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The Dogecoin price might be less than $0.5 and the SUI price might have room to run at $3.7, but neither compares to Unilabs Finance (UNIL). This new DeFAI token has been a subject of much interest due to its significant upside potential (a 5x gain at listing) and bullish narrative. On the list of the best coins to invest in this year, it is a high-potential opportunity not to miss.
While recent price actions have been interesting, the Dogecoin price is back to consolidating on the weekly chart. Additionally, it has dropped from its 30-day high of $0.28 to $0.23, sparking concerns and giving a bleak outlook.
What’s next for the dog-themed cryptocurrency? On the one hand, technical indicators suggest the dog-inspired coin might be in for a significant downturn, notably the MACD and RSI. However, trading volume has increased by 20% over the past 24 hours, giving a bullish outlook and signaling a bounce in the Dogecoin price.
According to BitMadBoy, DOGE is forming a “clean ascending trendline” and could hit $0.25 and $0.28 next. This analysis suggests the current Dogecoin price of $0.23 is a good entry, although a downturn cannot be completely ruled out.
On the yearly chart, the SUI price skyrocketed by 350%, outperforming most top altcoins. However, its performance has been unimpressive these past few months: a 3% decline on the 90-day chart and a downtrend on the weekly timeframe.
The Layer-1 coin hovers around $3.7 at the time of writing and experts believe the bulls might be running out of steam. Despite the 35% surge in daily trading volume to $870 million, price actions have been nondescript; a substantial SUI price decline cannot be ruled out.
Additionally, according to Messari, mindshare is at 0.8%, a 2% decline over the past month. While the bulls can regain the 30-day high of $4.4 if they reclaim the $4.0 support, a retest of $3.2, its monthly low, can equally play out too.
At the current price of $0.0097 in the sixth ICO stage, alongside a projected 5x gain at listing, Unilabs Finance (UNIL) is positioned among the best coins to invest in this year. However, it offers more than just gains. Backed by a strong narrative, this new player will be the first AI-inspired asset manager for digital assets.
Despite sharing key similarities with Jupiter, a DeFi platform with a $1.5 billion market size, Unilabs Finance (UNIL) is poised to attract more users. Noteworthy are its yield-sharing strategy (redistributing 30% of the total platform fees among users) and periodic airdrops to users.
At its heart will be an AI launchpad, designed to continuously scan the crypto market and identify lesser-known projects with exceptional potential across emerging narratives. Given its goal of democratizing alphas, this DeFi platform intends to break barriers by providing anyone with the tools and insight to help make better investment decisions.
The UNIl token’s price increasing by 415% from its current price of $0.0097 to $0.05 on its launch date makes it one of the best coins to invest in this year. Compared to the seemingly peaked Dogecoin price and SUI price, this new AI-DeFi coin could outperform, propelling early funding past $13.5 million.
For more information about Unilabs Finance (UNIL) visit the links below:
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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.
