The ongoing recovery in the crypto market has sparked a Ripple price rally, with Cardano also seeing a positive upswing. However, while these giants prepare for a full recovery, all eyes are on Unilabs (UNIL).
Due to strong retail interest, the DeFi project with AUM worth over $30 million has surged past $10 million in presale funding. Savvy investors are flocking to this emerging token, taking advantage of its 50% deposit bonus using the code “ATH50.”
The Cardano price has bounced off the 200-EMA ($0.69) support, soaring above the $0.70 mark. The latest recovery comes after the Cardano community approved a 96M ADA treasury withdrawal on August 2 to fund major upgrades.
The approval sparked positive momentum across the community, with many tagging it a notable achievement for the decentralized project. Yet, the Cardano price has dropped by 11.7% on the 7D timeframe. Meanwhile, technical analysis shows that bearish momentum is still high. The Hull Moving Average (9) and ADI are displaying a sell signal.
On the other hand, the RSI is at 46, meaning the Cardano price has room for a huge rally before being overbought. Mr Brownstone forecasts that the DeFi crypto price might soar to $1.60 soon, but bulls have to clear the $1.18 mark.
Another crypto enthusiast, Hailey LUNC, believes the movement of Bitcoin would dictate the Cardano price movement in the coming days. She said the Cardano price is strong above a resistance line and could rally past $1.00 soon.
The Ripple price shows renewed momentum as it reclaims the $3.00 level. The Ripple price had been on a steep fall in the past week, per CoinMarketCap. However, the Ripple price bounced off the $2.78 support on Sunday, signaling a rise in buying pressure.
CryptoPilotu forecasts that the Ripple price may climb to $4.00 next. Another crypto supporter, Corne Marchand, notes the Ripple price trades inside a falling wedge.
If it breaks out, the Ripple price is predicted to soar to $4.20. Meanwhile, veteran financial trader Matthew Dixon told his followers that the Ripple price might have started its move to the upside.
Matthew told his audience to be on the lookout of positive regulatory news, which can trigger a Ripple price rally. Although bulls are struggling to achieve an uptrend in the Ripple price, the Average Directional Index (14) is red, indicating a low bullish momentum.
In other news, the SEC is yet to drop its appeal in the ongoing Ripple lawsuit. The securities agency has some time (until August 15) to present its report at the appeal court.
Unilabs (UNIL) is a leading platform where investors can use AI to manage their portfolios. According to research, the AI in asset management will cross $17 billion by 2030.
Unilabs will attempt to fulfill this growing need with the help of its asset management platform, which relies on AI. The project offers users access to top-notch tools like the AI Market Pulse.
This tool monitors the market trends, on-chain metrics, and social sentiment 24/7 to predict the probable direction of asset movements. This allows for readjustment of funds based on market factors in real time.
Additionally, investors gain access to the Early Access Scoring System (EASS), a feature that surfaces high-potential projects before they become widely available, giving members an edge in finding the best crypto investment opportunities early.
Meanwhile, Unilabs offers a combination of curated funds from DeFi, RWAs, AI, to BTC. Also, the platform’s utility token, UNIL, opens the door to passive income through up to 122% APY staking. Holders can also receive a part of the platform’s revenue through a five-tier reward system.
Now in Stage 6 of its presale, Unilabs has raised over $10.4 million, with UNIL priced at $0.0097. Analysts project that even a 0.1% share of the DeFi market could increase UNIL’s market cap to $200 million, pushing its token price to $0.20.
While Cardano and Ripple show signs of recovery, Unilabs rises as the top performer, fueled by retail investor enthusiasm. Its value has risen to $0.0097 and could climb higher soon. With its impressive presale success and growing attention, Unilabs is on track to challenge top altcoins in the crypto market. The ongoing crypto ICO is a unique opportunity for those looking to diversify their portfolios.
Find out more about the Unilabs (UNIL) Presale Today:
Website: https://unilabs.finance/
Telegram: https://t.me/unilabsofficial