As Dogecoin’s price stagnates and PEPE shows weak signs of bullish momentum, on-chain data reveals a shift in investor focus. Crypto whales are increasingly turning to Unilabs, with tens of thousands of dollars being poured into the fund’s presale. In just a few days, it has already raised over $300k, and if momentum continues, UNIL could outperform Dogecoin’s price surge this year.
Much like the recent success of Virtuals Protocol, analysts believe Unilabs is poised for a significant surge, driven by its connection to the rapidly growing AI sector. Many investors see the potential for Unilabs to capitalize on the increasing momentum behind AI, especially following Trump’s announcement of a $500 billion AI fund.
Dogecoin’s Price Remains Shaky as DOGE ETFs Are in Deep Waters
Dogecoin’s price is currently sitting at around $0.22, following a minor decline after mixed developments regarding two spot DOGE ETF applications.
On Tuesday, Nasdaq filed a 19b-4 form with the SEC for the 21Shares DOGE ETF, which would offer indirect exposure to Dogecoin’s price through Coinbase Custody. The SEC delayed its decision on Bitwise’s spot DOGE ETF, with the review deadline pushed to June 15.
These filings highlight rising institutional interest in meme coin ETFs, as the altcoin ETF space continues to expand. Technically, Dogecoin’s price faces resistance at $0.24, which has been in place since last week.
The RSI is at 54 but pointing down, indicating weakening bullish momentum. If the RSI drops below 50, bearish pressure could push Dogecoin’s price to retest its April 22 low of $0.15. A successful breakout above $0.24 could see DOGE targeting the $0.2735 resistance level.
PEPE Breaks Out of Falling Wedge Pattern as Bulls Prepare for Attack
PEPE is trading sideways after breaking out from a multi-week falling wedge pattern, with bulls eyeing the next leg up. After completing a WXYXZ corrective structure, it is now forming a five-wave impulsive rally that started from the April low.
On the 4-hour chart, PEPE has reclaimed the 0.236 Fibonacci retracement level at $0.0000131 and is consolidating just below it, showing strength. The RSI confirms continued bullish momentum without being overbought.
On the 1-hour chart, PEPE is completing wave (iv) of its five-wave structure, with wave (v) possibly targeting $0.00001426 and $0.00001496. The RSI has cooled, offering room for further upside. However, a drop below $0.00000813 would invalidate the bullish setup.
Unilabs Revolutionizes Asset Management With the Integration of Artificial Intelligence
Unilabs is an AI asset manager dedicated to eliminating human error from the decision-making process surrounding investment opportunities. The fund is using AI to evaluate and invest in high-value and low-cost projects that have the highest growth potential on the market.
So far, Unilabs has amassed over $30 million in assets under management across four different funds. The protocol divided its investment into four groups with varying profiles of risk and ROI possibilities. At the moment, Unilabs offers the AI Fund, BTC Fund, RWA Fund, and Mining Fund.
Unlike traditional asset managers, the fund is also offering a tool for sniping memecoins like PEPE and DOGE. The Memecoin Identification Tool analyzes liquidity measures and virality metrics to determine if a memecoin has the potential to surge. The fund is also looking at the possibility of a listing on tier 1 exchanges like Coinbase and Binance.
The Bottom Line
What sets UNIL apart from tokens like PEPE and DOGE is its vast utility. The token plays a key role in governance and revenue sharing. Up to 30% of the fund’s revenue is allocated for distribution as dividends to token holders – making it a valuable asset for investors.
Unilabs is now aiming to disrupt the $460 billion asset management industry. Even capturing just 0.05% of that market would require the fund to distribute 30% of $230 million – potentially driving significant value for UNIL token holders.
The success of Unilabs’ presale underscores this potential. Just days after its launch, the presale surpassed $300k, signaling strong market interest. The fund sold over 80 million tokens, attracting the attention of 8k+ investors.
Learn More About Unilabs
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