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The artificial intelligence-based Virtuals Protocol platform’s main network asset, VIRTUAL coin, made headlines with a rise of nearly 30% within a day. The listing of this altcoin on South Korea’s Upbit exchange attracted significant investor interest, allowing the price to touch $2.61, defying previous downward trends.
Upbit Listing Ignites Crypto Market Buzz
South Korea-based cryptocurrency exchange Upbit opened trading for VIRTUAL coin in KRW, USDT, and BTC pairs. This listing quickly resonated throughout the cryptocurrency market, particularly due to the strong interest demonstrated by South Korean investors in altcoin projects.
Investors have been monitoring the correction following VIRTUAL coin’s record high of $5.25 on January 2. However, the recent exchange announcement prompted market activity, with VIRTUAL coin approaching its trendline and somewhat alleviating selling pressure.
Exciting Innovations In the Ecosystem
Additionally, Virtuals Protocol aims to burn AI-assisted coins in the ecosystem, capturing attention. Developers intend to utilize 13 million VIRTUAL coins collected from post-bonding transactions for this burn, aiming to reduce the circulating supply.
Initially operating on a Base framework, the project has recently expanded to Solana 
$167 via LayerZero. It is designed to enhance interaction and transaction volume within the Meteora pool, while also converting 1% of protocol transaction fees into SOL to build reserves.
Platform managers frequently emphasize their commitment to community engagement. Such innovative structures keep the interest of cryptocurrency investors alive, and the ongoing coin burn policy is expected to further diminish supply.
Experts hold varying views on the long-term potential of VIRTUAL coin. Some believe that the popularity of AI-supported services will shape the future, while others caution about increasing competition. Market volatility has led investors to exercise caution.
