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Many investors now view the Dogecoin price reaching $1 as an improbable, if not impossible, dream. Hence, attention has shifted to high-potential altcoins with significant upside: the SHIB coin and Unilabs Finance (UNIL). With ETH expected to rip and explode this year, these are the best ERC-20 coins to invest in, especially UNIL, which combines AI and DeFi.
During the 2021 bull market, the Dogecoin price crossed $0.73, its highest price to date. However, it has nosedived by 70% since then. While some believe it has room to run and can flip $1, others are pessimistic, saying it has run out of steam.
The Dogecoin price has fallen 30% year-to-date, indicating a loss of momentum and interest. Despite the 30% uptrend on the monthly chart, experts believe a pullback is imminent, causing a cautious approach.
Nevertheless, at $0.2 at the time of writing, the dog-themed cryptocurrency is a good pick for modest gain. The daily trading volume skyrocketed by 70% to $2.2 billion and bold Dogecoin price predictions have been flying. A notable example is Alan’s forecast: $0.46 amid a double bottom pattern.
Shiba Inu, the leading memecoin on the Ethereum blockchain, is among the top ERC-20 coins to invest in this year. Its memetic appeal as a dog-themed altcoin is one of its biggest attractions. On track to lead this year’s meme craze, the SHIB coin is a bet worth making.
Amid rekindled interest, the ETH memecoin surged by 5% on the weekly chart, regaining $0.000012. Daily trading volume has also skyrocketed by 60%, exceeding $230 million. With interest rising and demand growing, experts are optimistic about the SHIB coin price flipping $0.00008, its 2021 ATH.
AlumniDeFi, a crypto analyst on Twitter (formerly X), hints at the SHIB coin price reaching $0.0001. Growing whale activity and significant token burns not only offer strength but also give an optimistic price outlook.
While largely unknown compared to top altcoins like DOGE and SHIB, Unilabs Finance (UNIL) has been making significant strides. Its ongoing presale has surpassed $12.1 million in funding and its unique blend of AI, DeFi and TradFi has become a subject of much interest.
Designed to compete with traditional financial markets, UNIL’s unique offering is the world’s first AI-driven DeFi asset manager. At the time of writing, it has over $30 million in AUM, gaining the attention of everyday investors and crypto enthusiasts. Moreover, at $0.0097 in the sixth ICO stage and a projected 415% gain at listing alone, it is among the top ERC-20 tokens to invest in.
More importantly, experts believe the AI-DeFi altcoin will run even harder post-launch. While a parallel has been drawn with PAAL, a DeFAI protocol with a $100 million market cap, UNIL is primed to attract more users for several reasons. One, 30% of the total fees will be shared among token holders. In addition, they will be eligible for periodic airdrops and can vote on important proposals.
This post explains DOGE’s future outlook and why the Dogecoin price reaching $1 is at best a dream. Meanwhile, the SHIB coin and UNIL token are considered the best ERC-20 coins to invest in this year. Significantly underpriced and backed by a bullish narrative, Unilabs Finance (UNIL) can become a top 50 cryptocurrency.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
