The altcoin market is undergoing a short-term bearish correction.
The ADA and SUI tokens are exhibiting bullish potential, while Unilabs Finance is dominating. The DeFi asset manager boasts over $31 million in AUM and is poised to soar 100x by next month.
Continue reading to find out the best crypto to buy now and maximize your gains.
The ADA Token Dwindles Amidst Financial Misconduct Allegations
Cardano (ADA) has always remained one of the top players in the altcoin market. However, ADA’s recent performance suggests that it’s probably not the best crypto to buy now. As of now, ADA is trading around $0.80, depreciating by over 5% from last week’s high.
Source: CoinMarketCap
Experts believe there are multiple reasons for Cardano’s slump. The ADA token is suffering from a broader negative altcoin market sentiment. Additionally, Cardano investors have made allegations of financial misconduct against Cardano’s Management.
This news is diminishing investor confidence and contributing to a short-term correction in ADA’s price. However, despite these allegations, experts have predicted that Cardano will undergo a bullish reversal in the upcoming days.
Cardano’s founder recently announced a mid-August audit to address the financial mismanagement allegations. Furthermore, ADA developers recently built a new tool that allows smart contracts written for the blockchain to run on Bitcoin.
This news will likely reinforce investor confidence and boost Cardano’s utility, resulting in a bullish reversal.
Although experts believe ADA is probably not the best crypto to buy now, Unilabs Finance has the potential to be. This AI-backed project promises massive gains and is poised to surge substantially.
SUI Sinks Despite API Protocol Launch
SUI is also suffering from adverse market conditions. At the time of writing, SUI’s price fluctuates around $4.00, plunging by over 2% from last week’s high.
Source: CoinMarketCap
Considering SUI’s recent price movement and the prevalent market conditions, experts think it’s probably not the best crypto to buy now. Experts attribute SUI’s bearish price movement to the recent crypto liquidations amounting to over $900 million.
These liquidations have negatively affected the whole altcoin market and turned SUI’s price bearish. Furthermore, as of now, SUI’s weekly technical indicators point towards continued bearish movement, which is also diminishing investors’ confidence in the coin.
Although SUI is not the best crypto to buy now, experts predict a bullish reversal in the future. SUI has recently launched beta support for the Sui gRPC protocol, which will revolutionize developers’ access to data on the Sui blockchain.
However, users who are looking for sustainable and stable returns should opt for projects like Unilabs Finance.
Why Experts Consider Unilabs Finance to be the Best Crypto to Buy Now
Unilabs Finance is an AI-driven DeFi asset manager that is revolutionizing the way in which people invest. The platform uses AI to identify promising investment opportunities for its users, minimizing their risks while maximizing rewards.
Unilabs’ AI Market Pulse feature enables users to track global price fluctuations around various exchanges. Additionally, they can access details surrounding social media sentiment and on-chain activity. This drastically simplifies the trading process, especially for novice investors looking for quick gains.
Besides facilitating inexperienced traders, Unilabs Finance believes in adapting to prevalent trends. In line with this vision, the platform is rolling out its Memecoin Identification Tool. This tool will utilize AI to check meme coin projects based on virality, community engagement, and liquidity.
This will ensure that users only get access to verified tokens with huge upside potential and minimal risk. Due to such enticing features, experts consider Unilabs Finance to be the best crypto to buy now.
In addition, Unilabs Finance has done remarkably well in its presale, with over 1 billion tokens sold. UNIL is currently available for just $0.0074, but it is expected to reach $0.74 after soaring by 100x next month. Experts advise investing now or risk missing out on 100x gains.
Conclusion
SUI and ADA are suffering from a broader bearish altcoin sentiment. Although these altcoins are plunging, experts hope for a bullish reversal. On the other hand, Unilabs Finance is dominating the crypto space with cutting-edge features and the promise of 100x gains.
Considering Unilab’s potential, experts believe it’s probably the best crypto to buy now. Invest now and yield 100x gains before Unilabs explodes next month.
Discover the Unilabs (UNIL) presale:
Presale: https://www.unilabs.finance/
Telegram: https://t.me/unilabsofficial/
Twitter: https://x.com/unilabsofficial/
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Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/best-crypto-to-buy-now-ada-and-sui-grow-whilst-this-new-altcoin-could-100x-next-month/