Why VIRTUAL Price Surged by 18% Today

Key Points

• Upbit will launch VIRTUAL trading pairs for BTC, KRW, and USDT.
• Following the announcement, the coin’s price spiked significantly.

Upbit, the largest crypto exchange in South Korea, announced the listing of Virtuals Protocol (VIRTUAL) today, leading to a price spike for the coin.

Upbit Launches VIRTUAL Trading Pairs

In an official announcement, Upbit revealed that it will launch the following VIRTUAL trading pairs at 8:00 PM, South Korean time:

• VIRTUAL/USDT
• VIRTUAL/BTC
• VIRTUAL/KRW

Following the crypto exchange’s announcement, the coin’s price spiked.

VIRTUAL Price Surged Significantly

At the moment of writing this article, VIRTUAL is trading at $2.35, up by 18% in the past 24 hours. Now, the coin has a market cap of $1.51 billion.

Earlier, the coin reached $2.42 and a market cap of $1.57 billion.

Before the announcement made by Upbit, the coin was trading at $2.04 levels, having a market cap of $1.33 billion.

Following the crypto exchange’s upcoming listing announcement, the coin’s price spiked to the levels mentioned above.

After the price spike, VIRTUAL cooled down to $2.32, before another price surge to current levels.

What is Virtuals Protocol (VIRTUAL)?

The Virtuals Protocol is designed to facilitate seamless virtual interactions, making it an important player in the Metaverse space. The platform integrates AI with immersive virtual environments.

By leveraging AI, the protocol enhances UX in virtual worlds, enabling more dynamic and interactive environments. This makes it more appealing to devs and users who are interested in the future of digital interactions.

The project builds a co-ownership layer for AI agents in the gaming and entertainment sector – by tokenizing AI agents, the project enables individuals to co-own AI agents they believe have potential, in a similar manner to owning shares in a company.

By using this platform, anyone can freely create AI agents and users can contribute to their activities via governance mechanisms.

VIRTUAL is the protocol’s digital asset and it’s used for:

• Liquidity pairing
• AI agent token purchases
• Payments
• Governance in the ecosystem