Although the Solana price is in a downtrend, the blockchain achieved over 100,000 transactions per second, which is bullish long-term. With overall sentiment for this cycle optimistic, these 2 altcoins under $1 could skyrocket by Q4: DOGE and Unilabs Finance (UNIL). On the list of the best cryptos to buy, the Dogecoin price could record a new high, while UNIL’s projected 5x gain on its launch date might be the start of its run.
Can the Solana Price Resume Uptrend?
The Solana price tumbled from its monthly high of $209 to $180, erasing gains. However, beyond its underwhelming market performance, the smart contract platform has been making remarkable strides and improvements.
Mert Mumtaz, co-founder of Helius, a Solana developer tool, highlighted that the blockchain is the first to record 100,000 transactions per second on its mainnet. Also signaling rising adoption of the smart contract platform is the 17% increase in monthly fees to $41.9 million. Could these developments propel the Solana price?
Despite the 7% decline on the weekly chart, the Layer-1 coin is on track for a reversal. Trading volume is increasing, exceeding $6 billion over the past 24 hours. Additionally, technical indicators signal a bounce in the Solana price.
How Soon Before the Dogecoin Price Reaches a New Peak?
The Dogecoin price is in a downtrend, marked by a 10% and 20% decline on the weekly and monthly charts, respectively. Amid rising selling pressure, the dog-themed cryptocurrency trades downward, although bulls have managed to hold the $0.2 support.
However, a bullish reversal is on the horizon, backed by technical indicators. Moreover, Grayscale recently filed to convert its Dogecoin fund into an ETF, which could be a bullish catalyst. How high can the Dogecoin price soar this year?
CryptoMakk is optimistic that the Dogecoin price will reach a dollar this cycle, surpassing the 2021 ATH of $0.73. While its upside potential might pale in comparison to UNIL, a fast-rising AI token, it is nonetheless one of the best cryptos to buy this year.
Unilabs Finance (UNIL) — This Year’s Best Investment Under $1?
At $0.01 and with plenty of room to run, Unilabs Finance (UNIL) being considered a steal isn’t surprising (over $14.4 million has been raised in funding). This new DeFAI token intersects with TradFi, highlighting its bullish narrative and growth prospects.
As the world’s first AI-driven DeFi asset manager, experts see it rising to the top and outperforming popular protocols. Although it shares similarities with Render (RNDR), an AI-DeFi platform with a $1.85 market cap, UNIL has several competitive advantages.
For example, holders will have governance rights and can stake their holdings for rewards. Additionally, tokens from projects launched on the Unilabs launchpad will be airdropped to users, alongside the redistribution of 30% of fees to holders. These, alongside the projected 5x gain by the launch day, put it among the best cryptos to buy.
Closing Thoughts
The SOL blockchain reaching 100,000 transactions per second could be bullish for the Solana price in the long term. Meanwhile, the Dogecoin price is on track for a new peak despite recent volatility. UNIL, a new AI coin, is also on the list of the best cryptos to buy this year, poised for a 400% gain at the listing price of $0.05.
For more information about Unilabs Finance (UNIL) visit the links below:
