Overview

VIRTUAL, the cryptocurrency linked to the Base-native Virtuals Protocol, has shown an impressive 207% increase over the last month, surpassing traditional cryptocurrencies such as bitcoin.

Key Highlights

• VIRTUAL’s price rose to $1.66 within 30 days, marking it as the best performer among the top 100 cryptocurrencies by market capitalization, as reported by CoinDesk.
• There has been an injection of $14.2 million from smart money wallets, indicating significant confidence from larger investors.
• The recent launch of the Genesis launchpad, which features a unique system of rewards for genuine contributors, has likely contributed to this demand.

Market Performance

In contrast, the broader crypto market saw bitcoin increase by only 13% over the same period, displaying a relatively flat performance in the last week. Meanwhile, VIRTUAL not only dominated in performance but also became the most traded token among smart money wallets identified as those owned by institutions and influential investors.

Future Implications

The Genesis platform aims to enhance token launches by implementing a proof of contribution system that rewards genuine engagement, as noted by observers on social media. This highlights an evolving strategy in the cryptocurrency space towards creating a more sustainable and engaging ecosystem.