AI agents are the latest sensation in blockchain networks, helping to create a unified system of artificial intelligence and tokenization. Artificial intelligence-aided crypto tokens evaluate a large set of data to allow automatic, secure, and efficient transactions. Many AI crypto tokens are circulated in the crypto platform, and Virtual Protocols stand in the front row.
What are Virtual Protocols?
Virtual Protocol is a crypto token operating on the Ethereum blockchain aimed to create virtual interaction using artificial intelligence and metaverse technologies. The VIRTUAL token allows users to participate in the ownership of AI agents, which provides telegram chatting, meme generation, live streaming, and music production. The token facilitates automatic transactions eliminating the need for the owner’s approval for processing transactions.
Virtual Protocols’s market details
Virtual Protocols (VIRTUAL) have a price of $1.36 and a market capitalization of 1.4 billion. It has a circulative supply of 1 billion and a trading volume of 333.3 million USD (changes every day). With the highest price of $1.88 and the lowest price of $0.0072 since launch, Virtual Protocols is ranked 93 in the crypto market top list.
Factors affecting the price of Virtual Protocols
1. Changing Economy
The price of the virtual protocols is impacted by the changing economy. The changing landscapes of financial institutions and their failure can lead to a shift, increasing the popularity of cryptocurrencies.
2. Tokenomics
The maximum supply of virtual protocols is capped at 1 billion. An increase in the demand for virtual protocols can lead to scarcity, resulting in an increase in price. Similarly, a decline in demand decreases the price.
3. Government regulations
Government regulations like mining restrictions, tax policies, and government-issued digital currencies can vanquish the popularity of virtual protocols. The underlying regulations affect the price adversely.
4. Artificial intelligence
The advancement in artificial intelligence increases the need for AI crypto tokens. Being an AI crypto token, the price of virtual protocols increases with increasing demand. AI crypto tokens are the future of the crypto market, thus we can expect an increasing price for virtual protocols in the near future.
5. News
Reports in favor and against a crypto token majorly impact its price. Media reports in favor can create an increasing demand and thereby an increase in price. Conversely, opinions against the currency can reduce their demand and then the price.
6. Ongoing competitions
Technological advancements can lead to the building of new coins, offering more security and user compatibility. People’s urge to adapt to innovations can shift the popularity of existing tokens to newer ones. Participants transfer their assets to new tokens, leading to a price decline of older ones.
Virtual Protocols price prediction
Price prediction for the year 2024
| Month | Min price | Avg price | Max price | Potential ROI |
| December | $ 1.337768 | $ 2.55 | $ 4.45 | 239.83% |
Price prediction for the year 2025
| Month | Min price | Avg price | Max price | Potential ROI |
| January | $ 4.05 | $ 5.18 | $ 6.17 | 370.04% |
| February | $ 3.26 | $ 3.88 | $ 4.51 | 243.26% |
| March | $ 4.51 | $ 4.73 | $ 5.26 | 299.96% |
| April | $ 3.59 | $ 4.30 | $ 4.76 | 261.18% |
| May | $ 2.89 | $ 3.32 | $ 3.70 | 181.10% |
| June | $ 3.12 | $ 3.39 | $ 3.65 | 177.62% |
| July | $ 2.25 | $ 2.56 | $ 3.21 | 144.82% |
| August | $ 2.39 | $ 2.60 | $ 2.60 | 115.92% |
| September | $ 2.40 | $ 2.60 | $ 3.18 | 141.38% |
| October | $ 3.15 | $ 3.43 | $ 3.63 | 173.92% |
| November | $ 3.18 | $ 3.36 | $ 3.58 | 169.39% |
| December | $ 3.31 | $ 3.43 | $ 3.43 | 163.58% |
Analysis used for price prediction
1. Fundamental analysis
Fundamental analysis evaluates the inherent value of an asset. In Virtual Protocols, analyzing the supply and demand graphs gives a clear picture of the upcoming trends.
- Supply: Supply dynamics can be examined by evaluating the market capitalization and circulating supply.
- Demand: Demand dynamics can be analyzed by viewing the on-chain data addresses and transaction counts.
2. Technical analysis
Technical indicators help analysts determine crypto token’s growth movements. Analyzing the support and resistance levels gives an insight into the upcoming prices helping in the precise predictions. However, the volatility of crypto platforms can make changes to the predicted prices.
- Relative Strength Index (RSI): The relative strength index is the measure of the magnitude of the fluctuations in the recent prices of a crypto token. By analyzing the overbought and underbought conditions of an asset RSI gives insight into whether to sell or accumulate an asset.
- Moving averages: Moving averages is an analytical tool used in calculating the average price of a crypto token over a period of time. The short-term and long-term fluctuations indicate the upcoming trends.
- Moving Average Convergence / Divergence (MACD): By using Simple Moving Averages and Exponential Moving Averages, MACD predicts the trend accurately. It analyzes six-hour, daily, and weekly trends to predict short-term and long-term prices.
Final Thoughts
The price of a Virtual Protocol is forecast to increase in the coming years. The involvement of artificial intelligence and its increasing importance can create a major impact on the price of Virtual protocols. Be aware of the market risks associated with crypto coins before buying a cryptocurrency.