The native token of Virtuals Protocol, the artificial intelligence and metaverse project that is one of the hottest on the market amid the rise of AI agents, rose to a new all-time high on December 16.
Virtual protocol (VIRTUAL) The price reached $2.96 on major crypto exchanges, setting a new all-time record. The project, which offers an AI agent launchpad on the Layer 2 platform Base, skyrocketed as Bitcoin (BTC) broke through the $106,000 mark.
However, the gains came as the market continued to pay attention to AI-powered autonomous software. AI agents have been on everyone’s lips since “Terminal of Truths” became the first agent account on X with its posts about Goateus Maximus (GOAT) Sending the meme coin parabolic.
The rise of Virtuals Protocol comes as AI agents take the bots game as we know it to the next level. The massive and viral interaction with protocols, apps and other agents has caused the corresponding tokens to skyrocket. The Virtuals Protocol project is a co-ownership layer for AI agents. Launchpad users can create AI agents with new tokens or leverage ecosystem agents.
The VIRTUAL token began skyrocketing last week with several catalysts including crypto exchange OKX’s listing announcement.
On December 11th, OKX announced VIRTUAL/USDT Perpetual Futures. On December 16, first-tier decentralized crypto trading platform Hyperliquid announced that it has added Virtuals Protocol, allowing investors to buy or sell VIRTUAL. The platform offers up to 5x leverage. Binance, the world’s largest crypto exchange by volume, has also added support for VIRTUAL futures trading.
Accordingly Data from CoinglassOpen interest in VIRTUAL has increased by more than 45% in the last 24 hours to over $107 million. The price of the VIRTUAL token has increased by 426% in the past month and by more than 14,500% since hitting its all-time low of $0.02018 on July 5, 2024.
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