XRP's price has dropped 4.8% in the past 24 hours to $2.35, as investors shift their focus to Mutuum Finance.
Impact on XRP Price
XRP's price sharply declined by 4.8% following Ripple's legal settlement with the SEC. Futures open interest has plummeted by 50% since January, adding pressure on the price. Analysts warn that failure to maintain $2 support could see a drop to $1.20.
Growing Interest in Mutuum Finance
Amid the turbulence surrounding XRP, Mutuum Finance is catching investors' interest due to its presale structure. In Phase 4, tokens are priced at $0.025, with over $6 million raised and more than 7,700 holders. Phase 5 is expected to see a 20% price increase to $0.03.
Mutuum Finance Geared for Stability
Mutuum Finance stands out due to its long-term strategy. The protocol allows users to take overcollateralized loans with minimal default risks. Security is a priority: a smart contract audit by Certik is nearing completion, which will add trust as the project approaches its exchange debut.
While XRP experiences volatility, Mutuum Finance is attracting investments due to its clear strategy and prospects for long-term growth.
