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The Virtuals Protocol price surged 16% in a week but dropped 3% in the last 24 hours to trade at $2.04 as of 4:15 a.m. EST on trading volume that surged 30% to $328.2 million.
The VIRTUAL price saw a sharp surge over the past seven days, as Bitcoin led another bull run that took it just under its all-time high. Meanwhile, VIRTUAL followed with a surge of its own, almost climbing back up to the levels seen in late May.
Virtuals Protocol Price Prediction
Virtuals Protocol’s price action over the past week closely resembles Bitcoin’s, suggesting that the token has followed the larger cryptocurrency’s lead. Over the past seven days, its price has fluctuated from $1.63 on June 6, its lowest point, to $2.30 late last night, its highest point.
Since then, it corrected to $2.04, but has since started giving bullish signals again, which could mean that the price is ready to bounce back up. Given its close correlation with Bitcoin, the token might not see a major correction on its own, unless BTC starts another rally.
Virtuals Protocol’s Bollinger Bands have also seen a sharp narrowing as the price found its bottom after yesterday’s correction. However, as mentioned, the price has been trying to go back up, which might result in another widening soon, if it increases enough to start pushing the upper band further up.
VIRTUAL/USDT chart analysis (Source: TradingView)
The project’s Relative Strength Index (RSI) value has also provided bullish signals. After dropping from the overbought zone to the oversold region in the last 24 hours, traders immediately reacted by buying the dip.
This allowed the RSI to go back up to the neutral value of 50. At the time of writing, the metric’s value is still on the rise, going further up toward the overbought zone again. However, it is showing signs of struggle as it approaches the value of 60, suggesting that traders may not be optimistic enough to push the price further up.
Promising Alternative To Virtuals Protocol
With VIRTUALS struggling to grow, investors are turning to SUBBD Token (SUBBD), viewing it as one of the most promising new investments right now.
The token was created to serve as a native cryptocurrency of the SUBBD platform — a new hub for content creators that acts as the decentralized version of OnlyFans. Not only that, but SUBBD stands to disrupt a massive $85 billion industry, which is why investors are extremely excited about the project.
Its biggest strength against competitors is its use of AI, which is meant to make things easier for content creators by taking over multiple everyday tasks that otherwise take a lot of time from creators. With AI handling such tasks, creators can dedicate more of their time to their fans and build stronger relationships with them.
This has intrigued many, and over 2,000 creators with a total of 250 million followers have already joined the platform. That means that there are 250 million potential users for the token once it goes live, which is why experts believe that SUBBD has massive growth potential.
Among those experts is ClayBro, a cryptocurrency YouTuber with over 136,000 subscribers, who speculated that the token’s growth potential is at least 20X.
So far, the project’s ICO has raised over $652k and is rapidly approaching the $700k mark. Those who buy early will receive perks such as attractive staking rewards that offer a 20% APY, early access to the platform, exclusive content, discounts, and more.
If you wish to join others who bought SUBBD for only $0.05565, participate in its ICO now, while its price is still low. Buy before a presale price hike in around 2 days.
Visit the SUBBD Token website.
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