South Korea’s largest crypto exchange, Upbit, is set to launch trading for the Virtuals Protocol token, known as VIRTUAL, on January 31 at 20:00 KST. This announcement has already boosted VIRTUAL’s price by 20%, rising from $2.04 to $2.40, though it has since stabilized around $2.30. VIRTUAL will be available for trading against Korean won, Bitcoin, and Tether on the Base network. With a Market cap of $1.5 billion and a trading volume increase of nearly 130% in 24 hours, VIRTUAL is gaining traction in the crypto world. After its initial listing, Upbit becomes the second South Korean exchange to support this innovative token that focuses on AI agents in gaming and entertainment.
South Korea’s largest cryptocurrency exchange, Upbit, is making waves by launching trading support for Virtuals Protocol token (VIRTUAL) on January 31. Following the announcement, the token experienced a remarkable surge of 20%, reaching a high of $2.40.
In a recent notice, Upbit revealed that VIRTUAL will be available for trading in three markets: Korean won, Bitcoin, and Tether. The trading will take place on the Base network, also known as VIRTUAL-Base. This move is seen as a significant endorsement for the token, which has previously been listed by another major South Korean exchange, Bithumb, back in November 2024.
Shortly after the announcement, VIRTUAL’s price soared from $2.04 to $2.40 but later adjusted to around $2.30. Current data indicates that VIRTUAL boasts a Market cap of $1.5 billion, with nearly 130% increase in trading volume over the past 24 hours, reaching over $415 million.
The introduction of VIRTUAL on Upbit comes just weeks after the token hit its highest value of $5.07 on January 2, illustrating the volatile nature of the crypto Market. At launch, the token’s price was expected to start lower, at approximately 2,971 to 2,984 Korean won ($2.04 – $2.05).
Trading restrictions will apply initially, with buy orders limited to around five minutes once trading begins. All order types, excluding limit orders, will be restricted for about one hour post-launch.
Virtuals Protocol is known for advancing AI technologies in the crypto space, particularly through its co-ownership model for AI agents in gaming and entertainment, allowing users to share ownership of AI entities. This innovative approach sets the stage for significant developments in integrating AI and blockchain technologies.
Stay tuned for more updates on cryptocurrency trends and Market movements as Upbit and Virtuals Protocol continue to innovate in this fast-paced industry.
What is the VIRTUAL token launched by Upbit?
The VIRTUAL token is a new digital currency created by Upbit, South Korea’s popular cryptocurrency exchange. It is designed to work with AI agents to help users with various tasks.
How can I buy the VIRTUAL token?
You can buy VIRTUAL tokens on the Upbit exchange. Simply create an account, deposit funds, and then purchase VIRTUAL using your preferred cryptocurrency or local currency.
What makes VIRTUAL unique?
VIRTUAL is special because it is linked to AI technology. This means it can be used for advanced applications and services that improve how you interact with digital platforms.
Is the VIRTUAL token safe to invest in?
As with any investment in cryptocurrency, there are risks involved. It is important to do your research and understand the Market before investing in VIRTUAL or any other token.
Can I use VIRTUAL for anything other than trading?
Yes, VIRTUAL can also be used in various applications related to AI. This could include tasks like data analysis, virtual assistance, and more, making it useful in different areas beyond just trading.
