The price of the Virtuals protocol token surged to an all-time high of $1.45 early today, and its market capitalization hit new highs of $1.45 billion as AI Agents continue to become a hot topic in the crypto world.
AI agents in cryptocurrency are software programs that automate tasks for users. They work independently with blockchain systems, allowing users to interact without needing to be constantly involved. These agents can do different things, like posting on social media, trading cryptocurrencies, monitoring market conditions, and managing crypto wallets.
Some popular examples of these AI tokens are Goatseus Maximus (GOAT) and Act I: The AI Prophecy (ACT), which have spiked by over 1,000 percent in the past few weeks, especially after their listings on the Binance exchange.
The VIRTUAL token is the next AI agent crypto token breaking the charts, surging by about 153.8% in the last 7 days. Virtual Protocol hit $1.45 earlier today but has declined by 9.14% since then, trading for $1.36 at press time.
VIRTUAL/USD 1-week price chart | TradingView
Impressively, the VIRTUAL price has increased by 6,416% since its all-time low of $0.02018, recorded on July 5, 2024, just five months ago.
The Virtuals Protocol Ecosystem is growing
VIRTUAL is the native token of the Virtuals Protocol. This decentralized platform facilitates the creation and monetization of AI agents for various virtual interactions, including gaming, metaverses, and online engagements.
Projects built under the Virtuals Protocol Ecosystem are also rapidly growing. Coingecko data reveals that the market cap of its ecosystem today is $1.76 Billion, a 46.9% increase in the last 24 hours.
A good way to track our ecosystem @coingecko https://t.co/a2XSgo4PLT
— Virtuals Protocol (@virtuals_io) November 29, 2024
The VIRTUAL token leads the list of Virtuals Protocol tokens, followed by aixbt by Virtuals (AIXBT), Luna by Virtuals (LUNA), GAME by Virtuals (GAME), and VaderAi by Virtuals (VADER).
This performance and popularity also came after a new wave of exchange listings, including Bitbumb, Bybit, Bitget, and KuCoin for Virtuals Protocol.
VIRTUAL price outlook
Virtuals Protocol (VIRTUAL) currently changes hand at $1.3582, spiking from a daily low of $1.03 to a high of $1.45. This strong price rally reveals growing investor interest and bullish Momentum in the market. T
TradingView shows a strong buy for VIRTUAL, with 13 of 14 technical indicators suggesting upward movement. Key moving averages show a significant upward trend, with the Exponential Moving Average (10) at $0.8199 and the Simple Moving Average (20) at $0.6594 below the current price.
However, caution is warranted due to overbought conditions; the Relative Strength Index (RSI) is 87.57, and the Stochastic %K is 91.25. Despite this, the Momentum (10) at 0.8141 remains bullish.
Immediate resistance for the Virtuals Protocol price is at $1.50, while support is around $1.20.
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