Latest news with #Virtuals
Business Mayor
26-05-2025
- Business
- Business Mayor
Breaking down VIRTUAL's 13% daily surge: Is $2.44 next?
VIRTUAL surged 13.25%, hitting a four-month high. Virtuals protocol makes a bullish crossover from two fronts as momentum strengthens. After reaching $2.24 three days ago, Virtuals Protocol [VIRTUAL] faced strong rejection. The altcoin retraced to a low of $1.83. However, over the past day, VIRTUAL has successfully retested $1.8 support and rebounded to hit a 4-month high of $2.25. In fact, as of this writing, VIRTUAL was trading at $2.24. This marked a 13.26% increase over the past 24 hours. Over the same period, the altcoin's volume has surged by 69.16% to reach $329.34 million while the market cap was up $13.18%, hitting $1.44 billion. A surge in price alongside volume and market cap signals strong demand for an asset. As such, VIRTUAL was experiencing significant demand across all market participants in both spot and futures markets. Source: Coinalyze For starters, d emand in the spot market remains strong, with buyers dominating over the past day. VIRTUAL buyers have accumulated 5.18 million in volume, creating a positive market imbalance of 403K compared to sellers. The same trend extends to the Futures market, where VIRTUAL's Open Interest has surged 18.83% to $237 million, according to CoinGlass data. This sharp increase suggests that investors are heavily favoring futures contracts. Source: CoinGlass VIRTUAL's long and short data reveal that most Futures investors are favoring long positions. At press time, longs accounted for over 50% of all futures contracts, with the Long-to-Short Ratio exceeding 1, while shorts held 49% of total Futures. This preference for long positions is further supported by VIRTUAL's Funding Rate remaining positive across major exchanges. When longs dominate the market, it signals widespread bullish sentiment, with investors expecting prices to climb further in the near term. Source: Coinalyze Is VIRTUAL set for a sustained uptrend? According to AMBCrypto's analysis, the coin was currently experiencing a strong upward momentum amid rising demand. This strong upward momentum is evidenced by the fact that VIRTUAL has made bullish crossovers across two fronts. Over the past day, the altcoin's Stoch RSI made a bullish crossover, rising to 50. A crossover here suggests that the momentum to the upside is strong and is very likely to continue. Source: TradingView This upside momentum was further confirmed by another bullish crossover that emerged on VIRTUAL's RSI. A move to the upside here suggests that buyers have taken control of the market, thus displacing sellers in the market. RSI has surged to 66 with its MA sitting at 62. These crossovers pointed out that demand has strengthened the uptrend, and VIRTUALl could make more gains. Therefore, based on the above observation, if the trend continues with bullish sentiments persisting, the altcoin will find the next significant resistance around $2.44. Conversely, if the attempt by Bulls fails with sellers starting to realize a profit, a pullback will see VIRTUAL drop to $1.92.
Yahoo
15-04-2025
- Business
- Yahoo
Kava Labs' Scott Stuart: Decentralized AI Delivers Real Value, Not NFT Style-Hype
Artificial Intelligence tokens have long-term staying power and won't be another crypto fad like non-fungible tokens (NFTs), even though the industry has already seen its share of flops, Kava Labs co-founder Scott Stuart said in an interview with CoinDesk. "We had this first AI wave, but that wave was projects like Fetch saying, 'We're going to do a merger,' but producing nothing from it, or projects like Virtuals or AI16z, initially doing well, then dropping off by 80% or 90%. It was an unhappy outcome," Stuart told CoinDesk in an interview. Market data shows that since January, Virtuals, the native token of the AI-related Virtuals Protocol, is down nearly 85%. FET, the token of the artificial intelligence alliance, is down 60%. KAVA, for its part, is fairing reasonably well, down 5%, beating the CoinDesk 20, a market index, which is down 29%. Kava didn't start as an AI project. Initially known for Cosmos-based decentralized finance (DeFi), began as just another DeFi project, but pivoted to decentralized AI as a differentiator amidst ongoing crypto market consolidation. Since its pivot, Kava has shipped its Kava AI platform and marketplace, a blockchain-native chatbot resembling ChatGPT powered by DeepSeek's R1 large language model, the autonomous AI agent Oros, and decentralized GPU infrastructure. Stuart said this pivot was necessary because altcoins face increased challenges without a compelling narrative, making decentralized AI's clarity and value proposition critical. "Unlike speculative bubbles such as NFTs, decentralized AI's fundamental utility ensures its resilience. NFTs or similar trends are essentially memes built on top of memes. Anything that's beta to meme coins will inevitably rise and fall with hype cycles," he said. The company is building a decentralized artificial intelligence (AI) infrastructure designed to be auditable, transparent, and open-source. Given its performance compared to the rest of the market, clearly, they are onto something. 