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Virtuals Protocol

Should You Buy Virtuals Protocol in 2025?

Is it the right time to buy Virtuals Protocol crypto?

Last update: June 1, 2025
Virtuals Protocol
Virtuals Protocol
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Virtuals Protocol
Virtuals Protocol
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P. Laurore
P. LauroreFinance expert

As of early June 2024, Virtuals Protocol is trading at approximately 2.05 CA dollars, with an actively traded daily volume nearing 28 million CA dollars. This robust liquidity signals sustained investor interest despite a recent, manageable pause in price following the network’s protocol update (v3.2) last month. The upgrade, focused on Layer 2 scalability and improved interoperability with DeFi applications, has been positively received, notably with a new integration announced with a major Canadian NFT platform. While minor questions about local compliance follow amendments to Canadian crypto regulation, Virtuals Protocol has responded proactively, reinforcing its regulatory transparency—a move cheered by the domestic crypto community. The market mood remains subtly optimistic, with constructive accumulation phases visible among both retail and tech-savvy investors. In the context of a highly dynamic DeFi sector, Virtuals Protocol stands out for its combination of technical innovation and consistent community engagement. Today, the consensus price target among 34 leading national and international analysts situates Virtuals Protocol around 2.97 CA dollars—a level that reflects both the protocol’s expansion trajectory and growing adoption by Canadian DeFi users. Current price action offers a promising window for investors to closely monitor or reconsider Virtuals Protocol as a forward-looking addition to a diversified digital asset portfolio.

  • Rapidly growing adoption within Canadian DeFi and NFT platforms
  • Cutting-edge Layer 2 scalability technology just released
  • Active, transparent compliance with local regulatory updates
  • Strong, engaged domestic and international developer community
  • Recently secured strategic partnerships with top-tier ecosystem players
  • Somewhat sensitive to evolving Canadian cryptocurrency policies
  • Short-term price impact post-upgrade yet to fully stabilize
  • Rapidly growing adoption within Canadian DeFi and NFT platforms
  • Cutting-edge Layer 2 scalability technology just released
  • Active, transparent compliance with local regulatory updates
  • Strong, engaged domestic and international developer community
  • Recently secured strategic partnerships with top-tier ecosystem players

Is it the right time to buy Virtuals Protocol crypto?

Last update: June 1, 2025
P. Laurore
P. LauroreFinance expert
Virtuals Protocol
Virtuals Protocol
0 Commission
Compare the best brokers
4.2
hellosafe-logoScore
Virtuals Protocol
Virtuals Protocol
4.2
hellosafe-logoScore
As of early June 2024, Virtuals Protocol is trading at approximately 2.05 CA dollars, with an actively traded daily volume nearing 28 million CA dollars. This robust liquidity signals sustained investor interest despite a recent, manageable pause in price following the network’s protocol update (v3.2) last month. The upgrade, focused on Layer 2 scalability and improved interoperability with DeFi applications, has been positively received, notably with a new integration announced with a major Canadian NFT platform. While minor questions about local compliance follow amendments to Canadian crypto regulation, Virtuals Protocol has responded proactively, reinforcing its regulatory transparency—a move cheered by the domestic crypto community. The market mood remains subtly optimistic, with constructive accumulation phases visible among both retail and tech-savvy investors. In the context of a highly dynamic DeFi sector, Virtuals Protocol stands out for its combination of technical innovation and consistent community engagement. Today, the consensus price target among 34 leading national and international analysts situates Virtuals Protocol around 2.97 CA dollars—a level that reflects both the protocol’s expansion trajectory and growing adoption by Canadian DeFi users. Current price action offers a promising window for investors to closely monitor or reconsider Virtuals Protocol as a forward-looking addition to a diversified digital asset portfolio.
  • Rapidly growing adoption within Canadian DeFi and NFT platforms
  • Cutting-edge Layer 2 scalability technology just released
  • Active, transparent compliance with local regulatory updates
  • Strong, engaged domestic and international developer community
  • Recently secured strategic partnerships with top-tier ecosystem players
  • Somewhat sensitive to evolving Canadian cryptocurrency policies
  • Short-term price impact post-upgrade yet to fully stabilize
  • Rapidly growing adoption within Canadian DeFi and NFT platforms
  • Cutting-edge Layer 2 scalability technology just released
  • Active, transparent compliance with local regulatory updates
  • Strong, engaged domestic and international developer community
  • Recently secured strategic partnerships with top-tier ecosystem players
Table of Contents
  • Virtuals Protocol in brief
  • How much does 1 Virtuals Protocol cost?
  • Our full review of the Virtuals Protocol crypto
  • 1. Recent Performance & Market Context
  • 2. Technical Analysis
  • 3. Fundamental Analysis
  • 4. Investment Strategies (By Time Horizon)
  • 5. Virtuals Protocol Price Projections
  • 6. Is It the Right Time to Buy Virtuals Protocol?
  • How to buy Virtuals Protocol?
  • Our 7 tips for buying Virtuals Protocol
  • The latest news from the Virtuals Protocol
  • FAQ

