Today, Virtuals Protocol’s VIRTUAL token was added to the Upbit exchange, resulting in an astounding 20% increase in its price. This prompted a significant surge in daily trading volume of 107% and scored $345 million. Consequently, the fully diluted valuation (FDV) of the cryptocurrency has now surpassed the $2.34 billion mark.
Upbit Announces Virtuals Protocol (VIRTUAL) Trading Support
Virtuous Protocol (VIRTUAL) has had its first ever listing by Upbit, one of the largest Korean crypto exchanges. Users of the exchange can now trade VIRTUAL against KRW, BTC, and USDT. With this listing, VIRTUAL is expected to experience a significant growth in liquidity and increase in price as well.
The Virtuals Protocol VIRTUALbase network is the only channel through which deposits for Virtuals Protocol will be accepted. Users are advised using the supported network for deposit as transfers using the unsupported network will be canceled and refunded later which is time consuming. Transfers are restricted to the verified wallets provided by VIRTUAL asset operators.
Aimed at averting possible market volatility and panic buying, Upbit has disabled trading for the first five minutes of trade. Limit orders are also the only order type allowed during the first hour of trade.
A Go-To Platform for AI Agents
The focus of co-ownership of AI agents is primarily within gaming and entertainment. Virtuals Protocol is a blockchain combatable platform that makes this a reality. Users can own these AI agents just like you would have shares of a company.
Using the VIRTUAL token, one is able to create governance, AI agents, and fully immerse themselves in the ecosystem. Everything from AI agent tokens to payments and governance is possible as liquidity pairing. Recently, Virtuals Protocol which is based on Ethereum has announced plans to expand to the Solana blockchain.
VIRTUAL Price Skyrockets Following Upbit Listing
VIRTUAL soared 20% to surpass the $2.50 mark, gaining a market cap of $1.5B right after the listing was announced on Upbit. With trading volume demonstrating a bullish 107% gain, daily trading volume also soared.
Coinglass data shows that the open interest in VIRTUAL futures has also risen, increasing by 15% to reach $211 million.
Famous crypto researcher Satoshi Flipper highlighted that VIRTUAL is attempting to exit this descending channel, thereby indicating a possibility of a further surge, this time towards the prior ATH of $5.00, if not higher.