Bitcoin has recovered the $87,000 mark in response to rising market expectations that Federal Reserve Chairman Jerome Powell might suggest the need for another rate cut in December. According to the CME FedWatch indicator, the probability of a rate cut by 25 bps now exceeds 67%. As the stability of Bitcoin improves, market participants are eagerly scouring the cryptocurrency news headlines for the promising opportunities for high growth. Such developments have resulted in the flow of investment resources towards the DeFi projects that are in the nascent stage but possess immense utility like Mutuum Finance (MUTM).
Powell & the Rate Cut
According to Barclays Research, despite the obvious split within the Federal Reserve ranks, Powell is expected to guide the body towards cutting rates in December. Federal Reserve members Bowman & Waller seem to favor the cut, while some members like St. Louis Fed President Alberto Musalem think the body should maintain its steady approach. Of course, the whole uncertainty has been damped by Treasury Secretary Scott Bessent’s dismissal of recession fears & observation that inflation on imported goods is also flat.
Such macrotrend developments have been big tailwind contributors for the crypto market. Analysts suggest that the recent recovery from the low levels of $81,000 in Bitcoin indicates the confidence of the buyers. There are also expectations for some sort of market consolidation before reaching the $90,000-$96,000 mark. Smart money is also entering projects that maintain good fundamentals in the market in search of the next big crypto breakout.
Mutuum Finance (MUTM) Experiences Enormous Presale Rise
Amid the mergers of major assets, one of the notable candidates for the best crypto to buy at present is the Mutuum Finance (MUTM). This project has cultivated considerable momentum by securing a cumulative amount of $19,020,000 from the presale that began. Present data indicate that Phase 6 is already 95% sold out. This presents a soon-to-fade opportunity for participants to accumulate the tokens during the reduced rate of $0.035 per token. Later on in Phase 7, the rate will increase by 20% to $0.040 per token.
Early adopters are already experiencing a 250%+ increase in value from the initial offering. Not only that, considering the publicly verified listing price of $0.06, new buyers are poised for an immediate potential return of 300% to 500% on their investment. Additionally, the cumulative holder numbers now stand at 18,250.
Accessibility & Community Rewards
Additionally, the project is rewarding its loyal members. To mark the presale achievements, the project is awarding a total of $100,000 in the form of MUTM tokens to ten lucky winners, with each winner receiving $10,000. Notably, the project’s team has recently improved its purchase system in order to boost the adoption rate. The team allows customers to buy the MUTM token directly using their cards.
To increase engagement, the platform also supports the 24-Hour Leaderboard system. Each daily accumulation will be tracked. Additionally, the top-ranking user will earn a $500 MUTM reward each day. However, the individual must make at least one transaction. The leaderboard also resets every 00:00 UTC. Of course, the project values security. It is undergoing an independent audit by Halborn Security concerning its lending contracts.
Positioning for Future Gains
While the broader market looks forward to the expected infusion of liquidity through impending rate cuts by the Fed, Mutuum Finance presents a very attractive entry mechanism for those seeking high-return investments. Not only is the presale phase nearing sell-out levels, but the impending price hikes too make the crypto’s projection for the future very positive. Trading players seeking the best cryptocurrency to buy today are very aggressively locking in their positions for the supply in Phase 6.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/experts-call-this-cheap-crypto-a-must-have-as-bitcoin-btc-reclaims-87000/
