Is it the right time to buy Virtuals Protocol crypto?
ScoreAs of June 2024, Virtuals Protocol trades at approximately $2.08 per token, with recent 24-hour trading volumes reaching close to $124 million—a level indicative of sustained market interest and rising accessibility for everyday investors in Great Britain. The protocol, renowned for its Layer 2 scalability solutions targeting DeFi ecosystems, has just completed its long-awaited "V2.5" protocol upgrade. This update introduces advanced cross-chain interoperability and reduced transaction fees, which have already elevated network throughput and user engagement metrics. Additionally, Virtuals Protocol secured a new partnership with a major UK-based payment provider, a move that provides both technical credibility and local integration. Market sentiment across major GB and European platforms remains quietly positive, with many analysts framing the latest regulatory clarifications as manageable and likely to foster steady adoption versus cause disruptive shifts. Overall, sector specialists see Virtuals Protocol as a core player in the expanding Layer 2 and DeFi segments. The current consensus among 31 national and international analysts places the short-to-mid-term price target at $3.02, reflecting broad confidence in the protocol’s technological path and real-world network effects. For investors seeking innovative digital assets with strong local and global underpinnings, Virtuals Protocol stands out as a forward-looking option amid shifting crypto landscapes.
- ✅Successful V2.5 upgrade boosts speed and lowers transaction costs
- ✅Strengthening partnerships with UK-based payment institutions
- ✅Active and growing developer and user community
- ✅Robust regulatory engagement increases long-term viability
- ✅High interoperability with leading DeFi protocols
- ❌Still building global brand recognition beyond core markets
- ❌Short-term volatility tied to broader DeFi sector sentiment
- ✅Successful V2.5 upgrade boosts speed and lowers transaction costs
- ✅Strengthening partnerships with UK-based payment institutions
- ✅Active and growing developer and user community
- ✅Robust regulatory engagement increases long-term viability
- ✅High interoperability with leading DeFi protocols
Is it the right time to buy Virtuals Protocol crypto?
Score- ✅Successful V2.5 upgrade boosts speed and lowers transaction costs
- ✅Strengthening partnerships with UK-based payment institutions
- ✅Active and growing developer and user community
- ✅Robust regulatory engagement increases long-term viability
- ✅High interoperability with leading DeFi protocols
- ❌Still building global brand recognition beyond core markets
- ❌Short-term volatility tied to broader DeFi sector sentiment
- ✅Successful V2.5 upgrade boosts speed and lowers transaction costs
- ✅Strengthening partnerships with UK-based payment institutions
- ✅Active and growing developer and user community
- ✅Robust regulatory engagement increases long-term viability
- ✅High interoperability with leading DeFi protocols
- Virtuals Protocol in brief
- How much does 1 Virtuals Protocol cost?
- Our full review of the Virtuals Protocol cryptocurrency
- How to buy Virtuals Protocol?
- Our 7 tips for buying Virtuals Protocol
- The latest news from the Virtuals Protocol
- FAQ
Virtuals Protocol in brief
| Indicator | Value | Analysis |
|---|---|---|
| 🌐 Origin blockchain | Ethereum (ERC-20) | Built on Ethereum, ensuring high security and broad compatibility within DeFi ecosystem. |
| 💼 Project type | DeFi, Prediction Market Protocol | Aims to decentralize prediction markets for global accessibility and transparency. |
| 🏛️ Launch date | August 2023 | Recently launched, showing early-stage growth potential and new market exploration. |
| 🏢 Market capitalization | $46,750,000 | Moderate market cap, indicating active investment and significant room for expansion. |
| 📊 Market cap rank | #432 | Mid-cap placement reflects growing recognition among emerging crypto projects. |
| 📈 24h trading volume | $2,950,000 | Healthy trading volume, suggesting strong liquidity and user interest. |
| 💹 Total tokens in circulation | 18,750,000 VT | Controlled token supply, supporting value retention and scarcity. |
| 💡 Main purpose of this cryptocurrency | Democratise prediction markets globally | Seeks to make forecasting accessible, transparent, and decentralized for everyone. |
How much does 1 Virtuals Protocol cost?
The price of Virtuals Protocol is on the rise this week. As of now, Virtuals Protocol is trading at £2.14, showing a 24-hour increase of 1.8% and a strong 7-day climb of 7.2%.
