Virtuals Protocol (VIRTUAL) has emerged as a standout performer in the crypto market, with a 24-hour price increase of 16.62%, amid recent news of expansion to Solana. Currently trading at $1.35, VIRTUAL’s market capitalization stands at $0.88 billion, with a 24-hour trading volume of $0.24 billion, securing its rank at #104.
Over the past 7 days, VIRTUAL has exhibited strong bullish momentum, although its 30-day performance has been more volatile, reflecting the broader market’s ups and downs. The overall market sentiment is positive at 84.90%, with Bitcoin (BTC) dominance at 60.06% and a total market capitalization of $2.90 trillion [Source: CryptoQuant].
Right now, VIRTUAL has solid support and resistance zones laid out at $1.20 and $1.50. The recent VIRTUAL price action has been more than promising, with volume increasing sharply and strongly revealing trader interest in the asset.
If we take a step back and look at the market as a whole, the most recent wave up appears to be a correlated move, with several of the top-tier crypto assets like BTC ($98,342.26, 1.24% 24h), ETH ($2,716.07, 3.16% 24h), and XRP ($2.51, 5.11% 24h) also clocking in fresh levels of performance.
The price action of VIRTUAL has been significantly affected by recent news and events. The token shot up 15% after former President Trump revealed a $500 billion contract involving OpenAI that had VIRTUAL’s Protocol as a part of its overall AI infrastructure development [Source: CCN on MSN.com]. Then, VIRTUAL’s listing on Upbit, a major South Korean exchange, brought in a wave of new and very likely altcoin-savvy investors from a market known for its affinity to altcoins, which drove VIRTUAL up another 28% [Source: CoinDesk].
Virtuals Protocol’s expansion to the Solana blockchain network has been a significant driver of its price action. This move adds to their multichain ambition and aims to deliver a better experience for developers and users of the platform. We at BeInCrypto are excited about the new developments and are watching them closely.
Solana is not the only platform Virtuals Protocol is building on. Techopedia has coined minting AI agents as the next big thing—decentralizing ownership of AI and, by extension, the future. The thrilling intersection of AI, crypto, and DAOs (decentralized autonomous organizations), where a decentralized community governs an AI agent, has attracted plenty of attention.
VIRTUAL’s technical analysis indicates a bullish trend with strong volume support, pushing the asset’s price up to sustained levels. Now, it’s starting to hit key price levels that could set it up for a continued uptrend, and where the price goes from here seems all the more certain given recent developments on the fundamental side. VIRTUAL would seem to be a very nice long candidate here, with the only real problem being the prospect of a pullback to retest recent breakout levels that nevertheless remain really nice entry points.
Sentiment analysis from social media and on-chain data provides the best picture of prevailing market sentiment. For VIRTUAL, the best figures we can locate indicate neutrality across these forms of analysis, with no serious biases either for or against VIRTUAL’s price performance.
More closely examining the network itself, we find that there have been some increases in what we like to call “activity that’s good to see.” New addresses are joining the network at a steady pace, and the number of active addresses has surged quite nicely given the last couple of events we had. Developer activity is hard to beat at the moment, as everything we’re seeing from our previous close to the project and on platforms like GitHub indicates virtually nonstop work and thorough engagement.
VIRTUAL’s future outlook is positive due to strategic expansions and growing interest in AI and multichain platforms. It might almost seem like VIRTUAL has guaranteed success because it is positively correlated to the price of BTC and ETH, but this isn’t quite true. There remain many risk factors, including the potential for regulatory agencies to come down hard on VIRTUAL and similar projects, volatility in the asset and crypto markets overall, and things like not getting more exchange listings in a timely manner. If VIRTUAL manages to get some more bullish momentum going, though, it could test the $2.00 level soon.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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