The price of the VIRTUAL cryptocurrency has significantly increased due to the Genesis update, which has drawn investor attention and boosted trading volumes.
Genesis Update and Its Impact
The Virtuals team has introduced the Genesis update aimed at enhancing transparency across the ecosystem. This update includes a new token distribution mechanism that allows developers to auto-lock their token allocations and set clear vesting schedules, making risks clearer for users.
Trading Activity and Market Capitalization
According to crypto.news, VIRTUAL reached an intraday high of $1.67 and increased its market capitalization to over $1 billion, with daily trading volume nearing $600 million, a 60% increase from the previous day.
Price Analysis and Forecasts
Currently, VIRTUAL is trading within an ascending channel. A breakout above this channel could lead to further gains. Technical indicators such as the golden cross suggest a strengthening upward trend. Analysts anticipate that VIRTUAL could reach the $2 resistance level.
The VIRTUAL cryptocurrency continues to gain popularity among investors thanks to new updates and positive market dynamics.
