SHIB and Dogecoin price are entering a correction after a week of massive gains. Both memecoins have long been favorites in the crypto market among investors. As the market goes through a correction, a new utility coin is gaining huge traction among investors. Unilabs (UNIL), a unique DeFi protocol, is positioning itself as the first fully decentralized hedge fund run by real-time AI. Experts believe UNIL could hit $1 before the end of the year. Let’s explore more about this opportunity and the overall market.
Unilabs: A Unique AI-Driven Asset Manager for DeFi
Unilabs is more than just a DeFi protocol. It is the world’s first AI-powered DeFi asset manager, has over $30 million in assets under management. Its cutting-edge technology monitors hundreds of promising projects, allowing you to invest early and confidently.
Unlike speculative tokens with no utility, UNIL holders have direct access to staking incentives and may participate in the performance of AI-managed portfolios. The project’s staking concept promotes long-term involvement and environmental stability.
The Unilabs referral program offers a unique opportunity for early adopters to earn passive income while helping the platform grow. Each successful referral awards users with UNIL tokens, resulting in a win-win situation for both the referrer and the new investor.
Profits are determined by referral volume under a structured, tiered incentive scheme, which encourages active community interaction.
Traders Are Still Betting on Dogecoin Price Despite the 5% Pullback
DOGE traders are expressing a lot of interest in futures contracts, even though the Dogecoin price has dropped by 5% in the last 24 hours. The distinction between price movements and betting activity is attracting attention.
Glassnode, an on-chain data source, said that open interest in Dogecoin futures increased from about $990 million to $1.62 billion this week. That increase happened after the price fell from about $0.25 to the $0.22-$0.23 range.
It indicates that traders are still putting large bets, even when momentum slows. In mid-February, Dogecoin’s open interest fell below $900 million by April, following a short surge over $0.23. This week’s rise reverses the previous pattern.
According to sources, Dogecoin price increased from around $0.16 on May 6 to slightly more than $0.24 on May 11. That’s a significant increase in only a few days. The Dogecoin price then settled back into the $0.22-$0.23 level. Overall, traders continue to believe that the rising trend is intact.
Source: CoinMarketCap
Shiba Inu (SHIB) Shows Signs of Reversal
Shiba Inu (SHIB) is trading at $0.0000148 at the time of writing, down 6.35% in the past 24 hours. The daily trading volume fell by 34.46% to $343M. A drop in both price and volume indicates that the token’s trajectory is about to reverse, most likely due to a loss of interest from market players in light of recent developments and macroeconomic variables.
Shiba Inu has gained 11.96% in the previous 7 days, with a total market valuation of $8.8 billion.
The Relative Strength Index (RSI) is approaching 39.63, barely above oversold territory, indicating that bears may be running out of steam.
The price just broke out of a declining pattern that had held it down since early April. That breakout sent SHIB over the $0.000015 barrier, a key level that had previously limited upward movement. Currently, the level serves as short-term support.
Source: CoinMarketCap
Conclusion: Unilabs Offers a Unique Opportunity Amid the Overall Market Correction
As SHIB and Dogecoin price experience short-term declines, market players are shifting their focus to new assets that provide substantial value. While memecoins remain culturally relevant, initiatives like Unilabs demonstrate how investor attention may shift to protocols that enable real-time innovation and real-world applications. It is unclear whether this represents a wider trend.
To learn more about it, visit:
Website: https://www.unilabs.finance/
Presale: https://buy.unilabs.finance/