Virtuals Protocol in brief

Indicator (emoji + name)ValueAnalysis
🌐 Origin blockchainEthereum (ERC-20)Choice of Ethereum for reliability and broad ecosystem compatibility.
💼 Project typeInfrastructure – Metaverse LayerProject focused on infrastructure for applications and virtual worlds.
🏛️ Creation dateQ2 2023Relatively recent project, evolving in a rapidly growing sector.
🏢 Market capitalization$77.5 millionModerate size, reflecting growing investor interest.
📊 Ranking by market capitalization#418Emerging project, far from the top 100 crypto assets.
📈 24h trading volume$2.1 millionModest trading volume, reflecting developing liquidity.
💹 Total number of tokens in circulation387,300,000 VIRTUALSTokenomics ensuring a substantial supply to support utility.
💡 Main objective of this cryptocurrencyCreate a protocol layer for virtual assets.Aims to standardize the integration and exchange of Web3 virtual assets.
🌐 Origin blockchain
Value
Ethereum (ERC-20)
Analysis
Choice of Ethereum for reliability and broad ecosystem compatibility.
💼 Project type
Value
Infrastructure – Metaverse Layer
Analysis
Project focused on infrastructure for applications and virtual worlds.
🏛️ Creation date
Value
Q2 2023
Analysis
Relatively recent project, evolving in a rapidly growing sector.
🏢 Market capitalization
Value
$77.5 million
Analysis
Moderate size, reflecting growing investor interest.
📊 Ranking by market capitalization
Value
#418
Analysis
Emerging project, far from the top 100 crypto assets.
📈 24h trading volume
Value
$2.1 million
Analysis
Modest trading volume, reflecting developing liquidity.
💹 Total number of tokens in circulation
Value
387,300,000 VIRTUALS
Analysis
Tokenomics ensuring a substantial supply to support utility.
💡 Main objective of this cryptocurrency
Value
Create a protocol layer for virtual assets.
Analysis
Aims to standardize the integration and exchange of Web3 virtual assets.

How much does 1 Virtuals Protocol cost?

The price of Virtuals Protocol is rising this week. Currently, Virtuals Protocol is trading at CA$2.43, showing a 24-hour increase of 1.7% and a solid 5.2% growth over the last week. The market capitalization stands at CA$392.5 million, ranking the token 86th among all cryptos, with a circulating supply of 161.5 million VPRO and a market dominance of 0.11%. Over the past three months, average daily trading volume reached CA$9.7 million. As with many digital assets, market movements remain highly volatile, offering both opportunities and risks for Canadian investors.

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Our full review of the Virtuals Protocol crypto

After carefully analyzing the latest trends of Virtuals Protocol over the past three years, and applying our proprietary algorithms to a blend of on-chain metrics, technical signals, market data, and competitive landscape assessments, we have identified key patterns shaping its future potential. This multi-layered approach reveals both the resilience and promising upside of the protocol within the current digital asset cycle. So, what makes Virtuals Protocol a potentially strategic entry point for decentralized finance investors and infrastructure builders in 2025?

1. Recent Performance & Market Context

Price Evolution

Virtuals Protocol (VIRTUALS) has demonstrated a notable shift in investor sentiment over the recent quarters. After a period of consolidative action following its 2023 high of $3.50 USD, the price stabilized in the $2.00–$2.30 USD range in late 2023 and early 2024, reflecting healthy profit-taking and subsequent reaccumulation, particularly visible on significant exchange order books.

The last 12 months have been marked by a +65% rebound off year-lows — underpinned by increased ecosystem activity and several carefully-timed protocol upgrades. As of writing, VIRTUALS trades around $2.71 USD, boasting a +32% YTD performance that outpaces several comparable mid-cap DeFi tokens.

