Ethereum-Alternative Surpassed $12M in Funding; Experts Say it Could be the Next Big Thing and Outperform AVAX

At the current Ethereum price of $3,900, it is safe to say that new investors missed the Layer-1 coin. But that isn’t the end. Unilabs Finance (UNIL) , the first AI-driven DeFi asset manager, has been hailed as an alternative to Ethereum. Brimming with potential, experts consider it primed to outperform the Avalanche crypto and a top DeFi coin to invest in.

Ethereum Price Begins Rebound

After falling below $3,400 earlier this week, the Ethereum price is experiencing a reversal. A 5% gain on the daily chart and a 50% surge in trading volume to $41 billion have pushed the Layer-1 coin above $3,900 as of press time.

On track to surpass $3,940, its 30-day high, investors have been paying keen attention. A rally above $4,000 could spark a buying frenzy and propel the Ethereum price above its all-time high of $4,891 in the coming weeks or Q4.

With ETH ETFs seeing a net inflow of $118.80 million on Thursday and DEXs volume surpassing $4 billion over the past 24 hours , a new ATH seems imminent. However, given its large market cap of $470 billion (the second-largest cryptocurrency by size), investors shouldn’t expect a significant increase in the Ethereum price this cycle.

Will the Avalanche Crypto Dip Below $20?

Amid increasing selling pressure, the Avalanche crypto saw a red wick to $20. However, bulls regaining confidence have ushered in a fresh wave of relief. Given the 100% increase in daily trading volume to $715 million, the bulls are okay, at least for now.

However, technical indicators give a bearish token outlook, signaling a potential dip below $20. While there is a 4% gain on the daily chart and the Avalanche crypto trades above $23, losing momentum could spark a cascading sell-off for the Layer-1 coin.

Moreover, only 40,000 active addresses have interacted with the protocol in the last 24 hours, with just 6,000 new addresses. This suggests fair adoption and interest among users, which isn’t bullish for the Avalanche crypto.

Unilabs Finance (UNIL) — Will It Be The Biggest DeFi Gainer This Year?

Unilabs Finance (UNIL) is attracting significant investor interest and is being closely watched by industry experts. Catching bids among retail investors and whales, early funding has skyrocketed past $12.1 million, with over 1.7 billion tokens sold. Meanwhile, experts consider it appealing due to its unique offering as the first AI-driven DeFi asset manager.

Underpriced and teeming with potential, a UNIL token costs just $0.0097 in the sixth presale stage. At the current price, investors are positioned for a 415% return at the listing price of $0.05, making it a top DeFi coin to invest in. Primed for an even bigger leap this year, it could outperform the AVAX crypto and ETH.

At the same time, its future adoption as an alternative to traditional financial markets paints a bullish picture. Given its integration with artificial intelligence, experts have drawn a parallel with NEAR, a protocol with a $3 billion market cap. However, courtesy of its blend with TradFi and features like staking and governance, as well as periodic airdrops to holders, it is bound to attract more users.

Closing Thoughts

Unilabs (UNIL), a fast-rising protocol at the convergence of AI, DeFi and TradFi, might be this year’s biggest gainer. Hailed as an alternative to ETH, it has a higher upside compared to the current Ethereum price and is a top DeFi coin to invest in ahead of the Avalanche crypto.

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