The crypto market is showcasing renewed interest in low-cost tokens, including Dogecoin, Shiba Inu, and the new project Mutuum Finance.
Dogecoin Dynamics
Recently, Dogecoin (DOGE) jumped 10% in the last 24 hours amid speculation about a potential exchange-traded product from 21Shares. Analysts expect DOGE to test pressures around its 2021 high at about $0.73, aiming for $1. However, transaction volumes have dropped by 94% in a month, indicating declining network activity.
Shiba Inu's Prospects
Analyst Javon Marks pointed out a hidden divergence pattern in Shiba Inu (SHIB), suggesting a potential rise to $0.000155. Technical indicators indicate upward momentum, despite an overall decline of $8 billion in market capitalization in the meme coin sector over the past 30 days.
Mutuum Finance's Rise
Mutuum Finance (MUTM) is currently in Phase 4 of its presale, having raised $6.6 million, with the token priced at $0.025. Post-launch, MUTM could reach $3.50. The project enhances real-world DeFi opportunities through decentralized lending and creates conditions for long-term token holding.
The crypto market shows significant fluctuations in interest in meme tokens and liquid assets. Mutuum Finance may emerge as a notable player amid the instability of other cryptocurrencies.
