Cryptocurrency Market Shifts Towards Utility-Based Projects

The cryptocurrency market is undergoing a significant transformation, with investors increasingly focusing on projects that offer real-world utility.

Three cheap tokens that have caught the attention of analysts are Dogecoin (DOGE), Shiba Inu (SHIB), and Mutuum Finance (MUTM).

Dogecoin (DOGE) remains one of the most recognized names in the crypto space, with a market cap of approximately $14 billion. However, its price has struggled to break through resistance zones, and analysts suggest that it may slide towards $0.08 if the current support zone fails.

Shiba Inu (SHIB) has worked hard to move away from its 'meme' origins by building its own Layer-2 network called Shibarium. However, its price is currently facing resistance at the Black Friday level of $0.0000068.

Mutuum Finance (MUTM), on the other hand, is taking a different path by focusing on high-utility lending and borrowing engine. The project has already raised over $20.6 million from more than 19,000 holders and offers a unique dual-market approach. Analysts believe that MUTM has a higher growth potential due to its lower starting valuation and utility-based revenue model.

The V1 protocol of Mutuum Finance is already live on the Sepolia testnet, allowing investors to see exactly how the lending pools and yield-bearing mtTokens function. The project has also passed a manual code audit by Halborn Security, a world leader in protecting digital assets.