Virtuals Protocol (VIRTUAL) Price Prediction 2023-2025: Will VIRTUAL Reach $100?

Virtuals Protocol (VIRTUAL) price has soared to new highs, pushing its market capitalization to over $4 billion and surpassing some popular cryptocurrency projects like Polygon (MATIC), Ethereum Classic (ETC), and VeChain (VET).

The surge in VIRTUAL price comes amid the ongoing artificial intelligence (AI) tailwinds, which have propelled the coin to become one of the best performing cryptocurrencies in 2023.

VIRTUAL price has surged by more than 17,000% from its lowest level in June, thanks to its positioning in the AI industry.

As a reminder, AI is one of the fastest-growing industries in the world, with NVIDIA (NASDAQ:NVDA) crossing the important market cap of over $4 trillion in 2024 and Broadcom (NASDAQ:AVGO) becoming a trillion-dollar firm because of AI.

In the AI sector, agents have become a key area, helping companies use “templates” to build AI platforms. By doing so, firms can simplify their operations and reduce the cost of operations.

Virtuals Protocol is a major player in the AI agents industry, having created a platform where users can create their AI agents. Some of these agents have gone on to become multi-million dollar entities.

For instance, GAME has attracted a market cap of over $334 million as its total value locked (TVL) jumped to $38.6 million. Luna has a market cap of over $166 million, while aixbt is valued at over $636 million. The Virtuals network will likely continue growing this year.

It's been exactly a year since we started building Virtuals. Since our new platform launch on 16th October on @base, we have:

– 220k holders of agent coins (holders below $10 USD are excluded)

– Powering $2B in market cap of agents

– $60M USD in protocol revenue, ~$300M…

Moreover, the VIRTUAL price is also being supported by the popularity of the Base Blockchain (BASE), which has become the largest layer-2 network in the crypto industry.

Base has managed to accumulate a TVL of over $3.57 billion and handled $181 billion in DEX volume since inception.

The daily chart of VIRTUAL shows that the coin has gone parabolic in the past few months, moving from $0.022 to $4. It has reached the upper side of the ascending channel and crossed the key resistance level at $4.0.

Virtuals Protocol is now trading far above the 50-day and 100-day moving averages, indicating that a mean reversion is likely to occur. Additionally, the Relative Strength Index (RSI) and the Percentage Price Oscillator (PPO) are forming a bearish divergence pattern.

Therefore, the coin will likely experience a bearish breakdown in the next few days as investors begin to take profits. If this happens, the next level to watch will be $3, which is also the lower side of the ascending channel.