In August 2023, the cryptocurrency market exhibits interesting shifts concerning Mutuum Finance and Shiba Inu.
Overview of Mutuum Finance
Mutuum Finance (MUTM) is currently in the sixth phase of its presale, priced at $0.035, up 16.67% from the previous phase. The next phase is expected to see a price increase of 14.29% to $0.04. Over 14,800 investors have already purchased tokens in the presale, generating over $13.9 million for the project.
State of Shiba Inu
Shiba Inu (SHIB) is currently trading around $0.0000143, a decrease of about 9-16% over the past week. This drop occurred amid a broader pullback in meme coin sentiment. Open interest in Shiba Inu has declined by over $100 million, indicating waning trader confidence despite recent large token burns aimed at reducing supply.
Security and New Initiatives of Mutuum Finance
Mutuum Finance has also launched an Official Bug Bounty Program, offering $50,000 USDT for reporting potential bugs. The project demonstrates a serious approach to security, including a thorough audit by CertiK. Additionally, a $100,000 giveaway is being held for investors seeking to increase their chances of receiving MUTM tokens.
While Shiba Inu faces challenges, Mutuum Finance continues to gain popularity. Both cryptocurrencies are under the gaze of investors amid a changing cryptocurrency market.