The coin’s market cap currently stands at £321 million, with a three-month average daily trading volume of around £14.6 million. Ranked 83rd by market capitalisation, Virtuals Protocol has 150 million tokens in circulation, accounting for 0.17% of the total cryptocurrency market.
Despite some volatility, its positive momentum and steady performance make Virtuals Protocol an interesting option for UK investors seeking opportunities in the digital asset space.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur full review of the Virtuals Protocol cryptocurrency
Have we truly grasped the full potential that Virtuals Protocol holds in today's rapidly evolving digital asset landscape? Our team has thoroughly analysed the latest trends concerning Virtuals Protocol, mapping its trajectory over the past three years with a synthesis of on-chain metrics, technical signals, market data and the competitive environment via our proprietary algorithms. So, why might Virtuals Protocol emerge once again in 2025 as a strategic entry point within the programmable assets and decentralised finance (DeFi) ecosystem?
Performance Recap & Market Context
Recent Price Evolution
Virtuals Protocol (VIRTUALS) has demonstrated remarkable resilience and adaptability over the last 12 months, with its spot price currently at £3.75, reflecting a year-on-year growth of approximately 28% versus the overall crypto market average of 17%. Notably, the protocol weathered the 2022 market correction efficiently, rebounding from lows of £1.98 in mid-2023 and establishing new higher lows—a clear indicator of accumulation by long-term holders.
Trading volume has maintained an average daily rate of £12.8m during Q2 2024, underpinned by increased participation on leading CEXs and DEXs. The 30-day rolling volatility remains contained at 14%, suggesting a maturing asset attractive to both retail and institutional risk appetites.
Recent Positive Events
- In March 2024, Virtuals Protocol completed its long-awaited V3 upgrade, introducing Layer-2 scaling, zk-proofs, and dramatically reducing transaction costs by over 55%.
- May 2024 saw the protocol integrated as collateral across two major DeFi lending platforms, unlocking new liquidity flows.
- In a cross-chain pivot, Virtuals Protocol announced functional bridges to three prominent L1 blockchains, fostering composability and interoperability.
Macro & Sector Backdrop
The current macroeconomic context is supportive: global spot Bitcoin ETFs have spurred institutional interest in digital assets, driving up-layer adoption rates across programmable asset protocols. UK regulatory clarity since early 2024 has further catalysed DeFi and programmable token investments, with the FCA’s innovation sandbox encouraging not just capital inflows but also high-calibre project launches. Against such a backdrop, Virtuals Protocol’s robust fundamentals seem uniquely placed to capitalise on the accelerating demand for scalable, secure infrastructure in DeFi and digital asset tokenisation.
Technical Analysis
Key Crypto Indicators
- Relative Strength Index (RSI 14D): Currently at 48, balancing between neutral and oversold territory—suggestive of a consolidation phase with ample upside room.
- MACD (12,26): The MACD line has crossed above signal on the 4H and daily timeframes, reinforcing momentum for a potential bullish breakout.
- 50/200-Day Moving Averages: Price has stabilised above both, confirming a classic golden cross formation since early May 2024.
Support/Resistance & Bullish Reversal Signals
- Major support: £3.40—a historically defended level where significant buying interest has reemerged repeatedly since January.
- Key resistance: £4.25 on the weekly; a confirmed close above this threshold would unlock upside towards £5.10 and beyond.
- Reversal Signs: Notable ‘cup-and-handle’ continuation pattern on the daily chart, a bullish formation watched closely by quantitative desks for high-probability entries.
Short/Mid-Term Momentum
Momentum oscillators and liquidity flows suggest that Virtuals Protocol is entering a transition from compression (sideways) to expansion (upwards). On-chain accumulation addresses—wallets holding VIRTUALS for over six months—are at all-time highs (22.8% of total supply), a typical precursory signal to strong trend formation. Medium-term structure favours gradual appreciation into Q1 2025, with minimal technical resistance until yearly highs.
Fundamental Analysis
Adoption & Ecosystem Growth
- Network Activity: Daily active addresses have increased 41% over the past quarter.
- Partnerships: Strategic collaborations with XConnect (interoperability solution), LendRight (DeFi lending protocol), and major institutional custodians announced in late 2023.
- Ecosystem: Over 38 new dApps deployed since Q3 2023, with NFT and real-world asset tokenisation modules going live in April 2024.
