是什么导致虚拟协议 (VIRTUAL) 达到新的 ATH？

令人惊讶的是，虚拟协议代币 VIRTUAL 在过去 24 小时内大幅下跌 16%，截至发稿时跌至 2.60 美元。

Virtuals Protocol (VIRTUAL) token price experienced a surprising 16% decline over the past 24 hours, dropping to $2.60 at press time. This pullback follows a dramatic bull rally that saw VIRTUAL soar to a new all-time high of $3.30 on December 16.

Virtuals Protocol (VIRTUAL) 代币价格在过去 24 小时内意外下跌 16%，截至发稿时跌至 2.60 美元。这次回调是在 12 月 16 日 VIRTUAL 飙升至 3.30 美元的历史新高之后出现的戏剧性牛市反弹之后发生的。

The decline has sparked speculation about whether the bull run is coming to an end or if this is just a temporary setback in a larger trend. Before delving into whether the pullback points to an end of the bullish momentum, it would be important to first understand what was behind the recent rally.

这一下跌引发了人们的猜测：牛市是否即将结束，或者这是否只是更大趋势中的暂时挫折。在深入研究回调是否表明看涨势头结束之前，首先了解近期反弹背后的原因非常重要。

The recent surge in VIRTUAL’s price can be traced back to a series of bullish catalysts and a broader market trend. Firstly, Virtuals Protocol, an artificial intelligence and metaverse project, has been gaining traction as one of the hottest assets in the crypto market, especially amid the rise of AI agents and AI-powered autonomous software. The project’s focus on co-ownership for AI agents, allowing users to create or leverage existing tokens, has attracted significant attention, leading to a rise in the VIRTUAL token demand and a corresponding price surge.

最近 VIRTUAL 价格的飙升可以追溯到一系列看涨催化剂和更广泛的市场趋势。首先，虚拟协议（Virtuals Protocol）是一个人工智能和元宇宙项目，作为加密货币市场上最热门的资产之一，它一直受到关注，特别是在人工智能代理和人工智能驱动的自主软件兴起的背景下。该项目专注于人工智能代理的共同所有权，允许用户创建或利用现有代币，引起了极大的关注，导致虚拟代币需求的增加和相应的价格飙升。

Furthermore, the excitement surrounding the launchpad functionality of the Virtuals Protocol, which enables users to create AI agents and related tokens, has added to the hype. The growth of AI-powered interactions, as evidenced by viral success stories like Terminal of Truths on X, has contributed to the widespread adoption of VIRTUAL.

此外，虚拟协议的启动板功能令人兴奋，该功能使用户能够创建人工智能代理和相关代币，这也加剧了炒作。 X 上的《Terminal of Truths》等病毒式成功故事证明，人工智能驱动的交互的增长促进了虚拟技术的广泛采用。

AI agents have become a new frontier in the crypto space, with related tokens skyrocketing in value as the market sees massive and viral interaction with protocols, apps, and other AI agents.

人工智能代理已成为加密领域的新前沿，随着市场看到与协议、应用程序和其他人工智能代理的大规模病毒式交互，相关代币的价值飙升。

AI Agents on Solana 🤖

Solana 上的 AI 代理🤖

The AI Agent ecosystem on @solana is thriving with standout projects like #ai16z , #Virtual and more. 🌐

@solana 上的 AI Agent 生态系统正在蓬勃发展，拥有#ai16z、#Virtual 等杰出项目。 🌐

With a market cap surpassing $10B, AI Agents are merging #DeFi and #AI, paving the way for decentralized automation. This is just the beginning.

随着市值超过 10B 美元，AI 代理正在合并 #DeFi 和 #AI，为去中心化自动化铺平道路。这只是开始。

AI… https://t.co/rk6a4QtkAi pic.twitter.com/pS777PFwni

人工智能… https://t.co/rk6a4QtkAi pic.twitter.com/pS777PFwni

— Solana Daily (@solana_daily) December 14, 2024

— Solana Daily (@solana_daily) 2024 年 12 月 14 日

Secondly, the rally began in early December 2024, coinciding with key developments within the ecosystem. On December 11, OKX, one of the leading crypto exchanges, announced the listing of VIRTUAL/USDT perpetual futures, which boosted liquidity and accessibility for traders. This was quickly followed by Hyperliquid, a layer-1 decentralized trading platform, adding support for VIRTUAL and allowing up to 5x leverage trading.

其次，反弹始于 2024 年 12 月初，恰逢生态系统内的关键发展。 12 月 11 日，领先的加密货币交易所之一 OKX 宣布上线 VIRTUAL/USDT 永续期货，这提高了交易者的流动性和可及性。紧随其后的是 Hyperliquid，这是一个 Layer-1 去中心化交易平台，增加了对 VIRTUAL 的支持，并允许高达 5 倍的杠杆交易。

Binance, the world’s largest crypto exchange by volume, also joined the trend by adding support for VIRTUAL futures trading. These listings provided additional avenues for investors to gain exposure to VIRTUAL, driving up demand and pushing the token’s price up considerably.

全球交易量最大的加密货币交易所币安也加入了这一趋势，增加了对虚拟期货交易的支持。这些上市为投资者提供了接​​触 VIRTUAL 的额外途径，推高了需求并大幅推高了代币的价格。

However, the rapid ascent also caught the attention of traders who might have been seeking optimal entry points into the market. As the VIRTUAL price surged to new highs each day, FOMO might have set in among some traders, leading them to chase the market and buy at higher prices.

然而，快速上涨也引起了可能一直在寻找最佳入市点的交易者的注意。随着虚拟价格每天飙升至新高，一些交易者可能会出现“害怕错过”的情绪，导致他们追逐市场并以更高的价格买入。

This buying might have contributed to the overbought condition, as indicated by the RSI, and could have played a role in the subsequent price pullback.

正如 RSI 所示，这种买盘可能导致超买状况，并可能在随后的价格回调中发挥作用。

Moreover, the market might have been due for a correction after a prolonged bull run. Despite a few days of consolidation around December 14, the VIRTUAL price had been on a near-vertical ascent for over two weeks. Such rapid price increases can often lead to overheated market conditions and typically culminate in a correction or consolidation phase.

此外，在长期牛市之后，市场可能应该进行调整。尽管 12 月 14 日左右出现了几天的盘整，但虚拟价格在两周多的时间里一直处于近乎垂直的上涨状态。如此快速的价格上涨往往会导致市场过热，并通常最终导致调整或盘整阶段。

Interestingly, while the sudden price drop might be disheartening for some, it could present an opportunity for new investors to enter the market at a more favorable entry point. With VIRTUAL’s price pulling back from recent highs, investors could potentially acquire the token at a lower price compared to buying at all-time highs. Of course, this decision should be made in the context of a broader investment strategy and risk tolerance.

有趣的是，虽然价格突然下跌可能会让一些人感到沮丧，但它可能为新投资者提供一个以更有利的切入点进入市场的机会。随着 VIRTUAL 的价格从近期高点回落，投资者可能会以比历史高点购买时更低的价格购买该代币。当然，这个决定应该在更广泛的投资策略和风险承受能力的背景下做出。