Solana's decline continues as its competitor, Mutuum Finance, seizes the opportunity by attracting investors.
Solana's Battles with Resistance and Support
The price of Solana (SOL) fell from $138 to $131, erasing previous gains. Technical charts indicate a rejection at the 50% Fibonacci level and a potential move down to $110 or even $100 if selling pressure increases. Daily transactions and active addresses have declined since January, threatening the $130 support level.
Mutuum Finance Presale Achievements
Mutuum Finance (MUTM) is attracting increased investor interest. The current presale phase has raised $6 million and has 7,700 token holders. Experts predict a rise to $6.30, representing a 25,230% increase from the current presale price of $0.025.
Mutuum Finance Mechanics and Long-term Demand
Mutuum Finance stands out with its tokenomics that create user incentives. Clever mechanisms mint mtTokens—interest-bearing tokens tradeable on DeFi platforms. 20% of platform fees are used to purchase MUTM tokens on the open market, shielding the token from sell pressure. Mutuum Finance's security is supported by an audit from Certik.
While Solana loses ground, Mutuum Finance offers strong growth potential and strategic advantage for investors.
