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Bitcoin dominance resurges as XRP rallies strongly; meanwhile, Unilabs achieves a major milestone in the crypto market.
According to a senior analyst, BTC has reclaimed its VIP status after closing near its ATH and resuming the ‘Bitcoin dominance’ over other crypto projects. However, the surging XRP price rally hints that Ripple could show a decent debut this cycle. Meanwhile, Unilabs (UNIL) surprises token holders with a marvelous move, raising $800,000 in 2 weeks of going live.
BTC price analysis: Open interest continues Bitcoin dominance
Bitcoin (BTC) price has stabilized above $109,000 today, which is just a few inches away from its all-time high of $109,588 from January 20. BTC’s Open Interest (OI) has surged to a new record high of $75.14 billion, maintaining the Bitcoin dominance over other crypto networks. According to Coinglass, the futures’ OI in BTC has reached a new ATH of $75.14 today.
Historically, when open interest reached a record high, BTC price generally soared to a new all-time high, as seen in previous bullish cycles. This bullish outlook is because an increasing OI represents Bitcoin dominance and additional money entering the market and new buying, which could fuel BTC to break its ATH of $109,588.
The Relative Strength Index (RSI) on the daily chart reads 69, hovering around its overbought level of 70, indicating signs of bullish exhaustion. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines are coiling together, suggesting indecisiveness among traders. The current technical factors suggest continued Bitcoin dominance in Q3 of this year.
Unilabs presale hits jackpot: Crosses $800,000 in stage 2
While Bitcoin dominance leads secondary crypto projects in the trillion-dollar crypto market, Unilabs is turning heads with its next-generation DeFi asset management system. This investment protocol presents a sophisticated, technology-driven platform designed to address the typical complexities of the crypto market.
Unilabs incorporates advanced AI with the transparent and secure architecture of blockchain finance to democratize access to institutional-grade investment analytics and portfolio management tools. The platform enables retail and institutional investors to maintain an edge over the DeFi ecosystem with enhanced accuracy and confidence.
XRP price rally to $3 at risk? Ripple whales drop holdings
The recent XRP price analysis showed it’s facing growing downside risks. As of today, Ripple (XRP) is trading at $2.33 amid suppressed price action in the last three days. The broad sideways trading reflects range consolidation in the broader cryptocurrency market, even as Bitcoin (BTC) closes in on all-time highs.
As the XRP price broadly consolidates above the short-term support at $2.28, attention is shifting to the XRP Ledger, which is facing declining network activity. The Daily Active Addresses metric in the Ripple chart below shows newly created addresses on the protocol at approximately 33,400, representing a 95% drop from the first quarter peak of roughly 612,000.
This sharp decline coincided with the drop in the XRP price from its first-quarter peak of $3.40 to $1.61 amid the tariff-triggered crash on April 7. While the Ripple price recovered, reaching $2.65 on May 12 before sliding to the current market rate of $2.33, engagement remains low based on the diminished number of unique addresses joining the Ripple network.
Unilabs outperforms Ripple with AI blockchain finance
Unilabs’ fast-growing DeFi network is alerting most Ripple holders as its successful presale debut makes headlines. So far, the platform has raised over $850,000 within two weeks of the presale announcement and sold over 160 million UNIL tokens priced at $0.005 right now. With the current momentum, Unilabs’ presale is poised to complete before the estimated time.
As a reward-centric project, Unilabs incorporates a blockchain-based profit-sharing model to distribute the share of gains automatically. Its robust DeFi asset manager pours capital positions, staking yields, and arbitrage wins into one profit pool. Also, the platform is built on the highest security standards to ensure transactions are secure and transparent on the blockchain.
Conclusion
With the Bitcoin dominance continuation and the XRP price holding a strong position among Ripple investors, Unilabs is well-equipped to shift the spotlight from other networks to its AI-powered DeFi asset management system with over $30.8 million in AUM.
To learn more about Unilabs, visit the official website, and Telegram.
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