Why bother about the XRP price and Ethereum price in the first place when they offer little upside for small investors? XRP holders fear losing the $3.0 support, while ETH could retest $3,000, sparking a shift in interest. Hoping to make the most of this cycle, seasoned investors have been accumulating new altcoins like Unilabs Finance (UNIL) with significant potential.
Considered one of the best cryptos to invest in, UNIL blends AI, DeFi and TradFi. Its unique offering as the world’s first AI-backed DeFi asset manager positions it for massive growth and adoption, contributing to the rising investor interest.
What’s Next if the XRP Price Loses $3.0 Support?
A massive rally this month saw the XRP price record a high of $3.65, a level last seen in 2018. However, momentum has declined and the token’s outlook has turned somewhat gloomy following a 12% dip in the past week.
As of press time, the XRP price hovers around $3.10, with the MACD and 20-VWMA (technical indicators) signaling a potential decline below $3.0. Losing this support could spark a cascading sell-off, potentially retesting the 30-day low of $2.1.
On the bright side, the token trading volume has increased by over 150% in the past month to $196 billion and the market cap by 45% to $191 billion, according to Token Terminal. While a decline can’t be completely ruled out, XRP’s long-term outlook remains promising.
Will the Ethereum Price Retest $3,000?
Hopes for altseason were rekindled following ETH’s remarkable performance this month. The Ethereum price increased by over 50% in July, reaching a peak of $3,940. However, breaking out above $4,000 has proven to be a challenge, with the Layer-1 altcoin retesting the $3,700 level.
Also, momentum has waned, highlighted by declining volume and market cap, which is down almost 2% to $456 billion. At the same time, over $3 billion worth of ETH tokens has left exchanges in the past seven days, which could have a negative impact on the Ethereum price.
Given current market conditions, ETH retesting $3,000 cannot be completely ruled out. On the bright side, the smart contract platform is witnessing growing adoption. According to Token Terminal, generated revenue increased by 4% in the past month to $22 million and active addresses by 7% to $7.8 million.
Unilabs Finance (UNIL) – Catalysts Behind This New AI Token
Unilabs Finance (UNIL) isn’t just any other cryptocurrency thanks to its convergence with TradFi. Arising from the need for alternatives to traditional financial markets, it will be the first decentralized asset management platform for cryptocurrencies, backed by artificial intelligence.
And at the heart of this DeFi protocol is the UNIL token. Besides being the utility coin, holders will have governance rights, adding to its appeal and investor interest. Additionally, it can be staked for rewards and higher token holdings will unlock enhanced yield rates, contributing to early funding surpassing $7.1 million in record time.
Regarding the protocol, it edges out DeFi platforms like Hyperliquid, a protocol with $538 million TVL, because of its profit redistribution strategy. Besides the significant gain from holding, 30% of the fees generated by the platform will be shared among holders. In addition, it also stands out from Binance (BNB), a platform with a market size of $116 billion, as holders will enjoy periodic airdrops from launched projects.
Closing Thoughts
UNIL is among the best cryptos to invest in this year due to its tangible applications and growth potential. While the XRP price and Ethereum price struggle, the presale is selling out fast. It is currently in the fifth ICO stage and priced at $0.0085, with a potential 488% gain at the listing price of $0.05.
For more information about Unilabs Finance (UNIL) visit the links below:
This article is not intended as financial advice. Educational purposes only.
