Unilabs (UNIL) Surges Past $500K Presale Milestone as It Attracts Investors from LTC and ADA

The crypto sector has taken a hit, with billions wiped off the market caps of major altcoins like LTC and ADA.

The crypto sector has taken a hit, with billions being wiped off the market caps of major altcoins like LTC and ADA. Litecoin and the Cardano market cap have dropped by billions, sending shockwaves across the industry and shaking investor confidence.

Yet in the midst of this downturn, Unilabs is defying the odds. The advanced asset management protocol has attracted investors’ interest as it rapidly soped past the $500,000 presale milestone. With its unique AI-powered launchpad and diverse investment products, Unilabs is forging a new path in the DeFi sector.

As the presale enters stage two, it has collected over $500,000. The company’s goal is to create an equal ground for all investors to grow their asset base, no matter how small their initial capital. Unilabs' launchpad uses AI technology to select assets with the best chances of growth. It tracks several trends and data to identify promising projects.

Its Early Access Scoring System is designed to help users pick promising crypto initiatives. By offering real-time data and key information on each project, this feature positions traders for better investment returns.

One of the protocol’s standout features is its four distinctive funds which are AI Fund, BTC Fund, RWA Fund, and Mining Fund. Investors can use these funds to diversify their portfolios and increase the potential for higher returns.

Unilabs is also equipped with a memecoin identification tool that tracks promising memecoin projects by analyzing their virality, potential, and liquidity.

Litecoin Struggles as Billions Wiped from Its Valuation

Litecoin is ranked as the 21st largest crypto asset by market cap, according to the latest data from CoinMarketCap.

The Litecoin token price slipped by 2.92% in the seven-day period, while the recent downturn has seen billions wiped off the coin’s valuation.

At the time of writing, the LTC token is trading at $76.64. The coin experienced a weekly price drop of 2.05%, shifting from $7.8 billion to $7.5 billion.

This decline could be attributed to the decrease in LTC price, as well as a lack of investor interest due to the bearish sentiment across the broader crypto space.

In a seven-day analysis, the Litecoin token price is seen to be on a downward trajectory, with an overall decrease of 2.92%. Commencing the seven-day period on May 10 at 12:00 UTC, the LTC token was valued at $78.34. However, by 12:00 UTC on May 17, the price slipped to $76.64, indicating a 2.05% decrease.

This price movement is likely to have a direct impact on the Litecoin market cap.

ADA Value Decline After Heavy Market Sell-Off

Cardano (ADA) has seen an downtrend, following the recent sector crash, with the asset reflecting an intraday dip of 1.31%. This pullback has also affected the Cardano market cap, which has seen a similar dip within the same period.

The ADA token’s 7-day chart captures this downtrend, revealing a 4.34% decline from May 10 to May 17. During this timeframe, the Cardano market cap dropped slightly from $28 billion to approximately $27.31 billion.

The ADA token price action was marked by significant volatility throughout the week. A few days ago the Cardano market cap briefly surged past the $29 billion mark before quickly reversing its strength. This drop appears to be linked to a minor decline in trading volume across the broader market, a trend that has impacted many leading altcoins including the ADA token.

In addition, the recent downturn in Bitcoin and Ethereum may have sparked panic-driven selloffs, prompting ADA holders to exit the market.

Despite the Litecoin and Cardano market cap decline, Unilabs is posting massive gains as it crushes an impressive milestone.