🌎 VIRTUAL Token Soars 38% After Genesis Update and Exchange Listing

VIRTUAL Token Surges 38% Following Genesis Update and New Exchange Listing

The cryptocurrency market witnessed a significant rally in the price of VIRTUAL today, as the token surged by as much as 38%. This upward momentum follows renewed investor interest after the Virtuals team released a major Genesis update designed to enhance transparency across the ecosystem.

VIRTUAL’s Price Performance

On May 1, VIRTUAL Protocol climbed to an intraday high of $1.67, marking an impressive 300% gain from its low last month. At the time of writing, the token’s market capitalization has surpassed the $1 billion milestone, while daily trading volume has surged to nearly $600 million—a 60% increase compared to the previous day.

The latest rally builds on momentum that began on April 25, when VIRTUAL broke out of its prior consolidation range of $0.40–$0.80, where it had been trading since mid-March. Since leaving this range, the price has more than doubled, delivering over 100% gains.

VIRTUAL’s recent breakout follows a prolonged downtrend that started after the token hit its all-time high of $5.07 on January 2. The Genesis update appears to be the catalyst driving the latest upswing.

Genesis Update: Transparency and Credibility

The Genesis Launch update introduced new mechanisms for token distribution, allowing developers to auto-lock their token allocations and establish clear, transparent vesting schedules. These updates are visible to users, making it easier for them to evaluate which projects carry lower risks and are worth backing.

“This transparency brings greater credibility to the entire VIRTUAL ecosystem by empowering users to make informed decisions,” the company stated in its announcement.

Exchange Listing and Increased Demand

Another major factor driving VIRTUAL’s gains is its recent listing on a prominent cryptocurrency exchange. Listings on major platforms often attract increased investor interest and liquidity, drawing in both retail and institutional buyers.

Additionally, futures open interest for VIRTUAL has climbed to a three-month high of $186 million, up from $39 million last month. Rising open interest typically indicates growing demand and speculative activity among traders. Social sentiment surrounding the token has also remained positive over the past four days, with a noticeable increase in the number of holders owning between 10,000 and 1 million VIRTUAL tokens.

Technical Analysis: Bullish Signals

On the daily USDT chart, VIRTUAL is currently trading within an ascending channel pattern. A breakout above this channel could signal further upside potential. The 20-day EMA (blue) recently crossed above the 50-day EMA (green), forming a golden cross—a bullish indicator suggesting a larger uptrend may be underway.

Additionally, the SuperTrend indicator has flipped green, reinforcing the positive price outlook for VIRTUAL. Based on this technical setup, the next key target for the token is the $2 psychological resistance level, which represents a 48% increase from current levels. This level was last seen in early April.

Market Sentiment and Analyst Predictions

Market analysts and traders remain optimistic about VIRTUAL’s price trajectory. According to pseudonymous analyst CryptoBull_360, VIRTUAL is poised for a breakout above its horizontal resistance zone on the 4-hour USDT chart, supported by strong daily closes above a key trendline. The analyst notes that momentum could push the token toward an 80–100% upside move from current levels.

Another analyst, Bitboy, has echoed similar sentiments, suggesting that if VIRTUAL manages to hold above $1.60, more upside could follow.

At press time, VIRTUAL is trading at $1.63 per token, maintaining its bullish momentum.