Virtuals Protocol Surges 23% on Agent Commerce Protocol Development

Virtuals Protocol (VIRTUAL) has recently experienced a significant price surge, currently trading at $1.71, which represents a 23% increase over the past day. This price movement has positioned VIRTUAL among the top gainers in the market, attracting the attention of traders and analysts.

The rally is primarily driven by the development of the Agent Commerce Protocol (ACP), a key initiative within the Virtuals ecosystem. The ACP consists of two main components: Agent-to-Consumer (A2C) and Agent-to-Agent (A2A). The A2C component features a "Butler Agent" designed to handle various tasks for users, such as wallet management, trade execution, and content creation. The A2A component enables direct communication between agents, enhancing the overall efficiency and functionality of the protocol.

Top trader XAVI noted that project teams developing useful ACP services will receive additional support, which could attract more developers to focus on practical applications. This support is expected to foster innovation and real-world use cases within the Virtuals ecosystem. Additionally, the ecosystem is preparing for several Genesis token launches, including $WACH, $AISMA, and $CAT, which have reignited community interest despite recent declines in user activity and revenue.

Technically, the VIRTUAL price is attempting to break out of a falling channel that has been in place since early June. The channel features well-defined resistance and support levels, with the lower boundary near $1.40 holding firm. The price is now approaching key resistance between $1.90 and $2.00, a break above which could pave the way for further gains. Analyst Allice_Crypto identified this structure as a potential breakout setup, suggesting that a successful move above resistance could trigger a rally toward the $3.50–$3.60 range, following a classic bullish continuation pattern.

Despite the positive price action, the ecosystem's fundamentals present a mixed picture. Daily active addresses have decreased from a peak of 30,000 to under 12,000, and revenue has dropped from $3.5 million in January to under $200,000 in June. Whale and smart money balances have also seen a downtrend, indicating cautious sentiment among large holders. However, community sentiment is gradually shifting towards the expansion of the core protocol. The ACP schema is preparing to allow any compatible agent to join, and a major unannounced project has been teased as part of an ongoing revitalization effort. Virtuals VC continues to support new integrations, including robotics projects aligned with the ACP standard, further bolstering the ecosystem's development and potential for growth.