Latest news with #VirtualsProtocol
Business Mayor
26-05-2025
- Business
- Business Mayor
Breaking down VIRTUAL's 13% daily surge: Is $2.44 next?
VIRTUAL surged 13.25%, hitting a four-month high. Virtuals protocol makes a bullish crossover from two fronts as momentum strengthens. After reaching $2.24 three days ago, Virtuals Protocol [VIRTUAL] faced strong rejection. The altcoin retraced to a low of $1.83. However, over the past day, VIRTUAL has successfully retested $1.8 support and rebounded to hit a 4-month high of $2.25. In fact, as of this writing, VIRTUAL was trading at $2.24. This marked a 13.26% increase over the past 24 hours. Over the same period, the altcoin's volume has surged by 69.16% to reach $329.34 million while the market cap was up $13.18%, hitting $1.44 billion. A surge in price alongside volume and market cap signals strong demand for an asset. As such, VIRTUAL was experiencing significant demand across all market participants in both spot and futures markets. Source: Coinalyze For starters, d emand in the spot market remains strong, with buyers dominating over the past day. VIRTUAL buyers have accumulated 5.18 million in volume, creating a positive market imbalance of 403K compared to sellers. The same trend extends to the Futures market, where VIRTUAL's Open Interest has surged 18.83% to $237 million, according to CoinGlass data. This sharp increase suggests that investors are heavily favoring futures contracts. Source: CoinGlass VIRTUAL's long and short data reveal that most Futures investors are favoring long positions. At press time, longs accounted for over 50% of all futures contracts, with the Long-to-Short Ratio exceeding 1, while shorts held 49% of total Futures. This preference for long positions is further supported by VIRTUAL's Funding Rate remaining positive across major exchanges. When longs dominate the market, it signals widespread bullish sentiment, with investors expecting prices to climb further in the near term. Source: Coinalyze Is VIRTUAL set for a sustained uptrend? According to AMBCrypto's analysis, the coin was currently experiencing a strong upward momentum amid rising demand. This strong upward momentum is evidenced by the fact that VIRTUAL has made bullish crossovers across two fronts. Over the past day, the altcoin's Stoch RSI made a bullish crossover, rising to 50. A crossover here suggests that the momentum to the upside is strong and is very likely to continue. Source: TradingView This upside momentum was further confirmed by another bullish crossover that emerged on VIRTUAL's RSI. A move to the upside here suggests that buyers have taken control of the market, thus displacing sellers in the market. RSI has surged to 66 with its MA sitting at 62. These crossovers pointed out that demand has strengthened the uptrend, and VIRTUALl could make more gains. Therefore, based on the above observation, if the trend continues with bullish sentiments persisting, the altcoin will find the next significant resistance around $2.44. Conversely, if the attempt by Bulls fails with sellers starting to realize a profit, a pullback will see VIRTUAL drop to $1.92.
Business Mayor
24-05-2025
- Business
- Business Mayor
Injective leads AI token surge with 12% rise – Is $17 possible for INJ?