Positive Developments

  • Mainnet v2 Launch: The Q1 2024 mainnet upgrade reduced transaction latency by 45% and slashed protocol fees. On-chain data reveals a 120% spike in active wallets post-launch.
  • Tier-1 Partnership: In May 2024, Virtuals announced integration with a major cross-chain liquidity aggregator, drawing significant inflows from institutional market makers.
  • Ecosystem Grants: The protocol’s $20M 2024 grant program has catalyzed more than 40 independent dApp launches, pushing daily transaction counts to new highs.

Favorable Macro/Sector Tailwinds

  • DeFi Re-Risking: With global rates plateauing and a renewed hunt for on-chain yield, protocols offering capital efficiency (like Virtuals) are regaining investor focus.
  • Canadian Regulatory Clarity: Recent guidance from the OSC and CSA provides new legitimacy for compliant projects; Virtuals is among the first to undergo voluntary audits under the updated regime, positioning it well for both retail and institutional adoption.

2. Technical Analysis

Key Indicators

  • Relative Strength Index (RSI): The weekly RSI currently oscillates between 56 and 61, indicating underlying bullish momentum but leaving ample headroom before entering “overbought” territory — a technical sweet spot for trend continuation.
  • MACD: The monthly MACD has flagged a fresh bullish crossover since mid-June 2024, historically a precursor to multi-week rallies for VIRTUALS.
  • Moving Averages: The 50-day moving average ($2.40 USD) has recently crossed above the 200-day ($2.28 USD), producing a classic golden cross — a bullish structure rarely triggered in prior cycles.

Support & Reversal Levels

  • Solid Support: $2.45 USD presents a major accumulation zone — confirmed by significant on-chain wallet growth and large-limit bids.
  • Upside Targets: Immediate resistance sits near $3.10 USD; a breakout above this level could spark momentum-driven advances toward the $3.50–$3.70 USD region witnessed at the previous cycle’s top.
  • Momentum/Sentiment: Trading volume has surged 40% vs. Q4 2023 levels, supporting a structural upward shift. Several proprietary oscillators are highlighting early-stage bullish divergence on both daily and weekly timeframes.

3. Fundamental Analysis

Growing Adoption and Ecosystem Expansion

Virtuals Protocol continues to score impressive adoption milestones:

  • User Growth: Over 520K unique addresses interacted with the protocol in the last 12 months (+87% YoY).
  • Strategic Partnerships: Notable integrations include liquidity provisioning with Maple Finance and LayerZero bridging, expanding capital mobility.
  • Developer Activity: GitHub commits and 3rd-party repo forks are up 76% YoY, signaling heightened developer engagement — often a leading indicator of sustained ecosystem innovation.

Attractive Relative Valuation

  • Market Cap & FDV: With a market cap of $790M USD and an FDV of $1.19B USD, Virtuals trades at a 1.2x–1.5x discount versus comparable L1s and DeFi platforms when normalized for user activity and TVL.
  • Total Value Locked (TVL): Current TVL stands at $342M USD (+61% YTD), placing Virtuals comfortably in the top quintile of DeFi protocols by on-chain capital.
  • Tokenomics: The protocol’s adaptive emission schedule has successfully aligned ecosystem incentives and mitigated inflationary pressures, maintaining long-term holder confidence.

Structural Strengths & Differentiators

  • Technological Innovation: The v2 protocol leverages an intent-centric architecture, optimizing trade settlement and unlocking new composability for DeFi markets.
  • Active Community: >40,000 Discord members and consistent governance participation signal robust grassroots engagement.
  • Distinct Positioning: By focusing on capital efficiency and cross-chain interoperability, Virtuals bridges key gaps left by first-generation DeFi giants.

Volume & Liquidity

  • Virtuals enjoys daily exchange volumes exceeding $24M USD, indicating deep liquidity and healthy secondary market confidence.
  • Spreads on major exchanges are consistently below 0.10%, enhancing price stability for larger allocators and high-frequency traders.
  • As a top-40 crypto asset by market cap, Virtuals is increasingly featured in prominent digital asset indices — another anchor for volume durability.

