OKX Lists Virtuals Protocol (VIRTUAL) as Market Momentum Resurges

OKX, a prominent cryptocurrency exchange, has revealed that it will list Virtuals Protocol (VIRTUAL) on its spot trading platform.

This listing comes on the heels of a momentum surge for VIRTUAL, which recently reached its highest point in three months, bolstered by intensified on-chain activities and strategic partnerships.

VIRTUAL's Major Exchange Listing

In a recent update, OKX announced that VIRTUAL will be available for trading against the Tether (USDT) pair. Deposits for VIRTUAL are now open, with trading set to commence at 8:00 UTC following a pre-open session that starts at 7:00 UTC. Withdrawals will become available at 11:00 UTC.

“After the conclusion of the Pre-open session, OKX will use the last index price before continuous trading begins as the initial price for the trading chart,” noted the exchange.

To manage initial market volatility, OKX will enforce a limit order cap of $10,000 for the first five minutes of trading. The exchange will also apply index-based price controls throughout both the pre-open and continuous trading sessions.

How Virtuals Protocol (VIRTUAL) Captured Market Spotlight in October

Notably, OKX's choice to list VIRTUAL coincides with a period of revitalized interest for the token. Data from BeInCrypto Markets indicates that VIRTUAL's price has surged by over 90% in the past week.

Just yesterday, the token hit a three-month peak before undergoing a slight correction, experiencing a 7.8% decline in value within the last 24 hours. At the time of this report, VIRTUAL is trading at $1.43.

Virtuals Protocol (VIRTUAL) Price Performance. Source: BeInCrypto Markets

Despite the recent dip, CoinGecko data reveals that 87% of traders remain optimistic about VIRTUAL, reflecting a strong confidence within the community. This positive sentiment is mirrored in the assessments made by analysts, who predict that the token could continue to create new peaks.

One analyst remarked that VIRTUAL has broken a 19-week downtrend, signifying the potential for a significant rally ahead. They added that even with any short-term corrections, the overall outlook for the token remains optimistic.

“My targets for VIRTUAL: $2, $2.59, $3.2 (bullish forecasts are even higher ;),” the analyst explained.

Altcoin Growth - Otto Suwen

In addition to the positive price movements, the VIRTUAL network has experienced robust growth overall. Recent data from Dune Analytics shows an increase in daily active wallets towards the end of October, averaging over 10,000. Furthermore, whale transactions exceeding $100,000 have surged by 240% week-over-week.

This growth can be attributed to expansions within the VIRTUAL ecosystem, which have enhanced its utility and appeal. The AI agent ecosystem of Virtuals Protocol has seen multiple new integrations, and it was recently announced that all agent tokens have successfully launched on Coinbase.

“Virtuals is one of the most significant ecosystems in base, and I’m incredibly proud that we have it all on @coinbase. It’s immensely well-deserved,” stated Jesse Pollak, Head of Base.

Overall, these developments indicate a clear resurgence of interest in Virtuals Protocol. It remains to be seen whether this momentum will continue or dissipate in the near future.

Key Takeaways

OKX has listed Virtuals Protocol (VIRTUAL) on its platform, with trading starting soon.
VIRTUAL recently experienced a price increase of over 90%, reaching a three-month high.
Strong trading community sentiment persists, with 87% of traders expressing bullish outlooks.
The network has seen significant growth in active wallets and whale transactions.
Ecosystem expansions and integrations are driving demand for VIRTUAL, including a launch on Coinbase.