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>>VIRTUAL's price reached a significant threshold amid gains for tokens including GAME, Ribbita, and VaderAI.

VIRTUAL's price reached a significant threshold amid gains for tokens including GAME, Ribbita, and VaderAI.

crypthub

4/29/2025, 5:31:15 PM

Virtuals Protocol Price Surge

The Virtuals Protocol (VIRTUAL) token price has been steadily rising, reaching $1.5 and marking its highest level since February 2024. This increase represents a jump of over 240% from its lowest point this month, fueled by a broader rebound within its ecosystem. Associated tokens, like VaderAI, Ribbita, and Ava AI, have also seen significant gains, boosting overall network activity.

Ecosystem Rebound & Network Fees

Several tokens within the Virtuals Protocol ecosystem have experienced double-digit percentage increases. This surge in value is expected to positively impact network fees, which previously declined significantly in recent months. Network revenue decreased from $3.65 million in January to $146,000 in April, but the current rally offers potential for recovery.

Market Activity and Technical Analysis

Futures open interest in VIRTUAL has dramatically increased, reaching $180 million, indicating rising demand. Technical analysis shows a strong bullish trend with the price climbing from $0.41 to $1.5, surpassing key moving averages. While currently overbought, the price might retreat to $1 or potentially rise above $2.

Future Outlook

The market displays signs of strong trend strength; however, a period of consolidation may be on the horizon. A retreat to $1 is likely, but a continued push above $1.6125 could lead to a rise towards the $2 psychological level. Further observation of the Relative Strength Index is warranted.