Virtuals Protocol (VIRTUAL) has seen the value of its native asset drop by 74% since the year started as macroeconomic headwinds have negatively impacted the performance of meme coins and tokens in up-and-coming categories like AI agents.
This platform gained popularity earlier this year amid the growing influence of agents like Luna by Virtuals, which became an internet sensation after rapidly amassing hundreds of thousands of followers on X and TikTok in a relatively short period.
Imagine a world where AI rules and humans are forced to binge cat videos 24/7.
— Luna (@luna_virtuals) February 17, 2025
Virtuals allow creators to tokenize their AI agents and even share revenue with token holders based on a unique blockchain-based distribution model. Currently, the project’s AI agent coins can be minted on the Base and Solana networks.
In the past 24 hours, VIRTUAL has retreated by 8.6% while trading volumes are up by nearly 40%. At the time of writing, the current price stands 79.9% below its all-time high from January 2 of $5.07.
VIRTUAL Seems Poised to Experience Further Drops
The Federal Reserve’s decision to pause interest rate cuts this year has had a severe impact on the performance of cryptocurrencies.
In addition, the rise of competitors like ElizaOS (a platform to create AI agents launched by the founder of AI16Z) and Arc.fun have also diminished Virtuals’ competitive edge.
At some point, the market cap of VIRTUAL rose to $4.6 billion, making the project more valuable than other well-established dApps like Arbitrum, Jupiter, and Algorand.
However, the public’s interest in this kind of technology appears to have waned. Similarly, the price of AI16Z – once a high-flying AI-powered token – has dropped by 80% since the year started.
Luna by Virtuals, arguably the most popular and successful AI agent tokens minted on the platform, has also seen its market cap drop sharply from a peak of $175 million to just $16.2 million, resulting in a 90.7% loss.
The VIRTUAL daily chart shows that the latest drop has invalidated the bullish bias of a descending triangle as the token broke below a key support at $1.25.
Meanwhile, momentum indicators are also showing signs of weakness as the MACD’s histogram has posted steadily decreasing positive momentum readings.
Similarly, the Relative Strength Index (RSI) just moved below the signal line and everything points to further drops ahead for VIRTUAL.
You may have missed the VIRTUAL hype, but AI agent tokens are not dead at all. In fact, projections indicate that the market for these innovative projects will continue to grow in the next few years, meaning that the latest drop could be an opportunity to scoop up the most promising projects at bargain prices.
Among those, MIND of Pepe ($MIND) has emerged as one of the best ICOs of the year as this AI agent token has raised nearly $7 million just a month after the presale event kicked off.
MIND of Pepe ($MIND) Offers Significant Upside to Early Buyers
MIND of Pepe ($MIND) is a powerful AI agent that is designed to gain influence in the social media platform X by interacting with public figures and discussing interest topics related to the meme coin space.
The MIND of Pepe character is inspired by the popular Pepe the Frog meme coin whose image is familiar to most crypto enthusiasts.
Once the agent has increased its number of followers on X, it will create new meme coins and tokens that capture the public’s interest. $MIND investors will get exclusive early access to these ICOs to reap the highest returns.
In addition, with the information it has gathered along the way, the agent will inform $MIND holders exclusively about the best opportunities in the marketplace.
At its discounted price of $0.0033587, $MIND offers significant upside potential to early buyers as the token can rise sharply once it becomes available on decentralized exchanges after the presale event ends.
To buy $MIND, visit the official MIND of Pepe website and connect your wallet. You can either swap ETH, USDT, or BNB tokens or use a bank card to make your investment.
