According to CoinGecko market data, the Virtuals Protocol token VIRTUAL today (2nd) surged over 24%, successfully breaking the $5 mark, setting a new historical high, and pushing the token's market cap above $5 billion. This astonishing rise is primarily driven by the project's strategic positioning in the field of artificial intelligence (AI). The VIRTUAL token is one of the best-performing cryptocurrencies of December 2024, having increased by as much as 40,825% over the past year.
The impressive performance of the VIRTUAL token is mainly attributed to its association with AI agents. The Virtuals Protocol platform allows users to create and manage multifunctional AI Agents, with diverse applications capable of automatically executing tasks such as content generation, trading, and account management. Representative AI Agents include GAME and AIXBT, with market caps exceeding $300 million and $600 million, respectively.
The next potential catalyst for the VIRTUAL token price is expected to be its listing on top exchanges such as Binance and Coinbase. Currently, most trading volume comes from exchanges like Bybit, Bitget, and Gate.io.
Additionally, the popularity of the Base ecosystem has further fueled the token's upward momentum. The chain has now become the largest Layer 2 network in the industry, with a total locked value (TVL) surpassing $3.7 billion, and since its launch, it has processed $181 billion in decentralized exchange (DEX) trading volume.
"VIRTUAL token soars past $5, reaching a new high with a market cap exceeding $5 billion" was first published on (Blockchain Guest).
