Dogecoin losing relevance is a topic that has been making headlines in crypto news because of the stagnating price, which has been going on below significant levels. DOGE has been moving around the $0.14 level after a long decline, where the current halt has led to a re-evaluation of what crypto to buy.
Amid the struggle of the meme tokens, capital has been rotating to projects that have been considered the best cheap crypto to buy now, especially in the DeFi crypto sector. This has led to one of the tokens, Mutuum Finance (MUTM), which is currently less than $0.05, emerging as a top pick for what crypto to buy now.
Dogecoin Wrestles With Regaining Traction
Dogecoin has been trending at around $0.14 as it continued a downtrend that began in October. Instead of recovering, the price of Dogecoin has been consolidating, with DOGE being constrained below major moving averages. The currency fell below $0.1420 earlier in the week following a failure to support the price at $0.1465, touching support at around $0.1363 before settling. The trial at support lacked strength, as prices failed to return above the 100 simple moving average.
The hourly chart has been displaying a bearish line close to $0.1440, capping all upward attempts. The level of resistance has been close to $0.1425, while the support levels have been vulnerable at $0.1380 and $0.1360. A drop below $0.1320 might unlock the way to $0.1250. On the daily chart, DOGE has been sitting below all major exponential moving averages, creating a descending range from $0.146 to $0.196, which has been deterring all attempts to rebound since mid-October.
Amidst the debate on which crypto to buy, Dogecoin’s relative stability has led to fewer people needing to buy it, thereby compelling the attention on alternatives considered the best crypto to buy.
Mutuum Finance (MUTM) Presale
The diversion of attention is to the likes of Mutuum Finance (MUTM), a crypto that is currently worth less than $0.05. The presale stages of this project are now in phase 6, which is 98% full, giving a sense of urgency to the members. Not to forget is that it has managed to raise a sum of $19,500,000, with total MUTM Holders at 18,480 from the onset of presale. The current price at presale phase 6 is pegged at $0.035, which is a 250% hike from $0.01 in presale phase one
Mutuum Finance (MUTM) Dual Lending
Interest has been created by Mutuum Finance (MUTM), which has a two-way lending system that combines Peer-to-Contract markets with Peer-to-Peer markets. The system has been developed to facilitate the two types of parties that use pooled funds, as well as parties that require customized conditions for borrowing. The parties that lend funds acquire mtTokens that earn interests over time. The features have been contributing to the increasing need to purchase the best crypto, which is Mutuum Finance (MUTM).
Why Attention Is Moving Fast
Dogecoin has been undergoing a process of consolidation with mounting pressure as traders are reassessing its potential. Mutuum Finance (MUTM), which has been trading at under $0.04 in Phase 6, has been proving to be a better alternative choice for what crypto to buy now. The final window before the price rise in Phase 7 is keeping the spotlight on MUTM as the best cheap crypto to buy now.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
