Binance US's Endorsement Boosts Altcoin Virtuals Protocol by 30%: A Detailed Analysis

Virtuals Protocol (VIRTUAL) witnessed a significant surge after being endorsed by Binance US, even as other major cryptocurrencies saw minor losses or stagnated around their April 28 price levels.

This led to VIRTUAL’s market capitalization nearing the $1 billion mark, ranking it the 94th-largest cryptocurrency. The most notable factor behind this rally is the support from Binance.US, which introduced deposits for VIRTUAL and launched the VIRTUAL/USDT trading pair. Analysts predict potential for further growth, with price targets ranging from $2 to $5.

Earlier this month, after a system exploit by a project called PlayGameAI, Virtuals Protocol fully refunded affected users and promised a compensation plan.