VIRTUAL leads AI rally with 83% weekly surge: You should buy now, IF…
AI tokens have been on the rise in the past 24 hours, with the industry becoming the most dominant sector.
- AI tokens are taking center stage in terms of prices and volume, with VIRTUAL taking the lead.
- Trading volume among the top 10 AI tokens in the market ranged between $680 million and $900 million, showing market strength.
There has been a notable rise in artificial intelligence (AI) tokens as the broader crypto market has also climbed.
According to CoinMarketCap, the AI segment has seen a major drive to the upside, with overall token prices up 12.2% and trading volume surging by 44%.
AI takes an aggressive approach to dominating the crypto space
There’s been a surge in the AI sector compared to other segments of the market.
Data from Artemis reveals that the AI sector has grown 17.4% over the past month, making it the second most dominant sector behind DePin and the Bitcoin ecosystem.
This one-month data shows that adoption has begun to catch the attention of investors.
Correspondingly, data from Coinglass shows that the top 10 AI agent tokens had volumes ranging between $680 million and $900 million, with Virtual [VIRTUAL] dominating the list.
A rise in both volume and price suggests that momentum in the market is building, and the AI sector could continue driving the shift. Furthermore, a close look at the current Funding Rates shows positive readings for the top 10 AI-agent tokens.
When Funding Rates stay positive, it implies that derivative traders are opening more long positions.
Overall, it suggests that long traders are paying a premium fee to short traders to avoid large price disparities in the market.
VIRTUAL leads the rally race
VIRTUAL has seen cumulative growth of 83% over the past week, with a 16.58% rise in the past 24 hours. On the chart, there’s a possibility that VIRTUAL could see a further price jump in the coming trading sessions.
Targets show that if VIRTUAL crosses the $1.11 resistance level, another 362% rally toward $5.14 could be within reach. The reason for this jump comes after VIRTUAL breached a bullish descending resistance path, typically a rally precursor.
