Virtuals Protocol's Revenue Crash: From $500K to Less Than $500 a Day!

Daily Earnings Plummet as VIRTUAL Token Nears Oversold Territory

Hold onto your hats, crypto fans! Virtuals Protocol's daily revenue has nosedived to a shocking low of under $500 per day, while the VIRTUAL token teeters on the brink of being oversold. This is no small dip; we're talking a financial freefall!

Get this: Blockworks Research spilled the beans that Virtuals Protocol (VIRTUAL) has been scraping by with less than $500 a day from launch and swap fees since late March and into early April. Can you believe it?

Back in early January, Virtuals Protocol was riding high, raking in between $200K and $350K daily from those same fees. But that party didn't last long. By mid-January, the cash flow started to tank, dropping below $100K a day by month's end. Fast forward to late February, and it was down to less than $10K a day. And now? In the last days of March through early April, they're barely making $500 a day. To put that into perspective, on Jan. 2, when VIRTUAL hit its all-time high of $5.07, they were pulling in over $500K daily. That's a jaw-dropping 99% drop from their peak to early April!

And the VIRTUAL token? It's trading at a measly $0.45, down a whopping 91% from its all-time high. After hitting that peak, VIRTUAL went into a nosedive, falling below key moving averages and settling around $0.45 by early April. Things got even worse when the 20-day Exponential Moving Average crossed below the 50-day Simple Moving Average, cementing the bearish trend.

The momentum indicators are screaming "downtrend" too. The MACD line is still below the signal line, and even though the histogram's starting to flatten out, it's still stuck in negative territory. The Relative Strength Index is sitting at 31.06, just a hair above the oversold threshold of 30.

But hey, it's not all doom and gloom. Virtuals Protocol is still holding its own in the AI agent sector, ranking as the sixth most-discussed project by mindshare with a 2.19% share, according to cookie.fun data. So, while the numbers are down, the buzz is still there!