Solana News: VIRTUAL Token Faces Bearish Outlook with Target Price of $0.50

The cryptocurrency market is always volatile, and recent developments have cast a shadow over Virtuals Protocol (VIRTUAL) token. Here’s a detailed summary of what’s happening:

VIRTUAL Faces Bearish Pressure, $0.50 Target Suggested

Virtuals Protocol (VIRTUAL) has seen its token price slide, with analysts forecasting a potential drop to $0.50. Despite expanding into the Solana ecosystem, VIRTUAL is facing significant challenges, including revenue and active user declines. The token’s price has dipped to $0.8775, marking a 20.6% decline over the last 24 hours, with a 16.43% drop in trading volume. VIRTUAL has fallen below a critical support level of $0.95.

Foundation Capital Raises $600M for Eleventh Fund, Backed Early Solana

Foundation Capital, an early investor in Solana and AI chip maker Cerebras, has successfully raised $600 million for its eleventh flagship fund. This fund is 20% larger than its predecessor, which closed with $500 million approximately three years ago. The focus of Foundation Capital remains on early-stage investing, with 80% of its investments occurring before the companies generate any revenue. Notably, Cerebras, which Foundation Capital first invested in when the AI chip market was nascent, is now valued at $4.25 billion and plans an IPO in the future. Solana, another notable investment, has continued to grow in the cryptocurrency space.

Solana Price Prediction: Can SOL’s Speed Outpace Its Biggest Competitor?

Solana has made a name for itself with its lightning-fast transactions, catching investors’ attention. However, a new player, Dawgz AI, is also generating buzz due to its smooth staking process and active trade bots. While Solana’s speed and scalability are significant factors driving its price prediction for 2025, other elements could also influence its future value.

12,000 Solana Traders Flocking to IntelMarkets Before Major Exchange Listings

Despite the broader bullish crypto market movements, the Solana price struggles to gain momentum due to uncertainty around the SOL ETF approval. Amid these chaotic conditions, IntelMarkets is gaining traction with its explosive presale performance of over $11.2M and revolutionary AI-driven approach to trading. With these achievements, 12,000 Solana traders are reportedly flocking toward this platform before its major exchange listings.