Key Takeaways:
Decentralized AI and metaverse platform Virtuals Protocol has seen the price of its native VIRTUAL token rise by 187.40% in the last 7 days. VIRTUAL has also been outperforming the global cryptocurrency market, which is down 1.1%.
VIRTUAL is ranked #121 based on its market capitalization, which currently stands at $502 million. The cryptocurrency attained its all-time high price on October 27, 2024, when it was trading at $0.454352. It recorded its lowest price of $0.021 in July 2024 and is now trading 25% from that low.
VIRTUAL has a Higher Average Trading Volume than 1,390 Coin Released in 2023
Compared to every other cryptocurrency that was launched at the same as VIRTUAL, it has an above-average trading volume. The average trading volume for the 1,390 coins released in 2023 is $2 million while VIRTUAL has an average trading volume of $4 million.
The price of VIRTUAL closed above the opening price in 49.36% of trading days. The short-term market sentiment for the cryptocurrency is bullish based on the technical price indicators, of which 12 calls to buy and 4 to sell.
The 14-day relative strength index (RSI) for VIRTUAL is currently at 95.16, indicating “Overbought” conditions. This signals that the price can drop in the near future. Looking at the daily chart, the exponential moving averages for VIRTUAL show a bullish signal, with the price sitting well above the 200-day EMAs.
The price of VIRTUAL has regressed today, changing hands at $0.3885 – down 10.96% in the last 24 hours. Despite the decline, its price has increased by 188.10% in the 7 days.
According to our forecasts, the positive market trend surrounding VIRTUAL is expected to continue into the next month. The projected monthly trading range for the token is between $0.496 and $1.701, with the average value sitting at $1.009. This would be a whopping 2,098% increase over its price from the previous month.
VIRTUAL is ranked #2780 in the list of Ethereum-based ERC-20 tokens in terms of market capitalization, #324 among gaming tokens, #151 among metaverse tokens, and #175 in the AI sector.
Market Sentiment for Virtuals Protocol is “Bullish”
The token has traded 25 out of the last 30 days (83%) in green. VIRTUAL is up 776.52% against the price of Ethereum (ETH) and up 694.09% against Bitcoin (BTC) in the last month.
The current market sentiment for VIRTUAL is “Bullish” while the Fear & Greed Index is showing 69, indicating greed. Based on our forecasts, it is now a good time to invest in Virtual Protocol.
At the time of writing, Virtual Protocol (VIRTUAL) is trading at $0.3885 – down 11% in the last 24 hours.
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