Dogecoin price has witnessed a sharp decline after hitting the $0.23 resistance level. The DOGE whales failed to pump the prices higher, and notable outflows have occurred after the Qubic community news. As fears grow and demand shrinks with rising sell-offs, the Dogecoin price is expected to show further downside to $0.19 this month.
Meanwhile, on-chain data reveals that DOGE investors are buying another $0.0108 crypto instead, named Unilabs Finance (UNIL). The project aims to address critical issues of transparency, technical barriers, and volatility in the blockchain and hedge fund sectors through its AI infrastructure, to become a real utility-powered project by 2025.
DOGE Community Troubled By The 51% Attack Threat By Qubic
The Dogecoin price held a bullish trend in August, pumping from $0.19 to $0.24. However, a trend reversal has dampened its upside trajectory as more DOGE investors jump ship to other utility-driven projects with strong fundamentals. This trend has resulted in a 6.2% weekly decline in the Dogecoin price.
Another rising concern for the DOGE community is the 51% attack on its PoW blockchain, as the Qubic community has voted to target Dogecoin. The attackers have already seized the majority control of Monero’s hashrate. As DOGE has received 300 votes, surpassing the total votes of other contenders, including KASPA and ZCash, many holders are taking out their capital to mitigate losses in case of a Dogecoin price drop.
While DOGE has a relatively bigger base than Monero, the threats still make the community restless as the undaunted image of PoW chains is shaken. This has led to a $250,000 sell-off in the last 24 hours, further strengthening the bearish prospects for the Dogecoin price as fear grows among the community.
$13M Presale Rally: Unilabs Platform Brings AI Edge to Memecoins
Unilabs Finance (UNIL) rises through the ranks with the launch of its cutting-edge AI-driven investment platform, offering end-to-end solutions to retail and high-volume investors. What makes it truly interesting and attractive for memecoin investors is its Memecoin Identification Tool, designed to help investors differentiate between hype and a real profit opportunity.
The tool leverages AI to assess a token’s virality potential, community engagement, exchange listing prospects, liquidity, and overall risk. This feature, combined with AI portfolio management and AI Market Pulse, makes it viable and profitable for investors through automated trading and unbiased decision-making with highly trained datasets across diverse financial markets.
With real-time performance tracking, tokenized ROIs, and continuous rebalancing, Unilabs positions itself as the biggest hedge fund in the sector. The project has secured a whopping $13 million in stage 7 of its public presale. Investors are already rushing to pump capital into UNIL tokens at just $0.0108 before the next round begins.
UNIL Predicted to Outrun Dogecoin Price After CEX Listing In 2025
The fears of a potential 51% attack by the Qubic community and rising whale sell-offs have cast uncertainty over the Dogecoin price in the short term. While experts predict more downside, it’s the right decision to make to shift investments to other high-potential projects, such as Unilabs Finance, for a 50x higher return potential.
Unilabs’ price is currently much lower than Dogecoin, and experts believe that after its mainnet launch and CEX listing in 2025, the UNIL price can explode past $0.1. This makes it the ideal time to secure early positions in its presale stage 7 before the time runs out.
Learn more:
Buy Presale
Visit Unilabs Finance Website
Join The Unilabs Community
Source: https://partner.cryptopolitan.com/whale-wallet-shows-250k-dumped-from-doge-at-0-223-same-trader-loading-into-unil-this-morning/