Virtual Protocol, $VIRTUAL coin is trading at $1.73

Virtual Protocol, the collective cryptocurrency project focused on metaverse-related tokens, has seen a triple-digit price gain in 24 hours, with $VIRTUAL coin surging 32.66% to reach $1.73.

The coin’s market cap now stands at $1.13 billion, and its 24-hour trading volume is $652.85 million, reflecting a 98.70% increase from the previous day.

Among the top 100 coins by market cap on CoinMarketCap, $VIRTUAL coin leads in 24-hour price gain, closely followed by Hedera (HBAR) with a 24.90% rise.

The cryptocurrency market has seen a mixed performance in the past 24 hours, with the global crypto market cap showing a slight increase of 0.09% to $1.49 trillion.

However, the top 100 coins witnessed a decline of 0.22%, while the top 10 coins experienced a steeper drop of 0.64%.

Moreover, the total crypto market trading volume also saw a decrease of 15.95% to $24 billion.

Earlier this week, the cryptocurrency market experienced a downturn, with Bitcoin (BTC) falling below the $47,000 mark and Ether (ETH) dipping below $3,300.

This downturn followed a period of strong gains for both cryptocurrencies, as Bitcoin rose above $48,000 and Ether crossed the $3,400 threshold.

Bitcoin is currently trading down 0.30% in the past 24 hours and 0.04% in the past seven days, trading at $46,646. Meanwhile, Ether is trading down 0.24% in the past 24 hours and 0.32% in the past seven days, trading at $3,292.

Next on the list is XVIX with a 63.98% price drop and IMPHIX with a 54.60% decrease in price.

At the same time, the cryptocurrency market is displaying signs of a slowdown in activity, with user engagement in the Virtual Protocol, a decentralized protocol focused on developing a metaverse ecosystem, sharply declining despite the protocol expanding to Solana.

On January 2, 2025, at the height of its daily active wallets (DAWs), the protocol recorded 58,641 DAWs on Coinbase’s Base chain and 2,562 on Solana, totalling 58,641.

However, by April 20, DAWs had dropped over 61% to 22,315 on Base and 241 on Solana—a two-month high, totalling 22,556.

The decline continued through April 30, with DAWs falling to just 8,328 on Base and 529 on Solana, amounting to 8,857 users—a sharp 84.9% drop from the January peak.

During the past two weeks, Virtuals Protocol’s trading volume on decentralized exchanges has shown only a modest recovery, despite a 200% price rally.

On April 16, 2025, total DEX volume was $3.52 million — $3.29M on Base and $229K on Solana. Two weeks later, on April 29, volume rose to $27.6 million, with $26.4M on Base and $1.17M on Solana.

While this marks a 683% jump in volume, it’s still nearly 90% lower than the January peak of $267.5 million — signaling weak market participation despite the price hype.

Parabolic Surge in VIRTUALUSD Nearing Exhaustion: Key Profit Zone Ahead for Crypto Traders

Looking at the VIRTUALUSD chart and its on-chain behaviour, the asset is displaying a classic parabolic curve structure, with three completed bases fueling a sharp vertical rally. This began around April 10, breaking Base 1 ($0.60), Base 2 ($1.10), and Base 3 (~$1.40) to reach a high of $1.97 by May 1.

This aggressive upside suggests the market is entering the Final pump, where $2.00–$2.20 is the projected Sell Point.

This Sell Point is a crucial level to watch—not only due to technical exhaustion, but because RSI is now extremely overbought at 84.75, signalling that price may soon reverse or consolidate. Additionally, the MACD continues to show a strong bullish crossover with widening histogram bars,