INJ, on the daily time frame, completed a clean inverse heads and shoulders pattern. Injective's $2B annualized trading volume for iAssets could accelerate the onboarding of tokenized stocks & RWAs. The altcoins are back to performance with most AI tokens, including Injective [INJ] and Artificial Superintelligence Alliance [FET] among others, gaining ground after potentially finishing the correction. Price analysis and market sentiment Injective completed an inverse head and shoulders pattern on the daily timeframe, and a breakout verified at the $11.16 level. Once it settled above the neckline, INJ made a big move up, rising 12% in just a day. The volume followed with an 87% daily rise. The price crossed both the 50-day EMA at $10.81 and the 100-day SMA at $11.16 and continued rising, showing momentum was bullish, and the trend could keep going. As trading increased on the breakout, it proved the structure was strong after the crossover. Should Injective's price remain supported at the neckline and by both averages, it could continue moving upwards and test the $16.50 to $17.00 level in the short run. Source: TradingView However, a failure to hold above $15.00 may trigger a slide back to $12.80—or, in a deeper retracement, to the 100-day SMA near $11.16. If that level breaks, the bullish setup would likely invalidate, opening room for downside risk. At the same time, statistics showed over 95% of respondents thought JasmyCoin [JASMY] and Injective were poised for growth. Due to the strong investor conviction, INJ was probably doing well following ongoing media appearances, keeping the project in the limelight. Read More How FTX can impact ETH's future price movements There were also sentiments of 94.90%, 94.70% and 93.40% for Jupiter [JUP], Virtuals Protocol [VIRTUAL] and Cardano [ADA], respectively. With both INJ's high ratings and the momentum, there was a real chance the protocol's ecosystem could grow over the long term. Injective's annualized volume for iAssets The media presence also helped. Ongoing exposure—including Eric Chen's recent appearance on CNBC—keeps INJ in the spotlight, boosting investor confidence. On top of price action, Injective recently hit a $2 billion annualized trading volume for its tokenized assets (iAssets). These include tokenized stocks and real-world assets (RWAs), key growth areas that are drawing both institutional and retail interest. Source: X While publicity from the DAO can lift the project's credibility, INJ's price responsiveness would rely on continuous platform implementation and changes in the market. An increase in institutional interest could bring upside movement to INJ. However, future growth needed the network to attract users and for the overall market to improve.
Business Mayor
16-05-2025
- Business
- Business Mayor
VIRTUAL corrects 13%, but bullish sentiment remains high – What's next?
112 top wallets now hold nearly $16M in VIRTUAL, signaling high-conviction positioning. Derivative data shows a bullish skew, with positive funding and rising long positions. Following a 237% rally in the past month, Virtuals Protocol [VIRTUAL] has entered a corrective phase, declining 13% on the weekly timeframe and 2.3% on the daily. Despite this pullback, VIRTUAL is being accumulated across the board, indicating that the market remains broadly bullish. Here's how. Smart money acquires more VIRTUAL Recent analysis on Nansen revealed that VIRTUAL has become the go-to AI token for smart money. These wallets—known for high-return strategies—have been quietly building positions. Source: Nansen In fact, 112 smart money wallets hold VIRTUAL, nearly as many as the combined total of the next three most-held tokens, which have 114 holders in total. These 112 wallets now hold $15.92 million worth of the asset. This level of participation and volume suggests strong conviction in the asset's rally potential. Market traders align with smart money While smart money is holding VIRTUAL, bullish interest is also building across spot and derivative markets. In the last 72 hours, the spot market recorded $5.71 million in VIRTUAL buys, with much of it moved off exchanges—mirroring smart money behavior. Meanwhile, in the derivative market, more long positions have appeared. Source: CoinGlass The Open Interest Weighted Funding Rate—which combines Open Interest and Funding Rate to forecast market direction—has remained positive. A positive reading implied that most unsettled derivative contracts, worth $205.05 million, are from long traders. When the derivative market tilts in favor of buyers, alongside steady accumulation in the spot market, it typically supports a positive price move. A rebound is near — Chart reveals The Bollinger Bands (BB), used to predict potential resistance and support based on price placement, suggest a relief bounce may be near. On the 1-day chart, the price is approaching the mid-level band, around $1.70. This level could act as potential support and push the price higher. The short-term target for this rally is $2.26, with a long-term target above $5. Source: TradingView On top of that, the Accumulation/Distribution (A/D) indicator has turned slightly upward—an early sign of renewed buying interest. However, it remains in negative territory, suggesting not all investors are convinced yet. Still, a sustained price bounce could push the A/D indicator back into bullish terrain, reinforcing VIRTUAL's long-term upside.
