17 Dec 2024 Morgan Hayze
VIRTUAL Explodes Amid A Greedy Market
The coin of Virtuals Protocol, VIRTUAL, has caught the attention of analysts and investors alike, illustrating the growing convergence of blockchain technology with artificial intelligence (AI). Due to a more than 40X increase in value over the past several months, VIRTUAL is currently one of the year's most popular coins.
VIRTUAL peaked on December 13, 2024, at $3.29, with daily trade volumes exceeding $300 million. This increase highlights the level of interest that investors have in the project.
As of this writing, the coin is selling at $2,75, up 63.66% over the last seven days and 428.93% over the previous thirty, according to CoinMarketCap.
The majority of this excitement can be explained by the recent announcement that VIRTUAL is listed on Binance, one of the largest cryptocurrency exchanges in the world. On December 10, 2024, Binance launched USDT futures contracts for VIRTUAL, enabling traders to boost liquidity and token exposure by leveraging their positions.
Source: CoinMarketCap
As we previously noted, VIRTUAL is growing in significance in VanEck's most recent 2025 crypto projections study, which adds to the token's allure. The study highlights the anticipated rapid growth in the artificial intelligence agent space, in which Virtuals Protocol is a key participant.
VanEck claims that users can create AI bots that can do on-chain tasks with the help of virtual and other technologies.
Accessibility is how Virtual sets itself apart: non-technical users can employ decentralized AI contributors, such as model developers, data set providers, and fine-tuners, to create their own AI agents. These agents can then be rented by their creators, opening up the potential for additional income.
The report's disclaimer that "Please note that VanEck may hold positions in the digital assets described below" further fuels speculation. This suggests that VanEck may have direct access to the tokens, such as VIRTUAL, that she lists. If this is true, it highlights the institutional faith in the token's long-term sustainability.