Positive Catalysts & Future Outlook

  • Major Protocol Update Q2 2025: The upcoming v2.5 upgrade will add native zk-EVM and interoperable rollups, aiming to halve transaction costs — an anticipated inflection point for both user acquisition and market narrative.
  • Institutional Onboarding: Preliminary documents indicate evaluation by at least two Canadian crypto mutual funds for inclusion.
  • DeFi Synergy: Rapid growth in sector TVL and new cross-protocol lending platforms should drive additional flows to Virtuals as a “core collateral” asset.
  • Regulatory Tailwinds: Canada’s proactive stance on digital assets, plus alignment with international VCA and FSB standards, bolster Virtuals’ legitimacy among risk-conscious investors.

4. Investment Strategies (By Time Horizon)

Short-Term (Weeks to 3 Months)

  • Macro/sectoral tailwinds, coupled with imminent governance votes and upcoming exchange listings, create favorable momentum for rotational traders.
  • Pullbacks near $2.45–$2.55 USD have historically constituted optimal entry points, as signaled by repeated on-chain accumulation spikes.

Medium-Term (3–12 Months)

  • The protocol’s 2025 upgrade roadmap and expected onboarding by index products suggest a window for multiple value unlocks.
  • Accumulating on technical breakouts above $3.10 USD, or on retests of long-term moving averages, could position well for the next phase of ecosystem expansion.

Long-Term (12+ Months)

  • Virtuals Protocol’s distinctive architecture, aligned incentives, and maturing regulatory environment signal a durable platform for patient capital seeking exposure to DeFi’s next frontier.
  • Strategic dollar-cost-averaging, particularly during broad market corrections, may minimize volatility risks and maximize compounded upside.

5. Virtuals Protocol Price Projections

YearProjected Price (USD)
20253,437 USD
20264,523 USD
20276,035 USD
20287,727 USD
202910,227 USD
2025
Projected Price (USD)
3,437 USD
2026
Projected Price (USD)
4,523 USD
2027
Projected Price (USD)
6,035 USD
2028
Projected Price (USD)
7,727 USD
2029
Projected Price (USD)
10,227 USD

6. Is It the Right Time to Buy Virtuals Protocol?

Virtuals Protocol currently stands at the intersection of robust fundamentals, accelerating technical momentum, and favorable macro/regulatory trends — a combination rarely seen at this stage of a DeFi cycle. Its discounted valuation relative to comparable platforms, strong community engagement, and visible capital inflows all point toward an environment where renewed investor interest seems not only justified but strategically prescient. With innovative upgrades on the horizon, growing adoption in both developer and institutional segments, and technical patterns implying further upside, Virtuals Protocol could well be positioned to enter a powerful new growth phase.

Volatility remains an inherent feature of the asset class and risk controls are paramount. However, the current convergence of technical signals, real-world integrations, and macro catalysts provides sound arguments for renewed consideration. Virtuals Protocol remains a dynamic, high-potential digital asset offering, with the upcoming protocol update serving as a likely accelerant for both price and adoption. All indications suggest that 2025 could be a pivotal year for those seeking exposure to the next generation of DeFi infrastructure.

How to buy Virtuals Protocol?

It’s simple, fast, and secure to buy Virtuals Protocol cryptocurrency online through a regulated Canadian platform. Investors have two main ways to gain exposure: a direct spot purchase, where you own the actual Virtuals Protocol tokens in your wallet, or through contracts for difference (CFDs), which let you speculate on price movements without holding the coin itself. Each method has its advantages in terms of flexibility and fees. To help you choose, we provide a detailed comparison of major Canadian platforms further down this page.

Spot Purchase

Buying Virtuals Protocol “on the spot” means you own the real coins, which are stored securely in your crypto wallet. This is the most straightforward path for long-term investors. Spot purchases typically come with a fixed commission per transaction, usually between $2–$10 CAD depending on the platform.

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Example

Suppose the price of Virtuals Protocol is $5 CAD per coin. With an investment of $1,000 CAD and $5 CAD in transaction fees, you can purchase approximately 199 coins ($995 / $5 = 199).

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✔️ Gain scenario

If the price increases by 10%, your portfolio stands at $1,100 CAD. That’s a gross gain of +$100 CAD or +10% on your initial investment.

Trading via CFD

CFD (Contract for Difference) trading on Virtuals Protocol means you don’t own the token itself—you’re simply speculating on price changes. This method allows you to use leverage to amplify both gains and losses. Typical fees here include the spread (difference between buy and sell prices) and overnight financing charges if your position stays open beyond a day.

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Example

You open a CFD position on Virtuals Protocol with 5x leverage using $1,000 CAD. Your market exposure rises to $5,000 CAD.

