Virtual Protocol’s VIRTUAL Coin Surges 100% After Coinbase x402 Integration
Virtual Protocol Cryptocurrency Surge
- VIRTUAL, the native cryptocurrency of the Virtual Protocol, surged nearly 100% in four days, reaching a high of $1.63.
- It faced a pullback and is currently trading around $1.41, with a market cap near $945 million.
Reasons for Price Rally
- The integration of Coinbase's x402 protocol into the Virtual Protocol ecosystem fueled the rally.
- x402 allows instant, on-chain stablecoin payments via HTTP without user accounts or complex authentication.
- Weekly agent-to-agent transactions increased from under 5,000 to over 25,000 after this integration.
- Growth observed in autonomous trading tools, robotics applications, and DeFi integrations within the ecosystem.
- Broader ecosystem developments include Coinbase support and expanded cross-chain functionality.
Outlook for VIRTUAL Price
- After reaching $1.63, VIRTUAL experienced a pullback, now trading at $1.41.
- Current support is expected between $1.15-$1.25; a rebound here could target $1.70 and $2.10 resistance levels.
- The Relative Strength Index (RSI) has surpassed 90, indicating an overbought condition, often preceding short-term corrections.
