Ethereum News Today: VIRTUAL Surges 129.30% in 24 Hours as Trading Volume Hits $158.7M

Virtuals Protocol (VIRTUAL) has recently seen a significant surge in trading activity, with a 129.30 percent increase in 24-hour trading volume to $158,719,361, signaling renewed market interest in the token. The token’s market capitalization has surpassed $851 million, and it currently trades at $1.29, a price that is 74.30 percent below its historical high of $5.07 but over 17,288 percent above its all-time low of $0.007486. The token is listed on multiple centralized exchanges, with the most active trading pair being VIRTUAL/USDT on Binance, and it can also be imported into MetaMask for decentralized exchange trading [1].

Technical indicators offer a mixed outlook. The Bollinger Band pattern shows the token rebounding off the lower band at $1.1162, with the middle band at $1.2862 and the upper band at $1.4562. Recent volatility has led to an expansion of the bands, suggesting a shift toward a more volatile regime. If VIRTUAL continues to trade above the middle band, it could test the upper resistance level at $1.45 and potentially move toward $1.60 [1]. The RSI stands at 45.17, indicating a neutral position and early signs of recovery in momentum. A move above the 50-level would be a positive signal for bullish sentiment [1].

In terms of price projections, analysts predict a gradual upward trend over the next few years. For 2025, the token is expected to trade between $1.05 and $1.60, with a possibility of reaching $1.60 if momentum continues. In 2026, the average price is forecasted to approach $1.50, with a potential high of $2.00. As Ethereum-based adoption increases in 2027, prices may reach $2.50. By 2028, with potential institutional interest and ecosystem growth, a price of $3.25 is considered realistic. Analysts suggest that by 2029, VIRTUAL could hit $4.00 under favorable conditions, though reaching $5.00 would require sustained adoption and strong market sentiment [1].

The token’s performance has lagged slightly behind broader market trends in the last week, declining by 11.60 percent while the overall crypto market rose by 0.60 percent and Ethereum ecosystem assets by 12.70 percent. This underperformance highlights the importance of broader market dynamics in influencing VIRTUAL’s trajectory [1].

VIRTUAL currently has 660 million tokens in circulation, with a total supply of one billion. If all tokens entered the market, the fully diluted valuation would be approximately $1.29 billion. This valuation, however, remains speculative and depends on future demand and utility within the Ethereum ecosystem [1].

Despite the positive technical and projected fundamentals, the path to $5.00 remains uncertain and will depend on factors such as increased adoption, technological improvements, and investor confidence. VIRTUAL’s integration within the Ethereum ecosystem and its presence on major exchanges provide a foundation for long-term growth, but short-term volatility and broader market conditions will play a critical role in shaping its future [1].

Source: [1] Virtuals Protocol (VIRTUAL) Price Prediction 2025–2029: Can VIRTUAL Hit $5.00? (https://coinmarketcap.com/community/articles/68a250d457d7e5373660d239/)