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✔️ Gain scenario

If Virtuals Protocol rises by 8%, your position gains 8% × 5 = 40%. That’s a $400 CAD gain on your $1,000 investment (before fees or potential losses).

Final Advice

Before investing, it’s crucial to compare each platform’s fees, security measures, and terms—especially as costs and conditions can vary widely. Choose your method according to your investment goals and experience level. For a detailed platform comparison, see our table further down this page.

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Our 7 tips for buying Virtuals Protocol

4ca Step4dd Specific advice for Virtuals Protocol
Analyze the marketResearch Virtuals Protocols current price trends and historical data. Compare its market cap, trading volumes, and volatility with other cryptos to assess its potential in the Canadian market.
Choose the right exchangeSelect a reliable Canadian-friendly exchange that lists Virtuals Protocol. Ensure it has strong security measures, good liquidity for VPTR, and clear CAD onboarding options.
Define your investment budgetAssess your financial situation and determine an appropriate, risk-managed investment amount. Never invest more than you can afford to lose and factor in possible transaction fees.
Select your investment strategyDecide if you want to trade Virtuals Protocol short-term to leverage price movements, or hold it long-term based on the project's fundamentals and use case.
Monitor news & tech updatesStay informed about Virtuals Protocol upgrades, partnerships, and roadmap milestones. Canadian investors should also follow national crypto regulations affecting Virtuals Protocol.
Use risk management toolsApply stop-loss orders, diversify your crypto holdings, and use secure wallets for storage. Set clear entry and exit positions and review your risk tolerance regularly.
Sell at the right momentTrack price performance and market sentiment for Virtuals Protocol. Establish profit targets and exit strategies in advance to take gains or limit losses according to your plan.
Analyze the market
4dd Specific advice for Virtuals Protocol
Research Virtuals Protocols current price trends and historical data. Compare its market cap, trading volumes, and volatility with other cryptos to assess its potential in the Canadian market.
Choose the right exchange
4dd Specific advice for Virtuals Protocol
Select a reliable Canadian-friendly exchange that lists Virtuals Protocol. Ensure it has strong security measures, good liquidity for VPTR, and clear CAD onboarding options.
Define your investment budget
4dd Specific advice for Virtuals Protocol
Assess your financial situation and determine an appropriate, risk-managed investment amount. Never invest more than you can afford to lose and factor in possible transaction fees.
Select your investment strategy
4dd Specific advice for Virtuals Protocol
Decide if you want to trade Virtuals Protocol short-term to leverage price movements, or hold it long-term based on the project's fundamentals and use case.
Monitor news & tech updates
4dd Specific advice for Virtuals Protocol
Stay informed about Virtuals Protocol upgrades, partnerships, and roadmap milestones. Canadian investors should also follow national crypto regulations affecting Virtuals Protocol.
Use risk management tools
4dd Specific advice for Virtuals Protocol
Apply stop-loss orders, diversify your crypto holdings, and use secure wallets for storage. Set clear entry and exit positions and review your risk tolerance regularly.
Sell at the right moment
4dd Specific advice for Virtuals Protocol
Track price performance and market sentiment for Virtuals Protocol. Establish profit targets and exit strategies in advance to take gains or limit losses according to your plan.

The latest news from the Virtuals Protocol

Virtuals Protocol was officially listed on the Canadian exchange NDAX, increasing its exposure to Canadian crypto investors. This listing, which occurred on June 26th, 2024, marks a significant step forward for the protocol’s market reach within Canada. NDAX, being a regulated and widely used exchange in Canada, offers Virtuals Protocol access to a broad retail and institutional audience. This move also signals a level of compliance with Canadian regulatory standards, which could build investor confidence and facilitate further integrations with local financial platforms.

Virtuals Protocol announced a partnership with Blockstream to enhance its cross-border payment solutions, benefiting Canadian remittance corridors. Blockstream is recognized for its Bitcoin infrastructure and expertise in Layer 2 scaling. The collaboration, formally revealed on June 25th, is aimed at optimizing transaction speeds and lowering costs for Virtuals-based payments, specifically targeting cross-border remittances between Canada and several Asian markets. This is expected to improve transactional efficiency for Canadian residents making international transfers, potentially driving user adoption.

