- Virtuals expanded onto Solana for speed and scalability and launched Virgen Points ICO 2.0 model rewarding early backers.
- Technicals show ascending triangle testing $1.60 support, MACD and RSI bearish; bullish Golden Cross signals potential $3.00–$3.50 recovery.
Virtuals Protocol (VIRTUAL) is currently trading at $1.6583, registering a daily drop of -2.46% and continuing a multi-week correction with -21.30% in the last 7 days and -18.42% over the past month.
Year-to-date, the token has fallen -57.64%, although it remains significantly up from its inception with a +5,430% all-time return, largely driven by early speculative interest and momentum in the gaming-token sector.
Despite the correction, Virtuals Protocol maintains a strong presence in the Web3 gaming narrative. Its current market cap is approximately $1.09 billion, with a fully diluted valuation of $1.66 billion.
With a circulating supply of 654.87 million tokens and a capped total supply of 1 billion, its tokenomics remain moderately inflationary but manageable. The protocol recently completed listings on BTSE, HashKey Global, and a rollout of its Genesis Phase 1 launch, which garnered significant retail attention.
From a developmental standpoint, Virtuals has expanded onto Solana, boosting speed and scalability for gaming dApps. The protocol has gained traction for introducing an “ICO 2.0” model via its Virgen Points System, a mechanism designed to reward early backers with real economic incentives while funding projects across its metaverse and e-sports ecosystem. ETHNews analysts have noted this hybrid funding model could become a template for future GameFi rollouts.
Technically, VIRTUAL is under heavy pressure after a sharp fall from its all-time high of $5.12. The current structure suggests the formation of an ascending triangle breakdown, and momentum indicators such as MACD and RSI are still bearish. The asset is now testing major support at the $1.60 zone, and if broken, could revisit the $1.20–$1.30 region.
However, some traders remain bullish long-term, pointing to a Golden Cross formation and prior parabolic structures that align with potential recoveries toward $3.00–$3.50, assuming volume returns.
Community sentiment is divided. While some view VIRTUAL as an overhyped token from the last gaming boom, others argue it’s in accumulation and preparing for a second leg higher — especially if BTC stabilizes and gaming tokens rotate back into favor.
Upcoming catalysts include possible integrations with larger gaming platforms and continued expansion across Layer 1 ecosystems like Ethereum and Solana.
