Can the Dogecoin price bounce back from its latest lackluster trend? Memecoins have been going downhill lately, and even top assets like the DOGE token have not been spared. Following a strong start to the month, the coin has slipped over the past week. With other altcoins witnessing a different fortune, DOGE holders are disappointed at the token’s current movement. But Unilabs is showing a dominant market ICO display, thus positioning itself as a utility-based alternative for Dogecoin traders to recover their losses. Dogecoin Price Decline: Utility Issues Weigh Heavy Dogecoin (DOGE) debuted in the cryptosphere as the first-ever memecoin. It was created as an internet joke to mock the rapid increase of low-utility digital assets flooding the market at the time. In the years that followed, the Dogecoin price was relatively stable, as most crypto fans paid little attention to DOGE. But things took a different turn in 2021 when the Dogecoin price stunned traders with a mind-blowing price bump. Within the first five months of the same year, the DOGE token had skyrocketed to an all-time high (ATH) of $0.73. However, the Dogecoin price has not been able to sustain this remarkable rally, falling 70% below its ATH as of the time of writing. At present, the DOGE token is hovering around $0.21 after slipping close to 6% in the last four weeks. Source: CoinCodex The Dogecoin price is facing a major hurdle on its road to a recovery: it lacks real utility. Like other memecoins, Dogecoin does not solve any real issue that everyday crypto users face. Instead, the Dogecoin price trend heavily relies on its online community and virality. Another major setback is that the coin is an inflationary asset. Every year, about 5 billion DOGE is pumped into the crypto market. This high token supply creates an imbalance between supply and demand, which in turn affects the coin’s price. Given these circumstances, Dogecoin holders have turned their attention to utility-based projects like Unilabs. Unilabs (UNIL): New DeFi Token Offers Strong Passive Income Potential While DOGE runs on hype, Unilabs could offer several passive income strategies for those who want to earn from the market without active involvement. The stablecoin savings account is a safe and simple way for investors to earn interest without trading. It is pegged to trusted stablecoins like USDT, USDC, and DAI. This way, investors could earn consistent interest without worrying about the price swings experienced by the Dogecoin price. Once a user deposits into the stablecoin account, Unilabs uses AI technology to find the best and safest strategies to grow the investment while keeping the principal deposit stable. Plus, the funds are highly liquid, meaning a user could take them out anytime without having to wait or pay penalties. Traders could also earn income by referring new participants to the ecosystem. Early entrants are also positioned to benefit from Unilabs’ transparent reward model, which is divided into twelve tiers. The platform will distribute 30% of all fees it generates to users across these levels. Unilabs is now in its presale phase and has raised over $1.1 million in less than one month. Investors are entering the project at a fast rate, with about 233 million UNIL tokens sold so far. Buyers could increase their UNIL stash by 30% when they apply the “UNIL30” code during checkout. With this, they stand to earn more returns once the project trades on exchanges. Given its performance, experts are tipping Unilabs to touch a fraction of the billion-dollar DeFi sector upon going mainstream. If this happens, UNIL could surge 10x from its current price, giving early adopters significant returns. Unilabs Could Be a Doorway for 10X Gains Even though early DOGE holders profited massively from its 2021, its lack of utility has proved to be a major setback in the current crypto atmosphere. After its recent weak outing, investors are now sceptical of the future trajectory of the Dogecoin price. Luckily, Unilabs offers investors a low-cost opportunity to reroute their portfolios for better market openings. With its user-tailored use cases, Unilabs could be the next 10x token in 2025. Investors can buy UNIL directly from the website at a discounted price of $0.0051. Discover the Unilabs (UNIL) presale: Presale: https://www.unilabs.finance/ Telegram: https://t.me/unilabsofficial / Twitter: https://x.com/unilabsofficial/