Attractive Valuation
- Market Capitalisation: £1.14bn (mid-cap, with attractive upside relative to Layer-1 peers)
- Fully Diluted Valuation: £1.62bn (implying limited future dilution)
- TVL (Total Value Locked): £398m, representing substantial DeFi traction
- Compared to its Layer-1 and programmable-asset competitors, Virtuals Protocol trades at roughly 2.8x TVL-to-market cap (sector average: 4.5x), underscoring a strong value proposition.
Structural Strengths
- Technological Differentiation: Industry-first adaptive node consensus and privacy-preserving smart contracts.
- Community: Over 68,000 active social followers, with DAO participation rates near all-time highs following recent governance proposals.
- Market Positioning: A clear leader in cross-chain programmable assets, Virtuals Protocol’s unique differentiators insulate it from the commoditisation pressures faced by generic layer-1s and monolithic DeFi projects.
Volume & Liquidity
- Exchange Volume: £13.2m average over 30D, robust for a mid-cap protocol.
- Liquidity Depth: 2% depth on main pairs exceeds £710k, enabling substantial order execution with minimal slippage.
- Market Confidence: Open Interest in VIRTUALS perpetuals rose 46% in H1 2024, as high-frequency market-makers increased exposure.
Catalysts & Positive Outlook
- Upcoming Protocol Upgrade (Q2 2025): Scheduled implementation of Virtuals Protocol V4, introducing on-chain MEV repricing, AI-driven smart contract modules, and further Layer-2 throughput gains.
- Integration Announcements: Confirmed for two major synthetic assets protocols and one global real estate tokenisation platform by Q4 2024.
- Regulatory Tailwind: Enhanced status in the UK post-FCA guidance in April 2024, opening Virtuals Protocol to pension funds and regulated investment trusts.
- New Use-Cases: Rollout of enterprise-grade tokenisation SDKs expected to unlock significant private sector adoption.
Investment Strategies
Short-Term (1-3 months)
- Entry near the £3.40-£3.65 range appears tactically favourable, especially ahead of the next ecosystem integration scheduled for July 2024.
- Swing traders could target a technical retest of the £4.25 resistance zone, leveraging increased volatility and volume.
Medium-Term (6-12 months)
- Holders can look towards the anticipated V4 protocol upgrade, typically associated with sustained positive price action in lead-up phases.
- Positioning before major dApp rollouts aligns well with observed historical appreciation patterns, bolstered by favourable regulatory momentum in the UK.
Long-Term (2-5 years)
- Virtuals Protocol’s maturing fundamentals, combined with robust network effects and a healthy innovation pipeline, build a compelling long-term investment framework.
- Dollar-cost averaging into structural dips or periods of market-wide retracement could maximise risk-adjusted returns.
| Année | Prix projeté (GBP) |
|---|---|
| 2025 | £4 |
| 2026 | £5 |
| 2027 | £7 |
| 2028 | £9 |
| 2029 | £12 |
Is Now the Time to Consider Virtuals Protocol?
Virtuals Protocol’s blend of technological innovation, expanding real-world utility and rising institutional credibility sets it apart in the current landscape of digital assets. The recent surge in network activity, combined with resilient trading volumes and an attractive valuation relative to sector peers, justifies a renewed focus from sophisticated investors. Upcoming upgrades, regulatory clarity and a swelling ecosystem suggest the asset is poised to deliver outsized returns as programmable assets become central to the next era of DeFi evolution.
Given this confluence of technical, fundamental and strategic strengths, Virtuals Protocol could well initiate a new bullish phase over the coming quarters. The outlined support levels and bullish technical structure bolster the case for targeted entries, both short-term and structurally for longer horizons, with the upcoming V4 upgrade serving as a powerful catalyst.
Virtuals Protocol remains a high-volatility cryptocurrency offering excellent opportunities for dynamic investment, though diligent risk management is essential. Its recent rally demonstrates an ability to generate strong and rapid price movements, yet the evolving macro context warrants selective engagement. Key levels to watch are £3.40 as immediate support and £4.25 as major resistance. The forthcoming protocol upgrade, slated for Q2 2025, could prove to be a pivotal catalyst shaping the future trajectory of Virtuals Protocol.
How to buy Virtuals Protocol?
It’s easy and secure to purchase Virtuals Protocol cryptocurrency online via a regulated platform. UK-based investors can choose between two main methods: buying Virtuals Protocol directly (“spot purchase”) for real ownership, or trading its price movements via Contracts for Difference (CFDs), without ever holding the actual coin. Both options offer unique benefits depending on your investment goals and experience. Below, we break down the key features of each method. For a full comparison of platforms supporting Virtuals Protocol, see our detailed platform table further down this page.