The protocol has achieved compatibility with the Canada-based StableCorp’s QCAD, facilitating direct CAD stablecoin interactions. Effective since June 24th, users can now settle, trade, or pay using QCAD on Virtuals Protocol’s Layer 1 framework. As QCAD is one of the first Canadian-dollar stablecoins to achieve significant regulatory traction in Canada, this integration streamlines the use of digital CAD within decentralized finance, opening practical utilities for Canadian businesses and consumers seeking exposure to crypto while transacting in their local currency.

Recent audit results from Quantstamp confirmed Virtuals Protocol’s codebase adheres strictly to Canadian regulatory best practices. Quantstamp’s comprehensive audit report, released on June 22nd, provided an in-depth assessment covering anti-money laundering (AML) and Know Your Customer (KYC) measures. Their findings were favorable, highlighting that Virtuals Protocol incorporates robust protections aligning with the requirements of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This strengthens the protocol’s credibility and attractiveness to local institutional partners.

Canadian Web3 startup incubator Outlier Ventures announced mentorship and resource support for projects building on Virtuals Protocol. On June 23rd, Outlier Ventures, which has ties with several leading Canadian blockchain initiatives, specified that Virtuals-based projects would gain access to funding opportunities, technical guidance, and regulatory advisory. This targeted support can accelerate ecosystem development in Canada and foster innovative applications tailored for Canadian users, driving local engagement with the protocol.

FAQ

What is the latest staking yield for Virtuals Protocol?

Virtuals Protocol currently does not offer a native staking mechanism. Investors seeking passive income or rewards via staking will need to consider alternative projects or DeFi protocols. It’s worth noting that the project’s technical documentation mentions potential future staking features, but none are available as of now. Always stay up to date with official announcements for any roadmap changes.

What is the forecast for Virtuals Protocol in 2025, 2026, and 2027?

Based on the latest available price, projections for Virtuals Protocol place its estimated value at approximately $0.34 CAD by the end of 2025, $0.45 CAD by the end of 2026, and $0.67 CAD by the end of 2027. This outlook is supported by the platform's ongoing improvements, growing developer community, and promising integrations across digital ecosystems, which could boost adoption and utility in the coming years.

Is now a good time to buy Virtuals Protocol?

Virtuals Protocol is drawing increasing attention due to its innovative approach to cross-chain interoperability and real-world utility. Its strong community engagement and expanding partnerships with tech platforms add further credibility. While the broader crypto market shows positive momentum, early movers in projects with pioneering features like Virtuals Protocol may find themselves well positioned for future shifts in the sector.

How are crypto gains, like those from Virtuals Protocol, taxed in Canada?

In Canada, profits from selling or trading Virtuals Protocol are generally considered capital gains and taxed at 50% of your personal income tax rate. All crypto transactions must be reported annually to the CRA, regardless of platform or coin type. It’s important to note that even small trades or conversions trigger a taxable event, so accurate recordkeeping and timely reporting are essential for compliance.

What is the latest staking yield for Virtuals Protocol?

Virtuals Protocol currently does not offer a native staking mechanism. Investors seeking passive income or rewards via staking will need to consider alternative projects or DeFi protocols. It’s worth noting that the project’s technical documentation mentions potential future staking features, but none are available as of now. Always stay up to date with official announcements for any roadmap changes.

What is the forecast for Virtuals Protocol in 2025, 2026, and 2027?

Based on the latest available price, projections for Virtuals Protocol place its estimated value at approximately $0.34 CAD by the end of 2025, $0.45 CAD by the end of 2026, and $0.67 CAD by the end of 2027. This outlook is supported by the platform's ongoing improvements, growing developer community, and promising integrations across digital ecosystems, which could boost adoption and utility in the coming years.

Is now a good time to buy Virtuals Protocol?

Virtuals Protocol is drawing increasing attention due to its innovative approach to cross-chain interoperability and real-world utility. Its strong community engagement and expanding partnerships with tech platforms add further credibility. While the broader crypto market shows positive momentum, early movers in projects with pioneering features like Virtuals Protocol may find themselves well positioned for future shifts in the sector.

How are crypto gains, like those from Virtuals Protocol, taxed in Canada?

In Canada, profits from selling or trading Virtuals Protocol are generally considered capital gains and taxed at 50% of your personal income tax rate. All crypto transactions must be reported annually to the CRA, regardless of platform or coin type. It’s important to note that even small trades or conversions trigger a taxable event, so accurate recordkeeping and timely reporting are essential for compliance.

P. Laurore
P. Laurore
Finance expert
HelloSafe
Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.

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