Smart money shifting from the Layer-1 coin coincides with a dip in the Solana price from its 30-day high. Following the money, the two high-potential tokens to bet on for significant gains this year are the SHIB coin and Unilabs Finance’s UNIL token. Why are these considered the best cryptos to buy now?
As the leading memecoin on the Ethereum blockchain, Shiba Inu is a favorite among both retail and whale investors. Meanwhile, UNIL combines hot narratives across AI, TradFi and DeFi—its unique offering is a decentralized asset management platform for digital assets.
Solana Price Nosedives from Monthly High
While it had an impressive July, highlighted by a high of $205, the Solana price has since declined. It nosedived by over 10% in the past 30 days, trading below $170. But is a bullish reversal on the table?
According to Token Terminal, trading volume has surpassed $338 billion over the past month and fees have increased by 30% to $40.6 million. These on-chain metrics indicate growing adoption of the smart contract platform. Additionally, they paint a bullish price outlook and suggest a future bounce in the Solana price.
However, the RSI is low at $43.6 and the MACD suggests a further dip in the Layer-1 token price. With volume down by 20% over the past 24 hours, the Solana price falling below $160 cannot be completely ruled out, presenting a bearish outlook.
The SHIB Coin Might be This Year’s Best Meme Token
The dog-themed token SHIB coin is among the best cryptos to buy now—at least according to smart money. Trading significantly below its ATH (85% beneath its 2021 peak), the ERC-20 token has plenty of room to run.
In addition, the price has increased by 10% in the past month, indicating growing momentum. Retesting its 30-day high of $0.000015 could push the SHIB coin price above the December 2024 peak of 0.00003, setting the stage toward surpassing its all-time high of $0.000088.
Meanwhile, whale activity and token burns offer strength. According to AusMundy, the dog memecoin could repeat its 2021 rally, explaining the growing demand for the SHIB coin.
Unilabs Finance (UNIL) — Why Smart Money is Heavily Invested in This AI Token
Unilabs Finance (UNIL) is in the spotlight for its unique narrative, which spans AI, DeFi and TradFi. Unlike traditional platforms, it will be completely decentralized, offering investors an alternative to conventional financial markets. In its role as the world’s first AI-backed DeFi asset manager, widespread adoption is anticipated.
Attracting just 0.1% of traditional hedge fund capital means significant growth for the protocol’s utility token UNIL, explaining growing investor demand. In the fifth ICO stage, over $10 million has been raised and 1.5 billion tokens sold, hailed by experts as one of the best cryptos to buy now at $0.0085.
Primed for adoption, the Unilabs Finance (UNIL) protocol is tipped to outperform DeFi platforms like Jupiter (JUP) and Raydium (RAY), with the former having a $1.4 billion market cap and the latter a $687 million market size. Besides its memecoin identification tool, which analyzes virality and upside potential, UNIL’s periodic airdrops and yield-sharing (30% of fees will be redistributed to holders) give it a strong advantage.
Closing Thoughts
This post gives a Solana price analysis and outlook and explains why smart money has been doubling down on the SHIB coin and UNIL token. Significantly undervalued and discounted as a top meme and an emerging AI token, respectively, these are some of the best cryptos to buy now.
For more information about Unilabs Finance (UNIL) visit the links below:
This article is not intended as financial advice. Educational purposes only.
