Memecoin analysts might have noted a sizeable surge lingering in the Dogecoin price trend, but it hasn’t kept investors from selling their assets and switching to the emerging investment platform. Unilabs (UNIL) is turning heads with its skyrocketing presale rush and a whopping $30.5 million in assets under management (AUM), with its token priced at $0.0051 right now.
Analysts Claim Dogecoin Price To Hit $1 With 27K Active Addresses
Dogecoin (DOGE) has recently posted explosive on-chain activity in the last 48 hours. Notably, the Dogecoin price experienced an upward climb amid bullish ecosystem sentiment, and the number of active addresses suggests that DOGE could soar further. According to senior analyst Ali Martinez, the recent rally in Dogecoin price occurred after a 150% surge in active addresses.
Source: GlassNode
Dogecoin’s active addresses (as illustrated by Ali) fluctuate around 127,570 levels. However, the ecosystem recently recorded a massive spike, possibly triggered by the price performance of DOGE. This surge in active addresses is huge, considering the broader cryptocurrency market performance within this time frame.
The high activity level on the DOGE ecosystem has sparked a buzz as it signals increased user interest. That is, more traders are interacting with DOGE. Some market participants and analysts consider this sudden uptick a bullish signal and indicate a growing market attention, with more chances of the Dogecoin price landing a stronger rally.
Unilabs (UNIL) Overpowers Memecoin King With 100x Potential
With the popular memecoin making headlines, Unilabs (UNIL) has indirectly challenged Dogecoin with its fast-selling presale, with over $490,000 raised already. Currently priced at $0.0051, Unilabs has sold over 100 million UNIL tokens with the next price projection of $0.0062 in presale stage 3.
Based on the current momentum, analysts say Unilabs (UNIL) could rush through its 2nd stage or presale before the estimated time. This is because most institutional investors and retail traders have begun prioritizing Unilabs over other smart-investment platforms for its AI-powered DeFi asset management with over $30.5 million in assets under management (AUM).
How Does Bitcoin Rally Affect Dogecoin Price?
Some analysts have opined that DOGE’s next move might depend on the path of Bitcoin (BTC), the actual crypto king. Historically, DOGE and BTC have shown a positive correlation. When the price of Bitcoin rises or falls, Dogecoin tends to mirror its movement. Although the magnitude differs due to Dogecoin’s higher volatility, a notable pattern exists between the two.
Hence, in the current rally, if Bitcoin continues on an upward move, Dogecoin’s tendency to maintain its bullish outlook remains high. However, if Bitcoin suffers a market correction and dips by 10%, this could negatively impact DOGE. Such a dip in BTC could trigger a 20% or 30% decline in the Dogecoin price.
While this correlation suggests that Bitcoin’s performance heavily influences the Dogecoin price, other factors could overrule this. For instance, the current spike in network activity involving increased active addresses might provide the Dogecoin price with short-term resistance. It could also help strengthen DOGE’s performance if Bitcoin moves in the upward direction.
Unilabs (UNIL) Gears Up For A Massive Rally: Over $490,000 Raised
Unilabs (UNIL) might be a new entrant in the market, but its cutting-edge fundamentals have ranked among some of the fastest-selling altcoins in the market after crossing $497,000 in presale. Reportedly, DOGE holders have shown a strong selling pressure in the memecoin network following the successful presale debut by this emerging smart investment protocol.
The platform’s distinctive funding options, in-depth analysis, and lightning-fast execution speeds make it one of the most sought-after projects to receive high-volume investments within the first 24 hours of going live. Unilabs is also positioned to roll out a new product suite in the upcoming sessions as its dev team shares a sneak peek into the new look of the DeFi manager.
Conclusion:
While Dogecoin price could soar to new highs amid BTC performance projection, Unilabs (UNIL) is positioned to show 100x growth in the near term, with analysts supporting this new entrant for its impressive blockchain protocols. Visit the presale today.
Discover More About Unilabs:
Presale: https://www.unilabs.finance/
Buy Presale: https://buy.unilabs.finance/
Telegram: https://t.me/s/unilabsofficial
Twitter: https://twitter.com/unilabsofficial
Disclaimer: The information presented in this article is part of a sponsored/press release/paid content, intended solely for promotional purposes. Readers are advised to exercise caution and conduct their own research before taking any action related to the content on this page or the company. Coin Edition is not responsible for any losses or damages incurred as a result of or in connection with the utilization of content, products, or services mentioned.
