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Cryptocurrency News Articles

VIRTUAL Protocol’s (VIRTUAL) Token Surges 40X, Now Among the Hottest Coins of the Year

Dec 15, 2024 at 04:00 pm

Virtuals Protocol’s token, VIRTUAL, has piqued the interest of investors and analysts alike, demonstrating the burgeoning convergence of artificial intelligence (AI) and blockchain technology.

VIRTUAL Protocol’s (VIRTUAL) Token Surges 40X, Now Among the Hottest Coins of the Year

The Virtuals Protocol (VIRT) token has attracted attention from investors and analysts as a product of the merging artificial intelligence (AI) and blockchain technology. VIRTUAL is one of the hottest coins of the year with a 40X price surge in recent months.

The token reached a high of $2.61 on December 13, 2024, with daily trade volumes exceeding $300 million. This rise showcases the strong interest from investors in the project.

At the time of writing, the coin is trading at around $2.45, according to CoinMarketCap. It has gained 45.59% in the last 7 days and 495.95% in the last 30 days.

Binance Listing, VanEck Report Highlight VIRTUAL’s Role

This enthusiasm can largely be attributed to the news that VIRTUAL is now listed on Binance, one of the world’s leading crypto exchanges. Binance launched USDT futures contracts for VIRTUAL on December 10, 2024, enabling traders to leverage their positions and boosting liquidity and token exposure.

Complementing the token’s appeal, VIRTUAL is notably featured in VanEck's recent 2025 crypto outlook report, as we previously covered. The report highlights the expected rapid growth in the domain of artificial intelligence agents, where Virtuals Protocol is a key player.

According to VanEck, Virtual and other technologies empower users to create AI agents capable of performing on-chain tasks through a decentralized network of contributors. These agents can then be rented out by their creators, opening up avenues for passive income.

Adding to the intrigue is the disclaimer in the report that reads, “Please note that VanEck may hold positions in the digital assets discussed below.” This suggests that VanEck could be directly exposed to the tokens it features, including VIRTUAL. If true, it underscores the institutional conviction in the long-term viability of the token.

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Other articles published on Dec 15, 2024