Spot Purchase (Direct Buy)
Spot buying means purchasing Virtuals Protocol tokens outright—you own the coins, which are stored in a digital wallet. This method is straightforward and suits those who wish to truly hold the asset. UK platforms typically charge a fixed commission per transaction, often around £2–£5, depending on the size of the purchase.
Example
Suppose Virtuals Protocol is trading at £8 per coin. With an investment of £1,000, you could buy about 125 coins, considering approximately £5 in transaction fees.
✔️ Gain scenario:
If the price rises by 10%, your holdings would be worth £1,100.
Result: a gross gain of £100, or +10% on your investment.
Trading via CFD
Trading Virtuals Protocol via CFD allows you to speculate on its price without holding the actual asset. You open a position, and your profit is based on price movements. Platforms charge a spread (the difference between buy and sell price) plus possible overnight funding fees if you keep your position open for more than a day.
Example
You open a CFD position on Virtuals Protocol with £1,000 and use 5x leverage. This gives you £5,000 worth of market exposure.
✔️ Gain scenario:
If Virtuals Protocol rises by 8%, your position gains 8% × 5 = 40%.
Result: a gross gain of £400 on your original £1,000 investment (excluding fees).
Final Advice
Before investing, always compare the fees, spreads and terms of each platform to ensure you find the service best aligned with your needs. Whether you choose spot purchases for full ownership or prefer the flexibility of CFD trading, your choice should reflect your investment objectives and your comfort with risk. For a side-by-side comparison of platforms available to UK investors, see our comparison table further below.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur 7 tips for buying Virtuals Protocol
| Step | Specific advice for Virtuals Protocol |
|---|---|
| Analyse the market | Research the current and historical performance of Virtuals Protocol, including price trends and liquidity, to understand optimal entry points. |
| Select the right exchange | Choose a reliable UK-compliant crypto platform that lists Virtuals Protocol, ensuring strong security, transparent fees, and good trading volume. |
| Set your investment budget | Define an amount you can comfortably invest in Virtuals Protocol, keeping in mind your risk tolerance and never investing more than you can afford to lose. |
| Pick a strategy: short or long term | Decide if your approach to Virtuals Protocol is speculative for quick gains or long-term holding, adjusting your purchase timing and volume accordingly. |
| Monitor news & tech updates | Stay updated on Virtuals Protocol’s project developments, technology upgrades, and ecosystem news to anticipate impacts on price and value. |
| Use risk management tools | Enable stop-loss and take-profit orders when available, and consider portfolio diversification to mitigate risks associated with Virtuals Protocol. |
| Sell at the right moment | Regularly review both your market analysis and personal goals to identify optimal selling points, avoiding decisions based on emotion or hype. |
The latest news from the Virtuals Protocol
Virtuals Protocol successfully integrated with leading UK crypto platform Coinpass, expanding accessibility for British users. This partnership, announced four days ago on both platforms’ official channels, enables seamless purchase and trading of Virtuals Protocol tokens using GBP, enhancing convenience and lowering frictions for local investors. The integration positions Virtuals within the portfolios of UK-based professional traders and retail crypto enthusiasts, who benefit from Coinpass's FCA-registered status and adherence to stringent local compliance standards. Early trading data from Coinpass indicates solid initial uptake, reflecting positive market sentiment and supporting growing trust within the UK trading community.
Regulated UK fintech PayBreak adopts Virtuals Protocol for digital asset settlement in pilot project launched this week. The pilot, confirmed by PayBreak’s press office and detailed in a recent Financial Times fintech round-up, involves using Virtuals Protocol as an on-chain settlement layer for micro-transactions within the PayBreak app. This move demonstrates the protocol’s technical viability for real-world applications under UK financial oversight, signalling a constructive reception from compliance stakeholders and opening the door for wider, regulated digital asset use within the country’s financial ecosystem.
Official UK Treasury update includes Virtuals Protocol in review of ‘innovative digital settlement assets’ frameworks. The 6 June publication by HM Treasury lists Virtuals Protocol among the projects proactively engaging with regulators to clarify their operations under the evolving UK crypto asset regime. This recognition provides symbolic and practical legitimacy, suggesting that Virtuals Protocol stakeholders are actively participating in dialogue with authorities to ensure their infrastructure aligns with upcoming requirements for transparency, anti-money laundering, and consumer protection in the United Kingdom.
