bullish for the price of SOL

Virtuals Protocol, a well-known AI agents platform, recently announced its debut on the Solana network, while simultaneously establishing a new strategic reserve in SOL.

This move could significantly contribute to bringing new users to Virtuals, positively impacting the price of SOL and reducing the supply on the market.

Let’s see all the details below.

Virtuals Protocol expands towards the Solana ecosystem and becomes multi chain thanks to Layer Zero

In a post on January 25, Virtuals Protocol revealed its plan for expansion towards the Solana blockchain, renowned for the launch of memecoin and AI agents.

Thus the protocol, already present on the Ethereum layer-2 network Base, expands its participation in the cryptographic world.

Several analysts argue that this integration will have a greater impact than “most people believe”.

From now on, the builders can freely choose whether to launch their AI agents and their respective tokens on the Base or Solana networks, thanks to the partnership with Layer Zero.

In doing so, a pool of liquidity is implicitly created on Uniswap or Meteora, depending on the destination blockchain.

The Virtuals team specified that by the first week of February, the platform operating on Solana should go live, with the parallel launch of the VIRTUAL/SOL pool.

In the meantime, the AGENT/VIRTUAL pair will remain unchanged, ensuring platform users a smooth transition to the new ecosystem.

Users who have already launched a token on Base with locked liquidity will be able to decide to use 50% of cbbtc in their agent wallets as a source of liquidity to create additional pools on the SOL chain.

Being present on both the Solana chain and the Base chain could help attract new developers and users, increasing scalability and reducing waiting times.

On the horizon, there is also the possibility that the function of “chain abstraction swap” will be implemented, which would allow swapping SOL for agents on Base and ETH for agents on Solana.

Regarding the expansion of Virtuals Protocol, Sam Steffanina, founder of WolvesDAO, commented in a post, recalling how the multi-chain essence is the future.

Virtuals defines a strategic reserve of SOL tokens and promotes innovation on Solana

In addition to giving its users the opportunity to launch liquidity pools on Solana, Virtuals Protocol has decided that it will commit to creating a strategic reserve of SOL.

In particular, the platform will dedicate 1% of the trading fees for the purchase and accumulation of SOL tokens.

The coins in question will be used to provide rewards to both contributors and creators, creating a significant incentive to work on their own ecosystem.

This strategic approach could help increase the demand for SOL, positively influencing its price in the long term.

In fact, by allocating a strategic reserve, the number of tokens potentially dumpable on the market is limited, thus reducing the sellable supply of SOL.

Furthermore, there could be positive effects also on the VIRTUAL currency, which would see new opportunities for trading and improvement of exchange liquidity.

Not to mention the fact that this expansion will likely make Virtuals more appealing in the eyes of external investors, who will see the landing on Solana as a sign of success and growth.

In line with its mission to promote innovation, Virtuals has also announced the launch of a Venture Partner Model. This program includes grants totaling 42,000 VIRTUAL tokens to support early-stage projects on Base and Solana.
The incentives are aimed at developers who are interested in expanding their concepts into scalable solutions on the Base and Solana chain.

All these changes follow Virtual’s recent relaunch of its bug bounty program, after an unexpected flaw was found in a smart contract that had been audited.

Positive forecasts on the price of Solana (SOL) after the announcement of Virtual Protocol

As mentioned, the expansion of Virtuals on Solana could have a positive impact on the price of the crypto SOL, increasing the demand in the market.

Currently, the currency is at 225 dollars, just above the 50-period exponential moving average on the daily time frame.

The prices of SOL have dropped by about 12% in the last 24 hours, accompanying the general market dump.

From now to the next few days, it will be crucial for the crypto of the Solana ecosystem to maintain the chart support of 200 dollars, preventing further incursions by the bear.

At the same time, to aim for new all-time highs in the short term, it will be essential to observe a rebound at least above 250 dollars.

The role of Virtual will be crucial in bringing new users to the network and creating a new stimulus for the bull and bear speculation of the crypto asset.

In a context like this, it seems, however, difficult for SOL to break the target of 300 dollars in a short time, considering also the on-chain indicators.

As highlights indeed “@Dynamo_Patrick”, it is possible that the launch of the Trump memecoin on the Solana blockchain was a local top signal for the price of SOL.

Usually, the moments when ATH are recorded in the revenue of the network’s dapps also correspond to a price peak in the underlying cryptocurrency.

Even if new price highs might not be so close, there remains the possibility that SOL could move towards a bull recovery.

As observes the trade “@YDCrypto” on the 4h chart the coin could easily reverse its course and recover the ground lost in recent days.

Within a few weeks, SOL would be ready for a new breakout of the highs, which would place the asset above 125 billion dollars in capitalization. Despite the current weakness, investors remain bullish on the price of SOL, with highly optimistic forecasts.

In particular, there is talk of a value exceeding 500 dollars by the end of the year, with a small minority even aiming for 1,000 dollars per single token.