Dogecoin News Today: Mutuum's Safe DeFi Presale Attracts Investment While Dogecoin's Growth Slows Down

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Dogecoin News Today: Mutuum's Safe DeFi Presale Attracts Investment While Dogecoin's Growth Slows Down

Bitget-RWA2025/11/23 05:50

By:Bitget-RWA

- Dogecoin (DOGE) faces waning momentum as investors shift to Mutuum Finance (MUTM), a DeFi protocol nearing $18.9M in presale funds. - 21Shares' 2x Long Dogecoin ETF (TXXD) highlights institutional adoption, but DOGE's $0.175 price stagnates despite Tesla/AMC partnerships. - Mutuum's Phase 6 presale (90% sold) features 250% price growth and Halborn/CertiK security audits, driving FOMO ahead of $0.06 listing target. - With only 5% public token allocation and Q4 2025 roadmap, Mutuum's scarcity model contras

The cryptocurrency sector is undergoing a significant transformation as

Dogecoin

(DOGE) experiences declining interest, prompting investors to shift their focus to up-and-coming ventures like Mutuum Finance (MUTM). This decentralized finance (DeFi) platform is gaining traction amid the evolving market landscape. Despite 21Shares introducing a leveraged Dogecoin ETF, overall market sentiment indicates that both retail and institutional investors are increasingly seeking out newer, high-potential projects.

The 21Shares 2x Long Dogecoin ETF (TXXD), which debuted on NASDAQ on November 20,

allows investors to gain twice the daily returns of DOGE

. This offering

highlights the growing institutional interest in Dogecoin

, especially following collaborations with Tesla and AMC Theatres. Nevertheless, DOGE's value has

hovered around $0.175

, and experts point out that ambitious bullish targets—such as $1.20—remain out of reach without a decisive upward move.

Dogecoin News Today: Mutuum's Safe DeFi Presale Attracts Investment While Dogecoin's Growth Slows Down image 0

Mutuum Finance, a DeFi lending protocol, is drawing significant interest in the current market environment.

Over 90% of tokens in Phase 6 have already been allocated

, with more than $18.9 million raised and a community of over 18,200 holders.

The current Phase 6 price of $0.035 per token

marks a 250% rise from its original launch price of $0.01.

Mutuum's swift momentum is driven by key achievements and strong security protocols.

Halborn Security has started auditing the platform's smart contracts

, further strengthening trust in its decentralized lending system.

Previously, the project earned a 90/100 score from Token Scan

by CertiK, and a $50,000 bug bounty is motivating security experts to find any weaknesses.

These initiatives are in line with the project's roadmap

, which features a testnet launch for its V1 protocol in Q4 2025.

The sense of demand around Mutuum is heightened by its fixed-allocation approach.

With just 5% of the total 4 billion MUTM tokens

made available to the public, the project's scarcity angle has fueled demand. The shrinking supply in the current phase has intensified FOMO, especially as the token nears its $0.06 listing price.

Unlike Mutuum's methodical expansion,

Dogecoin's prospects depend on speculative triggers

, such as the possible approval of a spot ETF—a scenario many analysts view as uncertain. Although

21Shares' leveraged ETF introduces new possibilities

for

DOGE

exposure, the market at large seems to prefer projects that offer real-world utility and robust security.

As the digital asset space continues to develop, Mutuum Finance demonstrates the increase in demand for DeFi platforms that emphasize openness and innovation. With Phase 6 almost finished and Halborn's audit in progress, the project is positioning itself as a notable contender in the 2025 crypto landscape.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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