Amid the ongoing lawsuits facing the XRP foundation, analysts believe Unilabs (UNIL) could rally by 11,300%, backed by the significantly growing UNIL adoption. The UNIL presale has already hit over $2M, with a stage two price of just $0.0051.
Meanwhile, sentiment towards the SEC vs. Ripple case continues to dictate XRP price predictions. On Saturday, May 31, the XRP token recorded a slight gain, partially reversing Friday’s 4.62% dip, closing the session at $2.17. Notably, the altcoin dipped below $2.10 for the first time since May, but later recovered.
Unilabs Could Outperform Ripple with AI Utility Demand
As XRP price predictions continue to attract negative predictions, Unilabs’ passive income is drawing more attention among crypto whales across the globe. As the DeFi market evolves rapidly, investors are also looking for more than just yield farms.
Most of the investors now seek secure, smart, and dynamic ways of earning. This is where Unilabs jumps in. Unilabs is emerging as a key player in next-gen DeFi, aiming to bring institutional-grade asset discovery to everyday users
However, the platform isn’t just about identifying the next high-yield project within the crypto market. It also provides all UNIL token holders with the chance to earn without trading through its passive income system. Unilabs has boosted its passive income options by adding features like mining pools.
It also has a twelve-level reward system that lets UNIL holders earn a portion of the platform’s fees, with returns up to 122% APY.
Legal Uncertainties Push XRP Price Below $2.1
The U.S. SEC held a final closed meeting on May 29, raising hopes within the crypto market for a second SEC request for the indicative ruling on settlement terms with the XRP Foundation. However, the SEC has remained quiet on the case involving the Ripple Foundation.
Judge Torres rejected the SEC’s request for an indicative ruling that would lower the $125M penalty and lift the injunction prohibiting XRP sales to institutional investors. Since the rejection, the price of XRP has dipped from $2.57 to a May 31 low of $2.08, highlighting investors’ unease over the SEC’s silence and the ruling.
Source: CoinMarketCap
If the judge rejects the settlement terms, the XRP Foundation will cross-appeal, and the SEC will progress with its appeal. The altcoin’s recent dip has also attracted more negative XRP price predictions among analysts.
If the SEC withdraws its appeal, Ripple may aim to reach its all-time high of $3.84, with ETF approval possibly driving XRP prices up to $5. A rejection will see the price of Ripple dip further toward the $1.50 level, forcing its investors to look for alternative projects like Unilabs.
Unilabs’ 122% APY Leads to Over $2M in Presale Funding
Unilabs demonstrates reliability and transparency by providing passive income to UNIL holders, with profits automatically distributed via smart contracts. This has already seen the UNIL token surpass key milestones, including the over $2M presale funding.
With an increasing adoption, the UNIL token has also recorded impressive gains, including an over 27% gain from its starting price of $0.004. With over 70% of stage two sold out, stage three welcomes a new rally with a price target of $0.0062, representing a 55% gain from the $0.004 starting price.
These milestones are what set the UNIL token apart, leading to bullish price predictions among crypto experts. The recent predictions suggest Unilabs could surge by 11,300% by June, making it one of the best crypto investment options.
Conclusion
The recent lawsuits facing the XRP Foundation are starting to have a significant impact on its price movement. With this, many analysts are starting to put out negative XRP price predictions, as the altcoin dips below the 2024 gains. Meanwhile, Unilabs continues to attract bullish predictions, as crypto experts believe it could rally by 11,300% in June.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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