Amid Dogecoin's rise to $0.17, experts warn of the challenges to reach $1. Meanwhile, new project Mutuum Finance (MUTM) is gaining traction with its successful presale.
Dogecoin's Uphill Battle
Recently, Dogecoin reached $0.174, seeing a 5% increase in correlation with Bitcoin's rise above $85,000 and renewed meme coin interest. Analysts point out three targets: $0.38, $0.48, and $0.60 if bullish patterns persist. However, even the most optimistic forecasts suggest reaching $1 will demand significant demand or mass interest in Dogecoin.
Momentum of Mutuum Finance
On another front, Mutuum Finance (MUTM) sees high demand in its third presale stage, with tokens sold at $0.02. Over 60% of tokens in this phase are already sold, indicating growing interest. It is expected to increase to $0.025 in the fourth phase and $0.06 when listed on exchanges.
Success Factors of Mutuum Finance
Unlike Dogecoin, Mutuum Finance's growth is tied to user activity. With its hybrid reward system and overcollateralized lending structure, the project has attracted $4.5 million from 6,400 holders. Conducted by Certik, the ongoing audit will further strengthen investor confidence.
Dogecoin continues to face challenges in reaching $1, while Mutuum Finance is advancing due to its strong user base and innovative financial model. The ongoing presale and upcoming audit highlight unique opportunities for MUTM investors.
