Virtuals Protocol continues to attract attention in the gaming token sector despite a general price decline. The protocol launches Virgen Points ICO 2.0 and expands onto Solana.
Overview of VIRTUAL's Current Market State
The Virtuals Protocol (VIRTUAL) is currently trading at $1.6583, reflecting a 2.46% drop on the day. Over the past week, the token has experienced a 21.30% decline, and 18.42% over the past month. Year-to-date, the token has fallen 57.64%, yet it maintains a significant profit of 5,430% since inception. The market cap of VIRTUAL is approximately $1.09 billion.
Expansion onto Solana and New Funding Models
The Virtuals Protocol has expanded onto the Solana platform, enhancing speed and scalability for gaming dApps. As part of this development, the Virgen Points ICO 2.0 model has been introduced, which rewards early investors with real economic incentives. This approach could become a template for future GameFi rollouts.
Technical Analysis and Price Predictions
VIRTUAL is experiencing price pressure after a sharp decline from its all-time high of $5.12. The current market structure suggests a potential ascending triangle pattern, but indicators like MACD and RSI remain bearish. The current support at the $1.60 level may be at risk. However, some traders remain optimistic, predicting a possible recovery towards $3.00–$3.50 if trading volume increases.
Despite the price correction, interest in Virtuals Protocol remains strong. Checking key support levels and potential integrations with larger gaming platforms could serve as significant growth catalysts moving forward.
