{"id":62812,"date":"2025-04-29T12:14:00","date_gmt":"2025-04-29T12:14:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=62812"},"modified":"2025-04-29T12:14:00","modified_gmt":"2025-04-29T12:14:00","slug":"binances-nod-sent-this-altcoin-soaring-30-heres-what-happened","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=62812","title":{"rendered":"Binance\u2019s Nod Sent This Altcoin Soaring 30%: Here\u2019s What Happened"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Virtuals Protocol (VIRTUAL) surged by double digits after Binance US embraced the asset.<\/span>
\nAnalysts now predict further upside, with price targets between $2 and $5.<\/p>\n

<\/a><\/span><\/h2>\n

Outperforming the Elite<\/h2>\n

Over the past 24 hours, many major cryptocurrencies have consolidated near their April 28 price levels or posted minor losses. One low-cap altcoin that stood out with a significant surge is Virtuals Protocol (VIRTUAL).<\/p>\n

Several hours ago, its valuation <\/span>briefly<\/span> climbed above $1.50, the highest level in <\/span>more than<\/span> two months.<\/span> It later slightly retraced to the current $1.45 (representing a 15% rise on a daily scale). VIRTUAL\u2019s market capitalization neared the $1 billion mark, thus positioning it as the 94th-largest cryptocurrency.<\/span><\/p>\n

<\/a>VIRTUAL Price, Source: CoinGecko<\/p>\n

Perhaps the<\/span> most evident factor igniting the asset\u2019s rally is the support from Binance.US.<\/span> The American subsidiary of the world\u2019s biggest crypto exchange <\/span>allowed<\/span><\/a> deposits for VIRTUAL and introduced the VIRTUAL\/USDT trading pair.<\/span><\/p>\n

Listing on major platforms typically leads to increased accessibility, boosted credibility, and higher liquidity for the involved cryptocurrencies, hence the price uptrend. Those curious to see how Deep Book (DEEP) reacted after the recent support from Binance can take a look at our article here<\/a>.<\/p>\n

Earlier this month,<\/span> Virtuals Protocol initiated the Genesis Launch \u2013 a token distribution mechanism for AI agents within its ecosystem.<\/span> Shortly after<\/span>, though<\/span>, a project named PlayGameAI allegedly exploited the system by taking advantage of loopholes, deceiving users, and undermining trust.<\/span>\u00a0<\/span><\/p>\n

On April 28, Virtuals Protocol <\/span>promised<\/span><\/a> a compensation plan for affected participants. In a subsequent post on X, the entity <\/span>revealed<\/span><\/a> that all users <\/span>who<\/span> engaged with the project have <\/span>been fully refunded<\/span>. The only exception is three wallets that \u201cdid not bid for points but transferred VIRTUAL directly to PlayGameAI.\u201d\u00a0<\/span><\/p>\n

Virtuals Protocol is a decentralized platform that allows people to create, monetize, and co-own tokenized AI agents. The ecosystem <\/span>is powered<\/span> by VIRTUAL, which serves numerous functions. For instance, it<\/span> is employed<\/span> for transactions and governance decisions.\u00a0<\/span><\/p>\n

The token saw the light of day at the end of 2023. It reached an all-time high of over $4.50 at the beginning of this year when its market capitalization exploded beyond $4.5 billion.\u00a0<\/span><\/p>\n

Price Forecasts<\/span><\/h2>\n

VIRTUAL\u2019s latest rally caught the eye of many analysts who think there\u2019s more room for growth. The X user 0xCB <\/span>set<\/span><\/a> $1.50 as a \u201cbreakout confirmation\u201d and $3 as the \u201clast barrier before $5 ATH retest.\u201d\u00a0<\/span><\/p>\n

\u201cIf BTC stays above $100K, new ATH is incoming unless force majeure hits (e.g., wars),\u201d the analyst added.<\/span><\/p>\n

It is important to note that the largest cryptocurrency currently trades at around <\/span>$95K<\/span> and the last time it crossed\u00a0 $100,000 was in February this year.<\/span>\u00a0<\/span><\/p>\n

Degen Ape Trader also chipped in. The X user <\/span>foresees<\/span><\/a> \u201cmuch higher\u201d levels in the long term, predicting a rise to $2 after the breakout of $1.30.\u00a0<\/span><\/p>\n

The post Binance\u2019s Nod Sent This Altcoin Soaring 30%: Here\u2019s What Happened<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Virtuals Protocol (VIRTUAL) surged by double digits after Binance US embraced the asset. Analysts now predict further upside, with price targets between $2 and $5. Outperforming the Elite Over the past 24 hours, many major cryptocurrencies have consolidated near their April 28 price levels or posted minor losses. One low-cap altcoin that stood out […]<\/p>\n","protected":false},"author":0,"featured_media":62813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62812"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62812"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/62813"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}