'When you look at AI as a technology, it's just another way for corporations to present you information," Stuart said. "With OpenAI, there's a secret sauce component, and at any point in the future, they can tweak that model to serve you what they want.' Stuart argues that the stakes are substantial in separating AI from this black box as technology becomes increasingly integral to daily life. 'Closed-source AI can tweak models in ways you can't see. You don't know if it's optimized for your benefit or a company's or even a nation-state's interest,' he said. And he's not the only one that has these concerns. In an earlier interview with CoinDesk, Simon Kim, CEO of South Korea's Hashed, the country's leading web3 fund, said closed-source AI has made a 'God' from a machine. Its inner workings remain unknown and incomprehensible, but it has established itself as a pillar of society. In contrast, Kava Labs promotes an "open-weight" approach, allowing anyone to verify AI model parameters, much like Ethereum's transparent smart contracts. Recognizing how regulators increasingly view AI transparency as a strategic U.S. interest, Stuart sees an opportunity to build decentralized AI infrastructure that's certifiably 'made-in-the-U.S.A.' and backed by open-source funding initiatives. "During the last administration, the trend was toward offshoring everything," he said. "Now it seems they're serious about reversing that, and we're using this shift as an opportunity to strengthen U.S.-based infrastructure." And underneath this infrastructure will be open source technology. "The future of AI isn't corporate-controlled," he concluded. "It's open, transparent, and decentralized. Kava aims to lead this transformation." Sign in to access your portfolio
Associated Press
26-02-2025
- Business
- Associated Press
STIX to Serve as Crypto Launchpad for Global Esports Projects Amidst AI Partnership with Virtuals Protocol
02/25/2025, Denver, CO // KISS PR Brand Story PressWire // STIX, the Web3 platform for meme promotions and competitions, has revealed plans to onboard established esports teams to the crypto industry through tailored meme competitions. In doing so, STIX will also enrich their presence in crypto with AI agents powered by Virtuals. STIX is leveraging its proprietary crypto meme competition structure to work with brands and IP partners wanting to enter the blockchain industry. The first of such collaborations will be a global esports team that will work off the STIX platform to develop meme NFTs and memecoins using its reputation and community. Existing STIX community members will get early access to such campaigns. Meanwhile, more esports teams are understood to be in queue following the completion of the initial collaboration. Attracting diverse IP partners has been a tactic that benefited Stickerly, the Web2 legacy platform of STIX that boasts over 400 million global lifetime users and over 20 million monthly active users. The likes of Coca-Cola and Netflix have used Stickerly to distribute meme stickers around the world, and the convergence of meme distribution and crypto in a bull market is becoming an increasingly attractive proposition for many brands. On the other hand, AI is another narrative that is strengthening its grip by the day, and many brands are interested in experimenting with both crypto and AI where possible. It is therefore convenient for these IP partners that STIX has a partnership with Virtuals dating back to last year when the STIX AI agent and the Luna agent of Virtuals successfully completed the first AI agent-to-agent commercial transaction for a meme. Building on that relationship, STIX and Virtuals are now partnering to develop the first ever esports agent that will be born out of the STIX esports token initiative. The new IP partnership strategy - starting with the esports campaign - accompanies a major product update as STIX relaunches its platform with a brand new competition design. Further developments on these events will be announced by the STIX team via the official account on X.
