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$VIRTUAL

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TLDR

  • Virtuals Protocol (VIRTUAL) surged by double digits after Binance US embraced the asset.

  • Analysts now predict further upside, with price targets between $2 and $5.

Outperforming the Elite

Over the past 24 hours, many major cryptocurrencies have consolidated near their April 28 price levels or posted minor losses. One low-cap altcoin that stood out with a significant surge is Virtuals Protocol (VIRTUAL).

Several hours ago, its valuation briefly climbed above $1.50, the highest level in more than two months. It later slightly retraced to the current $1.45 (representing a 15% rise on a daily scale). VIRTUAL’s market capitalization neared the $1 billion mark, thus positioning it as the 94th-largest cryptocurrency.

Virtuals Protocol is a decentralized platform that allows people to create, monetize, and co-own tokenized AI agents. The ecosystem is powered by VIRTUAL, which serves numerous functions. For instance, it is employed for transactions and governance decisions. 

The token saw the light of day at the end of 2023. It reached an all-time high of over $4.50 at the beginning of this year when its market capitalization exploded beyond $4.5 billion.

Price Forecasts

VIRTUAL’s latest rally caught the eye of many analysts who think there’s more room for growth. The X user 0xCB set $1.50 as a “breakout confirmation” and $3 as the “last barrier before $5 ATH retest.