In the face of instability in the crypto market, Mutuum Finance is rapidly gaining popularity while XRP faces difficulties in maintaining its price. Let's explore the reasons for this interest in the new project.
XRP Struggles to Hold Price
XRP is currently hovering around $2.23, but experts are wary as the price may fall below this mark if the market sentiment weakens. Investors remain cautious about buying XRP due to the lack of short-term catalysts and the threat of new DeFi protocols.
Investor Interest in Mutuum Finance Presale
Mutuum Finance is actively developing its presale, which is now more than 60% sold out at a price of $0.03. The project has attracted attention, raising over $11.7 million and having over 12,700 participants. This signifies significant investor interest in this DeFi project.
Innovative DeFi Lending Model from Mutuum Finance
Mutuum Finance introduces a non-custodial liquidity protocol in which users retain full ownership of their assets while participating in decentralized lending. The project utilizes a double model that includes both Peer-to-Contract and Peer-to-Peer lending, providing high flexibility and efficiency.
Amid XRP's struggle for stability, Mutuum Finance is quickly finding its audience. With a successful presale and an innovative lending model, the project is seen as a potentially promising investment in the current market.
