Virtuals Protocol Price Prediction: VIRTUAL Plunges 9% As Investors Shift To This AI OnlyFans Rival With 20% Staking APY

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Virtuals Protocol Price
Virtuals Protocol Price

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The Virtuals Protocol price dropped 9% in the last 24 hours to trade at $1.32 as of 2:58 a.m. EST as investors offload their holdings in the crypto on the market.

The recent drop in the VIRTUAL price could be due to profit-taking, given the strong rally the altcoin underwent in the last 7 days. Even with the 24-hour retracement, the crypto’s weekly and monthly performances still stand at over 71% and 121%, respectively. 

Virtuals Protocol Price Clinging To Support – Will The Level Hold?

VIRTUAL Chart Image

4-hour chart for VIRTUAL/USD (Source: GeckoTerminal)

The Virtuals Protocol price is resting on a support level at $1.3109, according to data from GeckoTerminal. Should the crypto drop below this technical safety net, it might be at risk of plunging to the subsequent support at $1.0523 in the short term. This drop could extend all the way down to $0.8763 if the sell pressure persists.

Traders could, however, identify the current Virtuals Protocol price as an opportunity to buy the altcoin at a discount. If this is the case, the crypto could start to climb again. With enough pressure from bulls, VIRTUAL might have the momentum needed to flip the resistance level at $1.5145 into support before potentially rising higher thereafter.

Technicals Suggest The Virtuals Protocol Will Keep Dropping In Coming Hours

From a technical standpoint, traders will want to keep an eye on the 20 and 50 Exponential Moving Averages (EMAs) on the 4-hour chart. The prior is confluent with the $1.3109 support, and is currently acting as a dynamic level.  Meanwhile, the longer 50 EMA is in line with the next key support level at $1.0523. 

While the 20 EMA is positioned above the 50 EMA at the moment, signaling the Virtuals Protocol price is in a medium-term bullish cycle, a drop below the $1.3109 support in the next 12 hours could mark the end of this positive phase.

That drop might very well happen, with the Relative Strength Index (RSI) on the 4-hour chart showing a decrease in buying power over the past 24 hours. During this period, the indicator fell from above 70 to the mid 50s. The RSI line is also currently negatively sloped, which warns a continued drop in buying power might be in the cards for the altcoin.

While the Virtuals Protocol price tries to hold onto vital support, investors continue to flock to the presale for a new AI crypto called SUBBD Token (SUBBD). Popular YouTube channel 99Bitcoins, with its more than 725K subscribers, predicts the crypto could soar 100X after launch.

SUBBD Will Challenge OnlyFans In Multi-Billion-Dollar Content Creation Industry

SUBBD is a new AI content creation platform that is powered by blockchain and crypto technology. Driven by its mission to reconnect creators with their fans, the platform uses AI to take care of the time-consuming and repetitive admin tasks that led to the disconnect in the first place. 

Tasks such as research, payments, content creation and so much more will be automated by the SUBBD platform, which wants to go head-to-head with OnlyFans to claim the lion’s share of the $85 billion content creation industry.

With its combination of AI and blockchain technology, SUBBD certainly has the technology stack needed to rapidly gain market share.

On top of automating daily tasks, middlemen are completely removed from the payments process as well through the platform’s integration of the SUBBD Token. Holders also unlock additional perks such as exclusive content and experiences, custom creator requests, and much more.

Investors Rush To Buy SUBBD Token At Presale Prices

SUBBD Token is drawing investors in with its ongoing presale, which has already raised over $292K just days after it went live. 

Interested investors can get in at this ground level of the project by buying SUBBD tokens through the widget embedded on the SUBBD website. Selling for $0.055275 apiece, it can be bought with both crypto and a bank card. 

Once purchased, investors can also lock up their SUBBD tokens in the project’s presale staking pool for a 20% annual return.

Buyers who want to secure the best deal will want to hurry. SUBBD Token’s price will undergo multiple scheduled increases as its presale progresses, with the next price hike coming in a little more than 3 hours.

Learn more about SUBBD Token.

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