VIRTUAL Token Surges 17.5% to $1.64 as Whale Purchases Drive Growth

Virtuals Protocol has experienced significant growth since its launch in October, with the network introducing autonomous commerce agents this year. The protocol's native token, VIRTUAL, has seen a remarkable surge, increasing by 17.5% to reach $1.64. This surge has contributed to a broader rise in the cryptocurrency market, which has increased by 1.5% in the past 24 hours.

VIRTUAL's performance over the past month has been particularly impressive, with a 139% increase in just two weeks and a 250% increase over the past month. Additionally, the token has seen a staggering 1,350% gain over the past year. This surge in value has been accompanied by a significant increase in trading volumes, which have risen from around $60 million on April 21 to $570 million today.

The recent uptick in whale purchases has been a key driver of this growth. Whales, or large investors, have been accumulating VIRTUAL, indicating that they expect the coin to continue rising in the near term. This trend is further supported by the fact that VIRTUAL's 30-day average has just overtaken its 200-day average, forming a golden cross that typically signals a breakout.

VIRTUAL's relative strength index (RSI) is also rising back towards 70 after dipping slightly over the past couple of days, suggesting that it has firmly entered a growth spurt. This bullish trend is further supported by the fact that VIRTUAL had been struggling for two or three months prior to this week’s lift, meaning that it remains strongly undervalued and has plenty of room left to rise.

The Virtuals Protocol itself is a decentralized AI platform that allows for the creation and deployment of AI agents. These agents can be programmed to perform a variety of functions, spanning commerce and trading. Since its mainnet went live in October 2024, the network has grown to encompass over 180,000 owners of AI agents and over 17,000 developers.

Despite its impressive growth, Virtuals Protocol still has plenty of work left to do. DappRadar data currently states that Virtuals Protocol has 2,000 unique active wallets, whereas the same figure for Ethereum is 1.36 million. However, given the potential of AI technology, Virtuals Protocol has the potential for big future growth.

According to the analyst's forecast, the VIRTUAL price could reach $2 again by June, while it could reach $5 by the end of the year. This forecast is based on the protocol's strong fundamentals and the growing interest in AI technology. However, it is important to note that this is a forecast and not a guarantee of future performance.