VIRTUAL hits new all-time high amid 26% surge

The native token of the Virtuals Protocol, an artificial intelligence and metadata array project that has become among the most popular in the market with the rise of artificial intelligence agents, rose to an all-time high on December 16.

Virtuals Protocol (VIRTUAL) price reached $2.96, setting a new all-time high on major crypto exchanges. The project, which offers artificial intelligence agent Launchpad on the Layer 2 platform Base, rose as Bitcoin (BTC) exceeded $ 106,000.

However, these gains come as the market continues to show interest in artificial intelligence-supported autonomous software. AI agents have become the new buzz since Terminal of Truths reached millionaire status as the first agent account in X, with posts about Goateus Maximus (GOAT) sending meme money parabolic.

The rise of the Virtuals Protocol comes as artificial intelligence agents take botting as we know it to the next level. Intense and viral interaction with protocols, applications and other intermediaries has caused the corresponding tokens to skyrocket. The Virtual Protocol project is a co-ownership layer for AI agents. Launchpad users can create AI agents with new tokens or leverage those from the ecosystem.

The VIRTUAL token began to rise rapidly last week, driven by multiple catalysts, including the listing announcement of crypto exchange OKX.

On December 11, OKX announced VIRTUAL/USDT futures. On December 16, layer 1 decentralized crypto trading platform Hyperliquid announced that it had added the Virtual Protocol, allowing traders to go long or short 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.

According to Coinglass’ data, open positions in VIRTUAL increased by more than 45% in the last 24 hours, reaching over $107 million. The price of the VIRTUAL token is up 426% in the past month and is up more than 14,500% since hitting an all-time low of $0.02018 on July 5, 2024.