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Highlights:
- Unilab's official website claims that its contracts repository allows users to choose from a dozen protocols.
- Unilab crypto has declined 60 per cent since the past month, and it ranks at the 5,342nd spot.
- The Unliab project dubs itself as a smart-contract-as-a-service provider, and it was built to solve the issues related to the development of smart contracts.
After declining rapidly for a month, the price of Unilab (ULAB) crypto has gained traction, and it was up 10 per cent at the time of drafting. According to CoinMarketCap, Unilab crypto was trading at US$ 0.1049 per token at 2 AM EST.
There was no apparent reason for the surge in Unilab crypto prices. However, it appears that the cryptocurrency could have gained momentum as the overall market recovered from the recent crash caused by the ongoing war between Russia and Ukraine.
On Thursday, March 17, Bitcoin crossed the US$ 41,000 mark after many days. Meanwhile, ETH was up 1.5 per cent to US$ 2,805.81 per token at the time of writing.
Also Read: What is Celo crypto and why is its price skyrocketing?
The global crypto market cap gained 0.1 per cent and climbed to US$ 1.82 trillion at 2 AM EST. That said, let's find out more about Unilab crypto.
What is Unilab?
The project dubs itself as a smart-contract-as-a-service provider, and Unilab was built to solve the issues related to the development of smart contracts.
Unilab's official website claims that its contracts repository allows users to choose from at least a dozen protocols. They can tweak or change more than 20 parameters as per their specific use case.
Also, users can utilize Unilab's UI to deploy smart contracts on any Ethereum Virtual Machine-based network in seconds. The protocol aims to accelerate the application and adoption of Web 3.0 for enterprises and beyond.
The ULAB crypto is the native token of the Unilab protocol, and it can be used for accessing all of its features. Unilab crypto has a total, and maximum supply of 100 million and its circulating supply is not known.
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Bottom line
ULAB crypto has declined 60 per cent since the past month, and it ranks at the 5,342nd spot. Unilab crypto is listed on PancakeSwap (V2), a cryptocurrency exchange, and its all-time high was US$ 0.483 per token on January 29, 2022.
As the cryptocurrency market is extremely volatile, crypto enthusiasts much assess their risk capacity and research well before investing in virtual currencies.
Also Read: What is Radix (XRD) crypto and why is it rising suddenly?
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