Virtuals Protocol increases by over 28% in the past week.
Recently, the value of VIRTUAL, the token for Virtuals Protocol, a decentralized platform for AI agents token, has increased significantly. This surge followed its listing on Upbit, a major South Korean cryptocurrency exchange. VIRTUAL rose by 28%, reaching around $2.65. This news has drawn many investors, highlighting the potential of this innovative blockchain project.
According to CoinMarketCap data, VIRTUAL’s daily trading volume has jumped by over 186%. This shows a rise in interest and trading activity. Upbit crypto exchange’s announcement on January 31 included support for three trading pairs: Korean Won, Bitcoin (BTC), and Tether (USDT), which contributed to the token’s price rise.
Despite some profit-taking, VIRTUAL remains 6% higher. Besides, the positive sentiment surrounding AI has also played a role in this price jump. Additionally, the token’s increase coincided with Injective Labs’ announcement that VIRTUAL will be part of the new AI index AIX, which features other leading AI tokens and stocks.
Furthermore, the price of VIRTUAL has also benefited from a partnership with Allora, a decentralized AI platform. This collaboration allows developers to create smarter AI agents. Plus, Virtuals Protocol has expanded to Solana, enhancing its presence in the blockchain ecosystem.
The rise to $2.65 indicates growing interest in the project and emphasizes the importance of listings on major exchanges for a token’s success.
Recently, Virtuals Protocol expanded to the Solana blockchain, marking a significant step in its multichain growth. This move, announced on January 25, aims to improve accessibility and innovation for developers across different ecosystems. The decision to expand to Solana is based on its speed, scalability, and active developer community.
Several initiatives have been launched for Solana, including the Meteora Pool, which aims to create new trading opportunities. Additionally, 1% of trading fees will be converted to SOL and added to the Strategic SOL Reserve (SSR) to reward contributors and support Solana’s ecosystem.