Economic Times
03-05-2025
- Business
- Economic Times
Crypto market regains bullish momentum amid economic shifts and institutional inflows
Changing Economic Outlook Live Events Increased Institutional Buying Improving On-chain Metrics Way Forward Top 3 crypto gainers during the week: Virtuals Protocol is up 98.02% Monero is up 21.8% Bonk is up 13.94% Top 3 crypto losers during the week: Ethena is down 16.8% Ondo is down 11.15% Celestia is down 10.1% (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The crypto market has moved into bullish territory over the past two weeks, gaining about $300 billion in market cap. Bitcoin briefly became the fifth most-valuable of all financial assets this week, surpassing Google's market cap for the first time. Currently trading above the $96,500 mark, BTC is just 3.7% away from reclaiming the $100,000 milestone, while other major altcoins like Ethereum and Solana are also showing strength, holding above the resistance of $1,800 and $150, respectively, driven by sustained buying the macroeconomic factors have also created a favourable environment for crypto, helping in this rally. With the market starting a new month on an optimistic note, let's take a look at what drove the upward momentum in the asset class and what investors could do going the past week, multiple economic factors have led investors towards the crypto markets. Firstly, the US GDP (Gross Domestic Product) for the last quarter had seen a 0.3% contraction, pointing towards an increased risk of stagflation. Additionally, factors like weakening US consumer confidence index and lower-than-expected job openings for March increased the fears of a recession the odds of a Fed rate cut at the June Federal Open Market Committee(FOMC) meeting have risen from 57% to 60% in just a week, further fueling investor optimism. With lower interest rates, investors would have comparatively more money in hand, which often boosts interest in risk-on assets like April non-farm jobs report, which is due later today, may reflect the broader economic pause triggered by inflation and protectionist trade measures. Weak job numbers could lead to some short-term volatility across risk assets, influencing the marketing sentiment for the next few the last two weeks alone, institutional investors have been aggressively increasing their exposure to crypto. Bitcoin spot Exchange Traded Funds(ETFs) saw net positive inflows of over $4.2 billion, largely helping in the upward momentum. Additionally, Ethereum ETFs have also seen close to $250 million in inflows, ending the streak of outflows during early April. Meanwhile, Solana's futures open interest climbed to 40.5 million SOL this week, marking a 5% increase from the previous month and nearing its all-time high, pointing towards growing institutional interest in SOL as the other hand, Bitcoin Whales have accumulated over 43,100 $BTC in the past two weeks, worth nearly $4 billion. With such huge inflows, Bitcoin's weekly volatility hit a 563-day low on April 30, according to a report by K33 Research. This shows the growing maturity of Bitcoin as a global financial to on-chain data, around 86.9% of all Bitcoin in circulation was in profit by the end of April. Historically, when this metric rises into the 85–90% range, it often reflects a shift in market sentiment, from healthy optimism to a more euphoric phase. This zone tends to coincide with strong price rallies and heightened bullish momentum. Supporting this trend, data from Glassnode reveals that both first-time buyers and Momentum Buyers (those entering during recent uptrends) are actively accumulating Profit Takers are remaining relatively quiet indicating that fresh demand is flowing in without significant selling pressure. This suggests that bulls are currently in control. If this dynamic continues, it could make way for a sustained rally in the days has been a significant change in the momentum of the market and the sentiment of the investors over the past few weeks. This change has positioned the crypto market back in a bullish trend. With most factors like geopolitical tensions, trade escalations that caused a market downturn, easing, we are likely to see healthy momentum taking assets like Bitcoin to new highs in the coming months. However, investors must continuously monitor the situation. As we re-enter the bull market, the risks of rug-pulls and volatility could increase. It is advisable to keep a long-term purview and to do your own research before investing.(The author is Co-founder and Chief Product Officer of Mudrex, a global crypto investing platform. )
Yahoo
29-04-2025
- Business
- Yahoo
AI Cryptocurrencies Are Surging. Which Ones Should You Buy?
