Donald Trump's Stargate AI announcement boosts VIRTUAL price | Credit: Hameem Sarwar
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Key Takeaways
VIRTUAL price rebounds 15% following key disclosure around AI infrastructure development.
Active and new addresses on the Virtual Protocols network skyrocket, indicating bullish bias.
VIRTUAL sees rising buying pressure, indicating that the price could reclaim $4 in the near term.
AI-themed cryptocurrencies seem to be gaining a lot of mindshare today. But it does not just end there as the prices of several ones have also climbed by significant figures.
Virtuals Protocol (VIRTUAL), is one of these tokens that has experienced a significant price upswing, driven by rising interest in AI infrastructure-based projects.
Interestingly, the price increase coincides with a key Donald Trump announcement involving the AI sector. Here is how the development could affect VIRTUAL’s price in the long run.
On Monday, Jan 20. VIRTUAL price was $2.55 after it had dropped from the all-time high it reached in the first week of the month. But today, the price is up by 15% following Donald Trump’s announcement of the $500 billion Stargate AI project.
According to the U.S. President, the initiative, which will focus on accelerating AI infrastructure in the country and globally, would involve firms like Sam Altman-led OpenAI, which it confirmed.
The President also disclosed that the project will involve other companies including Softbank and Oracle.
“Immediately, Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI and create over 100,000 American jobs,” Trump said in a meeting that included the CEOs of all three firms.
Following the development, VIRTUAL’s price surged to $2.94, reflecting a positive market response to the announcement.
In addition to the price increase, on-chain data reveals a rise in both active and new addresses on the Virtuals Protocol network. Active addresses represent the number of unique wallets engaging in transactions, indicating heightened activity on the network.
New addresses, on the other hand, measure the number of unique wallets completing their first transactions.
VIRTUAL New and Active Addresses | Credit: IntoTheBlock
The rise in these metrics suggests growing interest around VIRTUAL and improved traction on the network. Should the network activity continue to climb, then VIRTUAL’s price might continue trending upwards, tightening the recent decline in the process.
VIRTUAL Price Prediction: $4 Return Feasible
From a technical perspective, the Chaikin Money Flow (CMF) on the daily chart has continued to hit new peaks. This was after the indicator’s reading lingered in the negative region up until the Trump announcement on Tuesday.
The CMF measures the flow of money into or out of a cryptocurrency. When the reading drops, it indicates a period of distribution or selling pressure.
But since it increased, it indicates that VIRTUAL is experiencing a rise in accumulation, with participants taking advantage to buy the dip. Should the buying pressure continues, then VIRTUAL’s price might rebound to the 0.618 Fibonacci level at $4.03.
In a highly bullish situation, the value could rise above the $5 mark. On the contrary, if the CMF reading drops and VIRTUAL slips below the 0.236 Fib level, it could face correction toward $2.22.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
