The Cryptoin industry is like a double-edged sword, while some projects facilitate superior investment opportunities, and some end up in fraud. Verasity is one such unique project that supports a unique patented Proof of View consensus via which intends to resolve the NFT fraud and challenges of video streaming.
Since its advent, Verasity price has achieved significant gains with subsequent evolution of its use cases in the video advertising industry. As the project intends to encourage publishers and game developers across the globe, is it wise to hope for sustainable growth for Verasity in the upcoming days, months, or years?
This article presents you with a detailed analysis of the introduction, fundamentals, and VRA price prediction in the short-term as well as long term.
|Circulating Supply.||4.47B VRA|
|All-time high.||$0.08683 on November 3rd, 2021.|
|All-time low.||$0.0002342, May 18th, 2019.|
What is Verasity (VRA)?
Verasity (VRA) is a protocol for Esports and Video Entertainment platforms that facilitates a unique patented Proof of View consensus mechanism to resolve the NFT fraud and problems related to video advertising. The product lines drift across different enterprises but are all built on the Proof of View consensus mechanism as their mainstay.
The Verasity has its own native token called VRA. However, the platform supports VeraWallet on its blockchain on which the VRA token could be utilized as the primary currency in order to take part in video gaming and advertising. Moreover, the Proof of View consensus mechanism records each view on the ledger as factual and offers stakeholders within the video ad space a transparent media for registering organic human views in real-time.
The platform encourages to empower the swiftly growing esports and gaming platforms by facilitating efficient server infrastructure, PoV security mechanism, and VeraPlayer.
Verasity (VRA) was founded on May 18th, 2018 by RJ Mark. The founder holds substantial experience in the video and media industry. RJ Mark has accumulated knowledge in the research and development of compression programs for video streaming applications used at Action TV in the United Kingdom in 2000.
Moreover, he had served as CEO at Datacard, a data management company. He further managed to find other companies in the privacy management and media industry prior he started with Verasity. David Archer, a director of Verasity Foundation has completed his graduation from the London School of Economics and Political science. Other professionals including Sergy Molybog, Kyrylo Bibik, and Dmytro Medianik hold a proven track record in programming languages.
In addition, the platform has a tremendous clearly articulated and distinct roadmap built to achieve its business goals in each market. To date, the team has accomplished the launch of VeraWallet, Video ad campaigns, hosting Esports tournaments, and introducing a revamped tournament site. The platform has plans to launch its own NFT marketplace, along with VeraViews, an advertising platform, and other numerous projects are on the radar.
VRA Price Prediction 2021:
The Verasity price took enough time to bounce from its bottom line. However, it has managed to move with a pace alt season tide by early February. Initially, in its first bull cycle, the VRA price surged by more than 500% to initially claim its ATH at $0.04773 on 4th April. Yet, the price failed to manage its gains close to ATH. Owing to the Chinese market turmoil on May 19th, the price has undergone a steep fall to $0.009 in the next two months.
VRA coin Price Q4: The VRA price has undergone two extreme bull cycles with mammoth gains. In the first leg up, the asset took a leap from $0.009 to $0.045 with more than 500% profits. With a short correction at $0.030, the asset broke out to surge by another 500% to claim its ATH at $0.08683 on November 3rd.
However, the price is to be undergoing yet another round of correction. If it manages to find an upward trajectory in the next couple of weeks then it would clinch the price well above $0.115 by the year’s end. The average and minimum possibilities for the asset is being $0.0662 and $0.0369 respectively.
Verasity (VRA) Price Prediction 2022:
If the Proof of View token smashes positive highs by the year’s end, then 2022 may commence with a $0.115. In case, if it falls down, then the new year rally may commence with a bearish note at around $0.035.
The platform is hopeful it’s listing on Coinbase in 2022. Hence it would rise up to $0.315, failure in the launch of upgrades and probable bears domination would plummet the price to $0.099. However, with regular buying and selling pressures, VRA price may end up trading at an average value of $0.1685 by the end of next year.
Verasity Price Prediction 2025:
As the Video streaming industry and NFTsmarketplace and gaming space are going to flourish in upcoming years, with its promising events in line, the future seems to be really progressive for Verasity and new milestones are awaited on its way. If the network successfully achieves the planned updates as per their roadmap, then the VRA price may hit $1.254 by the end of 2025.
On the flip side, if the platform fails to entertain the traction of the user base, and falls into prey for widespread conjectures, the bears may easily take over. In such a case the VRA price may downfall to $0.895.
Verasity (VRA) Market Prediction:
According to the wallet investor, they believe the VRA price might rule the Metaspace and may easily hit a maximum of $0.125. The minimum price is $0.1023 and the average price would be $0.114 by the end of 2022. They anticipate that the price may hit the milestone of $0.321, the average VRA price is expected to smash $0.273. On a bearish note, the token would plummet to $0.218.
Gov. capital has revised their prediction for the VRA price, they expect tokens to hit a maximum of $0.124. On the contrary, they believe, trend reversals in the market would plummet the price to $0.0918. And with average buy and sell pressures it would end up trading at $0.1081 by the end of 2022. The website has also made a whopping prediction in the long term, they expect the price to surge maximum of $0.4588 The average and minimum probabilities is being $0.339 and $0.399 respectively by the end of 2025.
Digitalcoinprice revised its price prediction on VRA. According to them the price will reach $0.075 by 2021 and rally further to cross $0.1264 by the end of 2024. By the end of 2025, the price may hit $0.1535.
Our Price Prediction:
The VRA seems to be unstoppable with a series of events lined up for launch. In Q4 2021, Verasity aims to introduce an NFT marketplace, along with VeraViews, a full-stack advertising platform, and numerous other projects are in line to launch. Hence, in the long-term perspective, the asset is still undervalued.
According to Coinpedia’s formulated Verasity price prediction, if the network launched upgrades such as and game maker launch, the price may easily surpass the $0.1 mark this year. If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $0.0558.
Considering average buy and sell pressure and keeping the above factors in mind the average price by the end of 2022 would be $0.319.
|Year.||Potential High.||Potential Low.|
Historic Market Sentiments:
Verasity went live on the mainnet in 2020. As the platform was new to the new space, no significant collaborations or updates have been announced, hence the price was almost stable. The VRA price hovered around $0.0004 to $0.003 throughout the year.
Based on the data, it can be predicted that it is Profitable to invest in Verasity for the long term.
Moreover, proponents argue this is an undervalued asset.
Verasity (VRA) has a tremendous potential to reach new ATH’s as many updates are lined up for launch. If it launches its NFT marketplace anytime before that would take the price to $2.5
Verasity (VRA) is available to trade on major crypto exchanges like Binance, Huobi Global, Gate.io, ZT, and KuCoin, etc.
If the current bullish trend continues and if the network executes updates and partnerships as per the plan, VRA is expected to hit $0.10 by the year-end.