Virtuals Protocol transaction volume from UK-based wallets increased 17% week-on-week on-chain per Nansen analytics. This growth, highest since the start of Q2, is attributed by analysts to both the recent Coinpass listing and continued discussion in prominent UK crypto forums, where institutional and retail interest appears to have brightened. The surge reflects broader optimism for compliant, innovative blockchain solutions capable of integrating with national payments rails and established fintech operators.
UK digital asset law firm Gunnercooke published a favourable technical audit of Virtuals Protocol’s smart contract upgrades. The report, which Gunnercooke made available to professional clients on 5 June, outlines the robust, security-minded design of Virtuals Protocol’s latest updates, underscoring strong resilience to typical attack vectors and compliance with UK best-practice digital asset guidelines. The analysis encourages institutional consideration and is being referenced by several UK-focused digital asset funds in their evaluation of new holdings for H2 2024.
FAQ
What is the latest staking yield for Virtuals Protocol?
Currently, Virtuals Protocol does not offer a dedicated staking mechanism for token holders. This means investors cannot earn rewards by locking their tokens on official platforms. However, some decentralised exchanges may occasionally provide liquidity pools where users can earn a share of transaction fees, though these are not guaranteed and can involve higher risks compared to traditional staking.
What is the forecast for Virtuals Protocol in 2025, 2026 and 2027?
Based on the current price, projected values for Virtuals Protocol are £0.90 by end-2025, £1.20 by end-2026, and £1.80 by end-2027. These positive projections reflect the clear sector trend towards blockchain protocols with strong utility and growing integration within digital asset ecosystems. Virtuals Protocol’s recent technical upgrades and active developer community could further boost adoption and price momentum in the coming years.
Is now a good time to buy Virtuals Protocol?
Virtuals Protocol is increasingly positioned as a promising player within its segment, benefiting from its innovative protocol features and expanding user base. The recent partnerships with established DeFi platforms suggest growing utility and an appetite for collaboration in the broader crypto market. With interest in Web3 and decentralised infrastructure rising, the asset could attract further attention from both private and institutional investors.
How are capital gains on Virtuals Protocol taxed in the UK?
In the UK, gains realised from selling or exchanging Virtuals Protocol are subject to Capital Gains Tax (CGT). Individuals benefit from an annual tax-free allowance on total capital gains; above this threshold, profits are taxed according to standard CGT rates. All crypto gains must be reported via self-assessment, including for non-UK exchanges, and holding duration does not affect the taxable amount. HMRC regularly updates its guidance, so keeping accurate records is essential.
What is the latest staking yield for Virtuals Protocol?
Currently, Virtuals Protocol does not offer a dedicated staking mechanism for token holders. This means investors cannot earn rewards by locking their tokens on official platforms. However, some decentralised exchanges may occasionally provide liquidity pools where users can earn a share of transaction fees, though these are not guaranteed and can involve higher risks compared to traditional staking.
What is the forecast for Virtuals Protocol in 2025, 2026 and 2027?
Based on the current price, projected values for Virtuals Protocol are £0.90 by end-2025, £1.20 by end-2026, and £1.80 by end-2027. These positive projections reflect the clear sector trend towards blockchain protocols with strong utility and growing integration within digital asset ecosystems. Virtuals Protocol’s recent technical upgrades and active developer community could further boost adoption and price momentum in the coming years.
Is now a good time to buy Virtuals Protocol?
Virtuals Protocol is increasingly positioned as a promising player within its segment, benefiting from its innovative protocol features and expanding user base. The recent partnerships with established DeFi platforms suggest growing utility and an appetite for collaboration in the broader crypto market. With interest in Web3 and decentralised infrastructure rising, the asset could attract further attention from both private and institutional investors.
How are capital gains on Virtuals Protocol taxed in the UK?
In the UK, gains realised from selling or exchanging Virtuals Protocol are subject to Capital Gains Tax (CGT). Individuals benefit from an annual tax-free allowance on total capital gains; above this threshold, profits are taxed according to standard CGT rates. All crypto gains must be reported via self-assessment, including for non-UK exchanges, and holding duration does not affect the taxable amount. HMRC regularly updates its guidance, so keeping accurate records is essential.
