecoin Investor Who Profited $23M in 2021 Believes This Altcoin is a Second Chance for Those Who Missed DOGE

Dogecoin Investor Who Profited $23M in 2021 Believes This Altcoin is a Second Chance for Those Who Missed DOGE

Release: 2025/03/02 21:08 Reading: 752

Original author:Cryptopolitan_News

Original source:https://coinmarketcap.com/community/articles/67c4518912823237f728ebbe

Shiba Inu (SHIB) has seen a significant decline from its 2021 peak, losing over 80% of its value. Recent losses of another 10% have put crucial support at $0.000012 at risk, with analysts predicting a further drop to $0.0000094 based on continued selling pressure. The weakening correlation with Bitcoin (0.79) and increased market uncertainty highlight SHIB's instability. Furthermore, 74% of the SHIB supply is concentrated in the hands of major holders, 58% of whom are currently experiencing losses. This high concentration of ownership contributes to significant volatility. This situation contrasts sharply with the perceived stability and utility offered by Mutuum Finance (MUTM) through its presale.

Shiba Inu's Fragile Position

Shiba Inu's bearish market trend continues, making trading challenging. The coin's volatility is evident in its February fall from $0.00001964 to $0.0000123, remaining within a precarious support band. Analysis has identified critical price points at $0.000012 and $0.0000094, but SHIB shows weak market momentum. Data indicates that 58% of SHIB holders are in negative positions, exacerbating market volatility. The significant concentration of ownership (74%) allows "whales" to exert considerable influence on price movements.

A decrease in Telegram members (0.32%) suggests waning community engagement, potentially hindering market support. The Relative Strength Index (RSI) remains unchanged at 45.68, and the Moving Average Convergence Divergence (MACD) trading line sits below its signal line, indicating a short-term bearish trend. While a price mirror exists at $0.00001405, a break below $0.000012 could trigger a 23% price drop.

Mutuum Finance Gains Momentum

While Shiba Inu struggles, Mutuum Finance (MUTM) is gaining traction due to its ongoing presale and practical use cases. Phase 2 sales have reached $2 million, attracting over 3,800 participants, boosting MUTM's value to $0.015 and offering a 33.3% bonus for the next presale stage. High market interest necessitates an immediate start to the next phase. Early investors are projected to achieve up to 300% returns on launch day, given the initial listing price of $0.06.

Analysis suggests presale surplus funds could reach $6.00 by 2025, potentially yielding a 39,900% return for early investors. Mutuum Finance differentiates itself from meme coins through its stable value derived from decentralized lending activities. Borrowers secure ETH or DAI by depositing assets to receive interest-bearing mtTokens (mtETH, mtDAI) usable across DeFi platforms. The combination of over-collateralized and peer-to-peer lending enhances security and adaptability.

Built-In Demand Mechanisms

A key growth strategy involves purchase distribution mechanisms funded by revenue streams. The platform reinvests revenue to acquire MUTM from the open market, distributing it as dividends to mtToken holders. This continuous investment creates long-term support by replacing selling pressure. A $100,000 presale giveaway further incentivizes participation. The $0.015 starting price in Phase 2 is expected to increase significantly, rewarding early investors. With traditional exchange listings approaching, the token is poised for continued success.

Unlike the speculative nature of Shiba Inu, Mutuum Finance leverages DeFi technology and early token sales to deliver tangible profitability. Investors purchasing at the $0.015 price point in Phase 2 will benefit from a 300% launch bonus, with projections indicating substantial long-term gains.

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