After a monthly peak of $205, the Solana price might hit a new all-time high in August. But is this your best bet? Whales, seemingly unfazed, are stockpiling the XRP coin and Unilabs Finance (UNIL), considered the best DeFi coins to invest in.
An XRP price discovery sounds more exciting, given its low price of $3 and potential to soar higher. Meanwhile, UNIL, offering a unique experience—a combination of AI, DeFi and TradFi—could be this cycle’s wild card. As the world’s first AI-backed DeFi asset manager and with plenty of room to run as an ICO token, it is one not to miss.
Solana New ATH This Month?
July was indeed a rollercoaster for the Layer-1 coin SOL. The Solana price rose from a monthly low of $145 to a high of $205 and is now back to $170. It seems to have bottomed out, with indicators suggesting a new high in August. Or not.
The 14-day RSI data is neutral and the Bull Bear Power is at −6.43, giving an optimistic token price outlook. However, on the other hand, the MACD is bearish and the 9-HMA suggests further decline in the Solana price, not to mention the dwindling trading volume (a 14% decline in the past 24 hours to $5.2 billion).
Further supporting a bullish trajectory are indicators such as a surge in fees and revenue, signaling adoption of the smart contract platform. According to Token Terminal, transaction fees have increased by 34% in the past 30 days to $41 million and revenue has surpassed $4.5 million (a 14% increase). Set for a breakout above January’s ATH of $294, SOL might be among the best DeFi coins to invest in.
How High Can Bulls Send the XRP Price?
The XRP coin price surpassed $3 from a low of $2.1 in July. Its 30-day peak was $3.6 and despite profit-taking, it still maintains the $3.0 support. Although daily trading volume has dipped by 15% to $5.42 billion, this level is being held by the bulls.
However, volume is expected to pick up in the coming weeks, supported by technical indicators such as the Bull Bear Power and Williams Percent Range (14). Amid growing whale accumulation, a retest of the 30-day high of $3.6 could send the XRP coin into price discovery.
Meanwhile, according to Mesari, mindshare is high, giving a positive token price outlook. At the same time, top crypto analyst Anilsingta predicts the XRP coin price could range between $5 and $40 this cycle, explaining the rising demand for the payment-based cryptocurrency among whales.
Unilabs Finance (UNIL)— Can This New AI Token Outperform This Year?
Unilabs Finance (UNIL) might be flying under the radar, but whales seem to know what the common trader doesn’t. In addition to its novelty as the world’s first decentralized asset manager for digital assets, whales have been showing a keen interest in UNIL due to its upside potential.
By participating in the ongoing presale, a 488% gain is projected at the listing price of $0.05. And in the fifth ICO stage, it is significantly undervalued at $0.0085, with over 1.3 billion tokens sold and more than $8.4 million raised in early funding.
Tipped to outperform after its anticipated debut later this year, experts consider it one of the best DeFi coins to invest in. Moreover, as the first AI-backed DeFi asset manager, it has drawn comparison to Derive (DRV), another DeFAI protocol with a $63 million market cap. It edges out DRV thanks to its governance features and the platform’s strategy to redistribute 30% of total fees to users.
Closing Thoughts
Despite the positive Solana price outlook, the XRP coin price could soar even higher, while the UNIL token is a new favorite among whales. Unilabs Finance (UNIL), bridging the gap between decentralized and traditional finance, has a bullish narrative and is among the best DeFi coins to invest in.
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