The much-anticipated altseason will likely not begin until an ETH price outperformance. However, a big breakout is on the horizon and the two ERC20 coins not to miss are the SHIB coin and Unilabs Finance (UNIL). Besides the memecoin SHIB, UNIL is a novel altcoin at the intersection between AI, DeFi and TradFi, appealing to investors across sectors.
Will the ETH Price Surpass Its Previous Peak?
The ETH price outperformed last month, reaching a high of $3,940 from a low of $2,517. It exploded by 100% over the past 90 days, rekindling hopes of an altseason. But how high can it go this cycle and is a new peak on the table?
As investors took profit and whales shifted to other high-potential altcoins, the ETH price retested $3,600. However, volume has been picking up, jumping by 6% over the past 24 hours to $31 billion. Reclaiming $3,900, its 30-day peak, could spark a breakout above $4,000, which will push it closer to its 2021 ATH of $4,890.
Meanwhile, active addresses have been increasing, highlighted by the 16% monthly surge to 8.5 million. Also presenting an optimistic outlook for the Layer-1 coin and smart contract platform is the 38% increase in fees over the past month. Primed to surpass its previous peak, the current ETH price might be a good entry.
The SHIB Coin Could Outperform This Year
Memecoins remain one of the hottest crypto narratives and the biggest on the Ethereum blockchain is the SHIB coin. The dog-themed cryptocurrency, largely under the radar after a 44% decline year-to-date, could experience a big resurgence.
A 27% increase in daily trading volume to $207 million and growing whale interest could be the start of a significant upswing in the SHIB coin price. Retailing at $0.000012, it is not only budget-friendly but also significantly discounted, according to experts.
Meanwhile, the RSI level indicates it is oversold and signals a bounce, just like the Williams Percent Range (14). Further contributing to its bullish outlook are bold SHIB coin price predictions by experts. A notable one is by Jonathan Carter, targeting $0.000025. The bulls regaining this level could propel it past the 2021 ATH of $0.00008, making it one of the ERC20 coins to watch.
Unilabs Finance (UNIL) — Combining Crypto’s Biggest Narratives
Unilabs Finance (UNIL) is poised to become one of the leading altcoins this year due to its blend of diverse narratives. However, it not only combines AI and DeFi but also intersects with TradFi, presenting a bullish token price outlook and setting it up for massive adoption.
Even more interesting is the fact that it is in its early stages. The presale recently kicked off but has been selling out fast at a record pace; it is currently in the sixth stage at $0.0097 and over $11.4 million has been raised by the team in funding. By participating in the ICO, new investors are positioned for a 415% gain on the launch date and more afterward.
While the above suggests why Unilabs Finance (UNIL) is among the ERC20 tokens to bet on this year, it is also solid, fundamentally. As the world’s first AI-backed DeFi asset manager, it has drawn comparisons to HYPE, a protocol with a $12.8 billion market cap. However, its governance features, periodic airdrops and redistribution of 30% of total platform-generated fees are expected to attract more users.
Closing Thoughts
The ETH price surpassing the 2021 high of $4,890 could ignite an altseason—a catalyst to send the SHIB coin and UNIL on a parabolic run. These ERC20 coins are both undervalued and underpriced, especially UNIL, an emerging AI token.
For more information about Unilabs Finance (UNIL) visit the links below:
This article is not intended as financial advice. Educational purposes only.
