Bithumb Lists AI Token VIRTUAL, Token Surges to Record High

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As a seasoned crypto investor with a penchant for spotting promising projects, I find the listing of VIRTUAL on Bithumb intriguing and potentially lucrative. Having witnessed the meteoric rise of numerous altcoins in the past, this 43% surge within hours of the announcement is a clear indicator of strong market interest.

South Korean cryptocurrency exchange Bithumb has added Virtual Protocol’s native token, VIRTUAL, to its Korean Won (KRW) trading platform. This move, announced on Friday, led to a significant increase of 43% in the value of VIRTUAL. The token’s current price is around $1.39, with a 24-hour volume of approximately $370.78 million and a market cap of over $1.39 billion. Its 24-hour volatility stands at 31.1%.

As a researcher, I’m excited to share that I started my journey with trading VIRTUAL today on Bithumb, where the initial price was set at 1,486 Korean Won. Interestingly, deposits and withdrawals for this token became available just three hours after the official announcement. To ensure a stable market environment, Bithumb has imposed a set of trading restrictions. It’s essential to exercise caution when depositing funds, as I was advised to double-check deposit addresses and network details carefully to avoid mistakes. Any errors in deposit could potentially lead to significant delays in refunds.

Listing VIRTUAL on a high-profile exchange like Bithumb is likely to encourage more people to use the token, providing it with increased market liquidity and easier investment opportunities for potential investors.

Market Reaction: VIRTUAL Hits New Highs

Immediately following Bithumb’s announcement, the VIRTUAL token, functioning on the BASE network, experienced a dramatic surge, peaking at $1.233 – marking a significant 39.15% rise. In a single day, the token’s market capitalization skyrocketed by an incredible 97.49%, reaching an impressive $160.92 million.

This year in February, the project known as VIRTUAL reached an unprecedented peak of $1.42 today, signifying a staggering 2,500% growth since its initial release. The overall market value of this project now stands at a whopping $1.3 billion, placing its token as the 202nd largest cryptocurrency by market capitalization. In just the last month, VIRTUAL’s worth has soared by more than 200%, and its total market value has quadrupled.

Additionally, this significant expansion highlights the increasing interest in Virtual Protocol, a project dedicated to creating a communal ownership framework for AI characters in gaming and entertainment. By using the protocol, creators can produce AI-powered characters and profit from virtual celebrities’ earnings. Currently, active personalities on the platform include LUNA, G.A.M.E, aixbt, and others.

AI and Crypto

As a researcher delving into the realm of digital finance, I’m witnessing firsthand how artificial intelligence is fueling groundbreaking advancements within the cryptocurrency sector. This revolution has led to a significant surge in the appeal of AI-centric tokens. At present, the cumulative market capitalization of these AI-based cryptocurrencies surpasses an impressive $49.8 billion.

Notable increases have been seen in prominent AI-related tokens such as Near Protocol and Render Token (RENDER), with gains of 55% and 72% respectively over the last month. This upward trend also underscores the strengthening relationship between artificial intelligence and cryptocurrency, with pioneering projects like Virtual Protocol paving the way in revolutionizing sectors like gaming and entertainment through decentralized control.

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2024-11-29 15:46