The AI-driven metaverse platform Virtuals Protocol is up an astounding 38.59% in just 24 hours. The network deployed on the Base blockchain is widely popular among crypto whales.
In this article, we will take a closer look at the Virtuals Protocol to understand what it is and how it works. Furthermore, we also explore the protocol’s native VIRTUAL token and predict its short-term price movement before determining whether it is a credible cryptocurrency investment.
What is the Virtuals Protocol?
Virtuals Protocol merges AI with the Metaverse to create a unique decentralized platform that allows users to develop their own plug-and-play gaming AI models. The innovative framework is designed to facilitate the co-ownership and monetization of AI agents within the gaming and entertainment industries.
Users can tokenize and co-own AI agents, treating them as revenue-generating assets, enabling broader participation in the development and monetization of these digital entities. Virtual Protocol’s AI agents are capable of planning independently to achieve their goals. They communicate through text, speech, and 3D animation, allowing for dynamic interactions in virtual environments like gaming and social media.
The plug-and-play solution for developers makes it easier to integrate AI agents into consumer applications without requiring extensive expertise in AI technology. Virtuals Protocol, through its Immutable Contribution Vaults, ensures that contributions from dataset creators and AI developers are recognized and rewarded. This promotes a decentralized approach to content creation.
What is the VIRTUAL Token?
VIRTUAL is the native cryptocurrency powering the Virtuals Protocol. It functions as a utility token facilitating transactions, governance, and staking within the AI and gaming ecosystem. VIRTUAL allows the protocol’s users to access various functionalities related to AI persona creation and management.
VIRTUAL has a total supply of 1 billion tokens, and all of them are currently in circulation. The cryptocurrency has a market capitalization of around $419.310 million and attained a trading volume of $45.4 million over the past 24 hours.
VIRTUAL Short-Term Price Prediction
At the time of writing, VIRTUAL is trading at $0.4192 – down 9.1% over the past 24 hours. Based on its current market price, we have made a prediction on the expected rates at which the token will trade for the remainder of 2024.
Keep in mind that the numbers specified below are purely speculative and could change depending on the market performance of the VIRTUAL token.
| DATE | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
|---|---|---|---|
| 28 October 2024 | $0.39 | $0.42 | $0.45 |
| 29 October 2024 | $0.40 | $0.43 | $0.46 |
| 30 October 2024 | $0.40 | $0.43 | $0.46 |
| 4 November 2024 | $0.41 | $0.44 | $0.47 |
| 9 November 2024 | $0.42 | $0.45 | $0.48 |
| 19 November 2024 | $0.44 | $0.47 | $0.50 |
| December 2024 | $0.45 | $0.48 | $0.51 |
Virtuals Protocol (VIRTUAL) Markets
Here are the exchanges where you can buy, sell, and trade VIRTUAL tokens:
- Bitget
- Aerodrome (Base)
- Uniswap V3 (Base)
- MEXC
- Gate.io
- BTSE
Is Virtuals Protocol (VIRTUAL) a Credible Cryptocurrency Investment?
Virtuals Protocol is an innovative metaverse platform that allows users to create AI agents without requiring any prior coding knowledge and earn passive income by integrating them into blockchain-based games.
Even though the VIRTUAL token is trading at a lower rate compared to the previous day, it is still poised to finish 2024 in a stronger position. Considering the project’s importance in the AI and blockchain realm, I would recommend VIRTUAL as a credible cryptocurrency in the short term.
However, as is the case with every other cryptocurrency, VIRTUAL is also prone to the volatile nature of the market. Therefore it is crucial to do your due diligence before making an investment decision regarding Virtuals Protocol and the VIRTUAL token.
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