The post 3 Best Crypto Projects For 10x Gains : Top Pick for June appeared first on Coinpedia Fintech News
The crypto market recently entered a period of heightened volatility, with the price of Bitcoin (BTC) oscillating between $105K and $100K. Amid this volatility in the crypto, it could be a perfect opportunity to secure your crypto investments in anticipation of the next bull run.
There are plenty of opportunities in the crypto market, with some that could deliver 10x gains. Here is a full list of crypto projects you should seriously look into.
Solana (SOL)
Solana (SOL) is a project that went live in 2020. One of its main benefits is its ability to support many transactions per second. First conceptualized in 2017, it came to life nearly 3 years later. Since then, it has become popular with meme coins.
One of the main downsides is the numerous network outages that have plagued the network. While the issue is not present now, there is no assurance that there will never be another network outage. Such an outage could come at a crucial moment for a SOL holder, causing them to miss out on massive benefits on a crypto exchange. As such, it is not the best for a trader looking to capitalize on the fast pace of the crypto market, and its minute changes.
The other issue is that SOL is highly centralized. So far, many of the tokens are in the hands of a small group, which is a concern for decentralization advocates.
Ripple (XRP)
XRP is the unit of account on the Ripple payment network. It has been in the news numerous times due to its ongoing legal challenges from the SEC. Ripple (XRP) is built to be a faster alternative to the SWIFT global money transaction network.
While XRP has seen some meaningful gains in recent weeks due to a partial resolution with the SEC, critics point out that the coin is highly centralized. Ripple Labs, which is behind XRP, still controls a massive supply of XRP, which they release publicly on occasion.
Since the company is a private for-profit organization, it is likely that these releases are time to benefit their shareholders, and not the public. Consequently, XRP traders are at the mercy of private capital, which is the antithesis to blockchain decentralization.
Mutuum Finance (MUTM)
The Mutuum Finance (MUTM) project has all the hallmarks of a project built for success. So far, it has a following of over 20k followers across all its social media platforms, an impressive number for a project still in the early stages of development. This massive base of early supporters will be crucial to taking Mutuum Finance (MUTM) to the next level of viral fame.
Protocol Design
The Mutuum Finance (MUTM) protocol is a decentralized non-custodial protocol where lenders and borrowers can interact freely. On the protocol, lenders provide liquidity, and earn interest from their assets. The interest they earn from their assets is determined by pool utilization rate.
To ensure that it attracts key liquidity, which includes valuable assets like stablecoins, and crypto coins with large market caps, it will run a liquidity reward program. By focusing its resources on these valuable assets, it will ensure that it optimizes yield rewards without weakening the broader token economy.
Another unique feature of Mutuum Finance (MUTM) is the stablecoin design. On the protocol, users can create multi-asset positions, where a basket of assets covers a single loan, instead of single asset vaults. This process is expectedly to simplify the process of minting stablecoins.
To maintain a peg to the US dollar, the protocol will utilize a system of arbitrage that will offer a stable, passive income to those stabilizing its price.
Once it goes live, the team plans to launch multi-asset support, which will ensure that as many people can access the platform as possible.
MUTM Token Presale Roars Ahead
The ongoing Mutuum Finance (MUTM) presale has raised a massive amount of capital so far, which will make it easy to roll out as many features as possible. So far, it has raised over $10.3 million and continues to grow.
The presale is currently in phase 5, where over 30% of the tokens set aside for the phase have already been sold. The tokens are currently going for $0.03, a 20% increase from the previous phase’ price of $0.025. In the upcoming phase of the presale, the token price is set to go up by 16.67% to $0.035.
Analysts are optimistic about the future of MUTM tokens, giving them a 2,455% growth forecast. As such, even a $350 investment today could grow to over $8,500 when the tokens go live.
Mutuum Finance (MUTM presents the best opportunity to grow your crypto portfolio to the moon. With a committed developer community, and massive community support, the current success of the presale is a sign of bigger things to come. Best of all, you can be part of this amazing opportunity at the low price of $0.03.
For more information about Mutuum Finance (MUTM), visit the links below:
- Website: https://www.mutuum.com/
- Linktree: https://linktr.ee/mutuumfinance
