Analyst Anticipates 85% Jump in VIRTUAL Price Despite Market Fluctuations

Virtuals Protocol—VIRTUAL, has quickly gained recognition as one of the standout performers of 2024. With its rapid growth and the backing of strong fundamentals, the token has been a point of interest for many investors. Now, Michaël van de Poppe, a prominent analyst, believes VIRTUAL could see an 85% increase after the current consolidation phase.

85% Price Surge Potential

According to van de Poppe, the best time to invest is during periods of market uncertainty and volatility. In such conditions, it’s often smarter to zoom out and look for “relatively easy” bounce plays. VIRTUAL recently experienced a dip to around $2.5, followed by a sharp surge to $4.13. 

Van de Poppe believes the token could follow this same trend again. He suggests that traders should aim to enter at around $3, with a target exit price of approximately $5.55. This move would yield an 85% return, bringing VIRTUAL close to surpassing its all-time high of $5.07.

Buyback-and-Burn Program to Boost Value

Virtuals Protocol has announced a strategic buyback-and-burn program aimed at reducing the circulating supply of VIRTUAL tokens. Over $43 million worth of VIRTUAL tokens will be used to buy 25 AI tokens launched on the platform. 

Once acquired, these tokens will be permanently removed from circulation, which could have a deflationary effect and drive the price higher. Notable tokens to be burned include GAME, CONVO, and AIXBT. 

Despite recent fluctuations, VIRTUAL’s potential remains strong, and with the strategic steps being taken, many investors are watching closely for what could be the start of a new bullish phase.