🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
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This Altcoin on the Base Network 3x in 30 Days: Smart Money is Flooding In! - Coin Bulletin
The cryptocurrency VIRTUAL of the Virtuals Protocol, which is based on the base blockchain, has gained 207% in value over the last 30 days, surpassing all major cryptocurrencies including Bitcoin.
Kripto para market capitalization ranking, the VIRTUAL token, which is among the top 100, is drawing attention with an impressive performance. According to its data, the native token VIRTUAL of Virtuals Protocol, which is a platform for creating and owning artificial intelligence agents on the Base blockchain network, has gained 207% in value in the last month, reaching 1.66 dollars. During the same period, the market leader Bitcoin (BTC) only showed a 13% increase.
Data tracked by Nansen shows that the rise of the VIRTUAL token is driven by the increasing participation of institutional investors, funds, and influential whale wallets, defined as "smart money." In the last 30 days, VIRTUAL attracted an influx of smart money worth 14.2 million dollars, and just in the past week, it drew in 8.56 million dollars. According to Nansen data, it is the token with the highest trading activity from smart money.
Behind the impressive rise of the VIRTUAL token is the hype generated by the Genesis launchpad platform that was introduced two weeks ago. Designed to reward real contributors, not just speculators, this new system uses a scoring system called "proof-of-contribution" (proof of contribution).
Participants on the platform earn Virgen points through activities such as staking or supporting artificial intelligence projects. According to information shared by Bankless on platform X, "Since the launch, most tokens released through this platform have doubled in value or increased even more, which has boosted the demand for Virgen Points and indicated that there is still room for creativity in token design."
Other important features of the new system include contribution-based allocations, automatic refunds in case of unmet goals, and transparent vesting schedules. According to Bankless, Genesis "brings a breath of fresh air to Virtuals while also providing a new mechanism for designing token launches."