Latest Development: SEC and XRP End Legal Battle; This New ERC-20 Token is Set for a 400% Gain at Listing and Poised to Flip SHIB
After a five-year-long lawsuit, the U.S. SEC and Ripple Labs have dismissed all appeals and officially ended their legal battle. While this is bullish for the XRP price, its large market cap nonetheless makes it less appealing to retail investors seeking significant gains. Unilabs Finance (UNIL), a new AI token set for a 415% gain at listing and considered among the best cryptos to invest in, has become a new favorite over the SHIB coin.
Is the XRP Price Set to Skyrocket After the End of the Lawsuit?
Following news of the joint dismissal of all appeals by the SEC and Ripple Labs, the XRP price increased by 10% on the daily chart. The payment-based altcoin hovers above $3.30 at the time of writing, with a 130% jump in daily trading volume to $10.40 billion.
But how high can the XRP price go this cycle? While it could surpass the 2018 ATH of $3.84, it can only go so high. Gems Scope, a self-acclaimed DeFi maxi, sees the top altcoin reaching $11 in this bull cycle. At the current token price, holders might see a 3x increase in their portfolio, which pales in comparison to new altcoins like UNIL.
Moreover, with a large market cap exceeding $200 billion (the third-largest crypto by size), its upside potential is limited. While the XRP price might witness a modest rally this year, the payment-based altcoin isn’t the best crypto to invest in.
40% Decline in the SHIB Coin Price YTD
Year-to-date, the SHIB coin price has declined by 40%, presenting a bearish outlook. Over the past three months, the leading ETH memecoin has dipped by 15%, further reducing investor confidence. However, a 100% increase in the daily trading volume to $300 million and a 5% upswing have been welcome developments.
Trading above $0.000013, crypto expert Johncy believes sustained momentum could push the SHIB coin price toward $0.000025. However, losing the $0.000012 support could drag the dog-themed cryptocurrency below its 30-day low of $0.000011.
But with volume rising and sentiment bullish of late, the SHIB coin could witness a substantial gain this year, especially if the meme frenzy returns. Nevertheless, it isn’t as promising as new and emerging cryptocurrencies with more bullish narratives like AI and DePIN.
Unilabs Finance (UNIL) — A New ERC-20 Token to Bet on Ahead of SHIB
Unilabs Finance (UNIL), a new AI-DeFi protocol on the Ethereum blockchain, is gearing up to be this year’s biggest star. Further adding to its appeal is its intersection with TradFi, designed as an alternative to traditional financial markets. On the list of the best cryptos to invest in, experts believe it is a steal at $0.0097 in the sixth presale stage.
At the heart of this DeFi platform will be an AI launchpad. This launchpad employs machine learning algorithms and real-time analytics to scan the crypto market for high-potential assets in their early stages across hot narratives like DePIN, RWAs and AI.
While experts have drawn comparisons with FET, an AI protocol with a $1.6 billion market cap, it stands out with features like staking rewards, yield-sharing and voting rights. Meanwhile, with a projected 415% gain at the listing price of $0.05, it is unsurprising that early funding has surpassed $12.1 million.
Closing Thoughts
The ERC-20 token UNIL is poised to be one of the biggest gainers this year—the programmed 415% gain on the launch date might be the start of its run. While the XRP price is in an uptrend following the end of its legal battle, the AI crypto is considered one of the best cryptos to invest in ahead of the SHIB coin.
For more information about Unilabs Finance (UNIL) visit the links below:
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