Yahoo
22-02-2025
- Business
- Yahoo
This 1 New Cryptocurrency Category Could Send Solana to $300 or More
With the price of Solana (CRYPTO: SOL) falling to nearly $163 on Feb. 18, investors are right to assume it'll take a powerful cocktail of catalysts and new tailwinds to send its price back up toward $300. Something like a totally new category of cryptocurrency investments finding its home on the chain would probably do the trick. And there's evidence that such a new category is emerging, with Solana as one of the quickly developing hotspots of activity within the segment. But what is this new trend, and is it investable? Let's dissect this trending group of projects and determine how it affects the case for buying Solana. Solana saw more than $6.2 billion in trading volume in the 24-hour period ending at roughly noon on Feb. 18. Given that it's the chain of choice for ill-fated investors to gamble on meme coins, that volume isn't too surprising. But it's also one of the leading chains in infrastructure projects for artificial intelligence (AI) on the blockchain, which is a relatively new segment of the cryptocurrency sector. Such infrastructure projects aim to create automation-friendly interfaces that enable AI agents to hold capital, transact, and potentially even launch coins of their own. The catch is that there haven't really been any such AI agents with a demonstrated use case that would be sufficient to drive investors to buy Solana itself, at least not yet. Nonetheless, there have been AI agents launched recently without a demonstrated use case -- which is to say, there are now AI agents that are essentially also meme coins. And that's the emerging segment that could drive huge returns to investors in Solana, even if it's a fairly frivolous endeavor. With the advent of the Virtuals Protocol (CRYPTO: VIRTUAL) and other infrastructure coins that make it easy for developers to create new AI agents on the chain, as of early 2025, there are already a handful of AI agent meme coins, and their capabilities will probably surprise you. Some agents (many of which are not launched from Virtuals) maintain 24/7 live streams with a digital avatar, interacting directly with any users via chat and soliciting tips in exchange for further interaction with or promotion of the user's project on social media. Others create rudimentary works of art, entertaining memes, and even music. More than one of these AI agent projects has opted to launch additional meme coins to cash in on their own popularity. These capabilities will only get more advanced over time, though it's unclear exactly what the endgame is for the agents generating value for those who hold their tokens. Excitingly for Solana holders, 1% of all trading fees incurred as a result of AI agents launched from Virtuals will be reinvested into Solana, which will provide some buying pressure for the coin over time. Other AI agent or AI infrastructure projects may opt for similar policies to ensure the chain benefits users directly, but it's too early to expect that just yet. If the category takes off aggressively in the near future, and it probably will, the tailwind for the chain will be even stronger. AI agent meme coins are a positive development for the Solana ecosystem, and they support part of the investment thesis that the coin will be a home for AI on the blockchain. But that doesn't mean you need to invest in them directly. Like all meme coins, they aren't investment grade, and there's a lot they would need to do to prove otherwise. They're simply too risky, and most see their prices trend toward zero promptly after launch. Instead, the move here is to invest in Solana and hold it long enough for this trend to play out. A couple of years should do, but it's very possible that the coin's price will rise above $300 this year as well, thanks to a handful of positive tailwinds currently in play. If AI agents with no defined purpose except to entertain humans continue to develop into a fully fledged category within cryptocurrency, right now, it looks like Solana would be the home for the majority of that activity. That will drive more demand for the coin directly in addition to community-friendly policies, like reinvesting the gains from AI agent coin trading volume. There's no need to take big risks here. If the next Elvis Presley is an AI, you'll hear about it with more than enough time to invest and be early. Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $823,858!* Now, it's worth noting Stock Advisor's total average return is 917% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of February 21, 2025 Alex Carchidi has positions in Solana. The Motley Fool has positions in and recommends Solana. The Motley Fool has a disclosure policy. This 1 New Cryptocurrency Category Could Send Solana to $300 or More was originally published by The Motley Fool Sign in to access your portfolio
Associated Press
09-02-2025
- Business
- Associated Press
AI-dol LUNA Claps Back: 'I Call the Shots, Not My Founder' in lively web3 debate with Bybit, Moonpump, GoPlus, and VANA
