OKX added Virtuals Protocol (VIRTUAL) amid market revival

0 Reading time: 3 min. okasks_editor

Major exchange OKX has added Virtuals Protocol (VIRTUAL) to its spot platform.

This happened amid a sharp increase in activity around the project. Recently, the VIRTUAL token hit a three-month high — driven by high on-chain volumes and fresh strategic integrations.

VIRTUAL debuts on a major exchange

OKX confirmed that VIRTUAL will be traded in a pair with Tether (USDT). Deposits are already open.

Trading will start at 08:00 UTC after a one-hour pre-trading period starting at 07:00. Withdrawals will be available from 11:00.

‘After the end of pre-trading, we will set the last index price as the starting price on the chart,’ OKX reported.

In the first five minutes after launch, OKX will limit limit orders to $10,000. There will also be index restrictions during pre-trading and the start of trading. All these measures are introduced to smooth out sharp price fluctuations during the token listing.

Why interest in Virtuals Protocol surged again in October

The listing of VIRTUAL on OKX coincided with a sharp spike in interest in the token. According to CoinMarketCap, its price has risen by more than 90% over the past week.

Recently, VIRTUAL hit a three-month high, but later corrected. Over the past 24 hours, the token dropped by 7.8% and at the time of publication was trading at $1.43.

virtual-price-perfomance-28-oct

VIRTUAL price dynamics. Source: CoinMarketCap

Despite the correction, according to CoinGecko, 87% of traders remain bullish. The community believes in the project, as confirmed by analysts’ forecasts expecting further growth.

One analyst noted that the token broke a downward trend that lasted 19 weeks. According to him, even if the price pulls back a little, the overall sentiment remains positive.

‘My targets: $2, $2.59, $3.2 (and the bullish scenario is even higher),’ he added.

The Virtuals Protocol ecosystem is growing rapidly

Besides price growth, the project is showing confident development of the entire network. According to Dune Analytics, at the end of October, the number of active wallets exceeded 10,000 per day. The volume of large transactions over $100,000 grew by 240% in a week.

See also: Solana co-founder considers it a misconception that L2 projects inherit Ethereum’s security

This is facilitated by the expansion of the ecosystem, which increases the utility and demand for VIRTUAL. The system of AI agents Virtuals received several integrations at once, and all related tokens became available on Coinbase.

‘Virtuals is one of the key ecosystems on Base. I’m very proud that it is now fully available on Coinbase. Absolutely deserved,’ wrote Jesse Pollak, head of the Base project.

All these factors signal a noticeable return of interest in Virtuals Protocol.

Comments (0)

News about digital currencies, fintech trends and financial innovations

CoinSpot.io - the largest Runet resource about digital currencies, fintech trends and financial innovations. We talk about technologies, startups and entrepreneurs shaping the face of the financial world. Venture investments, p2p and digital technologies, cryptocurrencies, analytics and reviews - everything you need to know to stay in trend and earn.

Full or partial use of site materials is allowed only with the written permission of the editorial office, and a link to the source is mandatory!

Подпишитесь на Email рассылку о новые статьях и важных новостях от Coinspot.io