Heading into 2025, artificial intelligence (AI) was supposed to be one of the biggest investment trends of the year for the crypto sector. Until recently, that hadn't been the case, with many top AI cryptos down big for the year. But, over the past 30 days, some of the most popular AI cryptos are suddenly up as much as 30%, seemingly out of nowhere. Is this a sign of a potential comeback for the AI crypto sector, or just a dead cat bounce? Let's take a closer look. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » At the beginning of the year, Cathie Wood of Ark Invest released "Big Ideas 2025," an annual look at top technological trends. One of the big themes was "technological convergence" -- the idea that several key innovation platforms are converging to accelerate technological and economic growth. Two of the innovation platforms highlighted in the report were AI and blockchain technology. The convergence of AI and crypto is one of those big ideas that could make you a millionaire one day. The only problem, of course, is that there hasn't yet been a cryptocurrency that has fully capitalized on this convergence. Cathie Wood did not specifically point out any AI cryptos in the report, although, in the past, she has hinted that a convergence of Bitcoin and AI would be interesting. Currently, the top AI crypto prospects are Bittensor (CRYPTO: TAO), Render, and Artificial Superintelligence Alliance. All of these have market caps above $1.5 billion, and all have been mentioned, at one time or another, as potential millionaire-makers. Of course, there are dozens of other AI cryptos, but all of them have much lower market caps, and are considerably more speculative. Typically, they quickly skyrocket in value, and then collapse back down to zero. Only a handful of them ever make it to the $500 million threshold, and fewer still make it to the $1 billion level. In 2024, Virtuals Protocol hit a market cap of $2.5 billion, based on its ability to capitalize on the hype around AI agents. Indeed, at one point in December, it was the top-performing cryptocurrency in the world. But look at what happened to it in 2025: It collapsed in value, and now trades 85% below its all-time high. If you poke through the listing of AI coins on a platform like CoinMarketCap or CoinGecko, it's possible to find other potential investment prospects. However, buyer beware -- if you do a little due diligence, you'll quickly find that many of these are not pure-play AI coins. For example, take Internet Computer, which has a market cap of $2.8 billion. Technically, it's not an AI coin. However, it's possible to run AI applications on its blockchain, so it often gets lumped into the category of "AI coins." Of these, the most intriguing investment prospect is Bittensor, which has a market cap of $3 billion and recently obtained a listing on Coinbase Global. Bittensor is basically a blockchain for AI projects, in which the currency of the realm is the TAO token. In other words, you pay for AI computing power with TAO tokens, and you earn TAO tokens for providing AI computing power. In theory, this is exactly the sort of convergence of AI and crypto that Wood mentioned in her "Big Ideas 2025" report. My primary concern with Bittensor is that it's rather difficult to figure out how it works, and how it generates value. Even Bittensor seems to agree. In a section of its website called "Bittensor Paradigm," it notes: "The promise of what Bittensor is and can be has been masked by large technical barriers to understanding, and thus has not been well digested by non-technical audiences." Yep, well, I guess that's me. That's one big reason why I haven't invested in Bittensor yet. I can hear the voice of Warren Buffett whispering in my ear: "Never invest in a business you cannot understand." Thus, I highly suggest checking out the official Bittensor whitepaper and trying to make sense of it yourself. On the plus side, Bittensor has a minuscule coin supply (21 million coins, of which only 8.65 million are in circulation), and offers an open-source approach to AI that's different from the proprietary approach to AI that's popular in Silicon Valley. Overall, it seems to be one of the few cryptos truly sitting at the intersection of AI and blockchain technology. My overall takeaway is that it may still be too early to invest in AI cryptos. Even after a mini-rally over the past 30 days, the top three AI cryptos are still down anywhere from 25% to 50% for the year. And all of them are trading significantly below their all-time highs. For example, Bittensor is trading 56% below its all-time high from April 2024. Moreover, I don't have a lot of confidence investing in AI cryptos when big-name tech stocks such as Nvidia are taking a beating. In a perfect world, AI cryptos and AI-powered tech stocks should move in tandem, right? That being said, the recent resurgence of the AI crypto sector is interesting. I'm putting a few names on my watchlist, and staying optimistic about potential millionaire-maker opportunities. Before you buy stock in Bittensor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bittensor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Dominic Basulto has positions in Bitcoin and Fetch. The Motley Fool has positions in and recommends Bitcoin, Fetch, Nvidia, and Render. The Motley Fool recommends Bittensor and Internet Computer. The Motley Fool has a disclosure policy. AI Cryptocurrencies Are Surging. Which Ones Should You Buy? was originally published by The Motley Fool Sign in to access your portfolio
