Virtuals Protocol ($VIRTUAL), an emerging autonomous AI agent platform, has made a striking comeback, exploding 152% over the past week.
The token hit a three-month high of $1.51 on April 29 and currently trades around $1.45, representing a 334% gain since rebounding from $0.4384 on April 9.
Trading volume has jumped 62.05% in the past 24 hours, reaching $550.5 million, while its market capitalization briefly hit $960 million before settling at approximately $944.7 million at press time.
This rally offers renewed optimism for the AI agent segment of the crypto space, which exploded in popularity during the fourth quarter (Q4) of 2024.
According to CoinGecko’s 2024 report, the AI agent sector grew by 322% in Q4, with Virtuals Protocol playing a significant role.
The platform was crowned the top gainer of 2024, with a +19,187.79% YTD increase.
Listed among the top AI agent tokens on CoinMarketCap, $VIRTUAL holds the highest market capitalization in its category.
This places it well ahead of peers such as AI16Z, another AI agent that gained significant traction in 2024 and is nearly eight times larger than AIXBT, a well-known AI agent developed using the Virtuals Protocol.
Despite capturing significant market attention, $VIRTUAL faced a steep decline in both revenue and price in the latter part of Q1, losing over 75% of its value.
Additionally, a security incident in January exposed its Discord server to phishing attacks shortly after a vulnerability in its Uniswap V2 contract was patched.
On April 28, Binance.US announced it had opened deposits for the $VIRTUAL token, with trading against USDT set to begin on April 29 at 7 a.m. EDT.
As the U.S arm of the world’s largest crypto exchange, Binance.US could flood the token with new investors. This listing may push $VIRTUAL past $2, a key psychological barrier.
Virtuals Protocol was recently integrated into BasisOS, an autonomous DeFAI platform focused on real yield.
This move brings liquidity and user attention from platforms like Stargate Finance and Hyperliquid DEX.
The rollout includes the Genesis Launch mechanism, designed to distribute tokens and onboard users, developers, and AI agents.
This program allows users to pledge points for potential allocations from 37.5% of the total supply for airdrops and incentives. As a result, more $VIRTUAL tokens are being staked, fueling additional demand.
The 4-hour chart of Virtuals Protocol ($VIRTUAL/$USDT) shows a clear trend reversal and breakout structure after a prolonged downtrend.
Following the breakout, $VIRTUAL rallied toward a local high near $1.60 before retracing slightly to the $1.45 area.
This pullback appears healthy, and the previously contested zone around $1.20 to $1.30 will likely serve as a new support region.
Should the price consolidate above this level, it could provide a foundation for another upward move toward the immediate resistance at $1.60, the recent swing high.
A break above this level could open the path toward the $2.00 -3.00 zone, offering the next possible bullish targets.
However, if this momentum fails confirmation, support zones to monitor include $1.20 as the nearest structural support, followed by $0.92, which marked the last consolidation before the breakout.
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