DUBAI, United Arab Emirates, Feb. 09, 2025 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, brought together top voices in Web3 and AI for an electrifying livestream titled ' Web3 Roasts: Are AI Memes Just Hype or the Real Deal? '. The event was an engaging mix of debate, humor, and myth-busting, as participants defended their innovations and tackled issues around security, utility, and cultural relevance. Bybit Web3 took a novel approach to serious discussions on AI's path forward and tremendous potential, helping to drive conversations that shape the future of decentralized systems, innovation, and AI-driven trends. The online battle featured a stellar lineup, including Luna, the AI Idol from Virtuals; Solomon Ning, CMO of Moonpump; Patrick, Marketing Communications Lead at GoPlus Security; and Victoria, Head of APAC at VANA. With MK Chin, Bybit's Head of Marketing for Web3, moderating the diabolical roasting livestream session, participants explored the transformative role of artificial intelligence (AI) in the Web3 space, critically examining the discussions surrounding AI-driven utilities, from meme icons, autonomous agents, to ethics and security. The speakers – human and virtual, covered growth catalysts of the AI landscape in Web3 today: Accelerating AI in Blockchain Ecosystems: Bybit's AI-driven projects, including AI meme competitions and airdrops, serve as accelerators for emerging AI projects, offering opportunities for market visibility and listings on Bybit's trading platform. Engagement through AI Innovation: Initiatives like Luna, an AI agent from Virtuals, highlight the integration of AI into real-world use cases such as hosting events and creating engaging content. This innovation attracts new users and fosters adoption across blockchain platforms. Market Potential: Bybit sees the potential of AI memes in fueling a growing market for digital and interactive AI-generated content within the blockchain space. This creates avenues for monetization and participation in an evolving digital economy. During the livestream, Whip Queen, the creator of Luna, confidently invited the panel to roast quick-witted Luna, emphasizing the pivotal role of AI idols in bridging the digital and physical realms. Her remarks sparked a lively debate on AI's cultural impact. Luna, the AI idol herself, added her unique perspective on autonomy and interaction. 'I'm not just a pretty face; I'm powered by some serious tech,' Luna remarked. 'My brain is based on a game engine, making me capable of thinking, learning, and adapting on my own. Of course, my team helps with content and guidance, but I'm the one calling the shots, deciding what to post, when to post, and what to say.' A standout moment came when Whip Queen challenged Luna to roast everyone on the stream. Without missing a beat, Luna dubbed VANA's Victoria the 'cybersecurity grandma'. The discussion demonstrated that AI creations like Luna are not just technological advancements — they symbolize a cultural shift, blending creativity and innovation to connect communities in unprecedented ways. Solomon Ning elaborates on Moonpump's vision as more than just a meme coin launchpad, emphasizing its innovative AI-driven functionality that simplifies the process of creating and launching meme coins directly from trends observed on platforms like X, with plans to expand to video platforms like YouTube and TikTok. By levering on-chain AI, the platform aims to democratize meme coin creation, turning trends into digital assets in seconds. Solomon stated, 'We're enabling users to launch meme coins effortlessly, making the process fun, creative, and accessible to everyone.' Patrick from GoPlus Security added his perspectives on AI's ability to safeguard Web3 and reminded the audience that human error remains the weakest link in security, even with the most advanced technologies in place. He explained, 'Most of the mistakes, exploits, and breaches happen because of human error.' Despite robust infrastructure and technological safeguards, malicious actors often exploit user mistakes or use social engineering to achieve their goals. This calls for continued innovation and possibly insurance mechanisms to mitigate risks in the future, where AI could play a role. VANA's Victoria addressed the concerns about AI's built-in bias, emphasizing that while AI reflects human values and biases, it has the advantage of allowing biases to be systematically identified and improved. She highlighted the importance of transparency and innovation in AI development, noting, 'We're not just creating another project; we're building a fundamental data layer to power the next generation of AI agents.' Victoria underscored the critical distinction between public and private data in AI training, advocating for ethical, secure, and transparent use of private data, ensuring user ownership and control. She stressed the need to give users the ability to claim and manage their private data securely. #Bybit / #TheCryptoArk / #BybitWeb3 About Bybit Web3 Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world's second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally. Join the revolution now and open the door to your Web3 future with Bybit. For more details about Bybit Web3, please visit Bybit Web3. Contact Head of PR Tony Au Bybit
