Instead of getting carried away by the HYPE price and SOL price rally, smart investors have been rotating profits to other high-potential altcoins. With technical indicators suggesting a significant correction, analysts have been backing this new AI-DeFi gem, Unilabs Finance (UNIL). On the list of the best cryptos to buy now, it is considered heavily discounted at $0.0097 in the sixth ICO stage.
The HYPE price has increased by more than 15% over the past week to $45, which experts consider a bull trap. Despite this upswing, the trading volume has nosedived by 25% to $260 million in the 24-hour chart, giving a bleak outlook.
At the same time, the RSI is in an overbought area, suggesting a pullback. Also, TVL has declined to $618 million, further adding to its bleak outlook. The HYPE price falling below $40 could tumble beneath its 30-day low of $35 and potentially retest $20.
However, DEX volume over the past month has surpassed $11.4 billion, suggesting adoption of the financial Layer-1 blockchain and mindshare is "very high." A strong volume could spark a more sustained HYPE price uptrend. New peak soon?
Like most top altcoins, the SOL price soared high, by over 10% on the weekly chart. The Layer-1 coin trades above $180 as of press time, aiming to regain its monthly high of $205. However, is it among the best cryptos to buy now, or is a reversal near?
With momentum and trading volume declining, the SOL price could potentially retest $156, its 30-day low. Moreover, the number of unique and active addresses over the past month has decreased by 15% to 64 million, giving a bleak token price outlook.
At the same time, technical indicators, such as the RSI and 9-HMA, paint a bearish picture and signal a possible SOL price downturn. While a bounce might play out, there is a high chance of a bearish reversal before its next leg up.
As an emerging altcoin, Unilabs Finance (UNIL) has plenty of room to run and higher growth prospects than most top altcoins. Buying the presale token at $0.0097 translates to a 415% gain at $0.05, which is the listing price. That isn’t all. The protocol capturing as little as 0.01% of traditional hedge fund capital could send it into a parabolic run.
Standing at the crossroads between AI, DeFi and TradFi, Unilabs Finance (UNIL) is an alternative to traditional financial markets. It will be the first decentralized asset manager and at its heart will be a powerful AI engine. While it has been likened to Render, an AI protocol with a $2 billion market size, it has competitive advantages.
For example, it has significant upside potential as a low-cap AI-DeFi coin—one of the best cryptos to buy now. In addition, token holders can vote on important proposals, giving them a say in the future of the AI-backed DeFi platform. More important is its yield-sharing strategy, which will attract massive users and propel the token’s value: the redistribution of 30% of total platform fees.
Significantly underpriced at less than $0.01, smart investors have been doubling down on the UNIL presale, propelling early funding past $12.5 million in record time. While the ongoing HYPE price and SOL price rally are considered a bull trap, analysts believe this new AI-DeFi gem is among the best cryptos to buy now.
For more information about Unilabs Finance (UNIL) visit the links below:
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