The crypto market loses steam due to declining prospects of September rate cuts and profit bookings. ETH price has dropped by double digits over the last seven days despite the hype surrounding the Ethereum ETF and BlackRock. Furthermore, the XRP price has also dipped below the critical $2.90 support region, and experts have issued caution to investors in the short term.
While major cryptos are dipping, analysts have shifted their eyes towards low-cap market winners rather than the Ethereum ETF. Unilabs Finance (UNIL) is one of the next prominent cryptocurrencies, promising 50x return potential to early bidders. This moonshot rally is likely to displace XRP price momentum as holders shift capital into UNIL’s stellar presale stage 7.
ETH Price Might Not Reclaim $4,500 Despite Ethereum ETF Hype
Ethereum displayed a long-expected rally beyond $4,000 this month, stealing the title of “Crypto of the Month”. The rally was primarily due to rising institutional interest in the Ethereum ETF. BlackRock’s spot Ethereum ETF recorded net inflows of $640.68 million alongside other major firms like Grayscale and VanEck, accumulating large amounts.
However, as the hype cools down and the market moves towards a correction after this sudden outburst, experts voice concerns about Ethereum’s potential to reclaim these levels. While the Ethereum ETF continues to attract support from institutions, the overall price trend of ETH is now bearish, and investors are selling their tokens to book profits after ETH touched $4,800 price point.
XRP Price Dips Below $2.90: Investors Exit Before Friday’s Meeting
The XRP price continues to drop below the critical support level of $2.90 before Jerome Powell’s Friday speech at Jackson Hole. While broader market pressures and low rate cut prospects weigh on the XRP price, the selling sentiment following a stellar rally this month also prompts investors to exit the crypto for other high-potential assets.
Experts believe that the XRP price could retrace to the $2.3 and $2.4 region if no rate cuts happen. While a decisive trajectory is yet to be predicted on Friday, investors have already taken their positions in other promising altcoins such as Unilabs Finance, which has the potential to provide sustainable long-term returns with a clear growth roadmap.
Unilabs Next Into Top 10 Rankings: $14.5M Inflows Steal Spotlight
Unilabs Finance (UNIL) makes noise with its top-tier revolutionary AI-powered investment platform, aiming to innovate the hedge fund sector with full-scale automation and AI integration for self-reliance. Bias and lack of data are two critical problems involved in high-volume trading, and Unilabs solves them through highly trained AI models on diverse market data and eliminating manual decision-making and research.
The multi-strategy AI already manages $32 million in assets under management. Furthermore, investors can track their portfolio status through real-time data and tokenized ROIs. Features like EASS, AI Market Pulse, Memecoin Identification Tool, AI Portfolio Management, and flash loan accelerators further strengthen the market position of Unilabs.
Unilabs Finance has already secured a massive $14.5 million in stage 7 of the public presale with 2 billion tokens sold to 50,000+ holders. Interested buyers still have a chance to enter early at just $0.0108 before investors pump the presale to higher stages, leading to a lost opportunity of securing 50x returns before its CEX listing in 2025.
Conclusion:
ETH’s hype cycle around the Ethereum ETF is already fading, and the XRP price fails to hold critical support levels. Both giants may still dominate the headlines, but investors are seizing the promising opportunity to enter Unilabs’ presale early. With the potential to deliver 20x–50x gains and even topple XRP from the top 10 rankings, buying UNIL tokens now is the best decision to make.
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This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
