Virtual Protocol Soars: Will Rally Continue or Face a Pullback?

Virtual Protocol (VIRTUAL) has emerged as a top performer this April, experiencing gains of nearly 195% in just one month and over 150% for the week. The protocol’s market cap has also surged by 156.29%, surpassing $1 billion by the end of April, making it a standout performer in the crypto world. However, recent data reveals mixed signals about the cryptocurrency’s future trajectory. Daily active wallets on the Base Network have dropped significantly (84.9%), while Solana’s activity has also declined. While prices remain strong, this suggests that market participation may be waning despite price gains.