Will the VRA price reach USD 1?
The cryptoin industry is like a double-edged sword, while some projects enable superior investment opportunities and others end in fraud. Verasity is one such unique project that supports a unique patented proof of view consensus to solve NFT fraud and video streaming challenges.
Since its inception, the Verasity Prize has seen significant growth in the video advertising industry with the subsequent evolution of its use cases. Is it prudent to hope for sustained growth of Verasity in the days, months or years to come as the project aims to encourage publishers and game developers around the world?
In this article, you will get a detailed analysis of the launch, fundamentals and VRA price prediction in the short as well as long term.
$0.08683 on 3 November 2021
$0.0002342 on May 18, 2019
What is Verasity (VRA)?
Verasity (VRA) is a protocol for Esports and video entertainment platforms that enables a unique patented Proof of View consensus mechanism to solve NFT fraud and video advertising issues. The product lines vary across different companies but are all based on the Proof of View consensus mechanism as the mainstay.
Verasity has its own native token called VRA. However, the platform supports VeraWallet on its blockchain, on which the VRA token could be used as the main currency to participate in video games and advertising. In addition, the proof-of-view consensus mechanism records each view on the ledger as factual and provides stakeholders within the video advertising space with a transparent medium to register organic human views in real time.
The platform encourages to empower the fast-growing esports and gaming platforms by enabling efficient server infrastructure, PoV security mechanisms and VeraPlayer.
Verasity (VRA) was founded on 18 May 2018 by RJ Mark. The founder has extensive experience in the video and media industry. RJ Mark gained knowledge in the research and development of compression programmes for video streaming applications, which were used at Action TV in the UK in 2000.
He was also CEO at Datacard, a data management company. He also managed to find other companies in the data protection and media industry before joining Verasity. David Archer, a director of the Verasity Foundation, graduated from the London School of Economics and Political Science. Other professionals such as Sergy Molybog, Kyrylo Bibik and Dmytro Medianik have a proven track record in programming languages.
In addition, the platform has a tremendous, clearly articulated and unambiguous roadmap developed to achieve its business goals in every market. To date, the team has achieved the launch of VeraWallet, video advertising campaigns, hosting Esports tournaments and the launch of a revamped tournament site. The platform plans to launch its own NFT marketplace, along with VeraViews, an advertising platform, and other numerous projects are on the radar.
VRA Price Forecast 2021:
The Verasity price took enough time to recover from its final result. However, it managed to move with a tempo old-season tide until early February. Initially, the VRA price rose by more than 500% in its first bull cycle, first reaching its ATH at $0.04773 on 4 April. Nevertheless, the price failed to manage its gains near ATH. Due to the Chinese market turmoil on 19 May, the price fell steeply to $0.009 in the next two months.
VRA Coin Price Q4: The VRA price has gone through two extreme bull cycles with mammoth gains. In the first leg, the asset made a jump from USD 0.009 to USD 0.045 with a gain of more than 500%. With a short correction at USD 0.030, the asset rose another 500% to reach its ATH at USD 0.08683 on 3 November.
However, the price is expected to go through another round of correction. If it manages to find an uptrend in the coming weeks, the price would be well above USD 0.115 by the end of the year. The average and minimum possibilities for the asset are USD 0.0662 and USD 0.0369, respectively.
Verasity (VRA) price forecast 2022:
If the proof-of-view token reaches positive highs by the end of the year, 2022 can start at USD 0.115. If it falls down, the New Year rally could start with a bearish note at around 0.035 USD.
The platform hopes that it will be listed on Coinbase in 2022. Therefore, it would rise to USD 0.315, a failure to launch upgrades and likely dominance by the bears would send the price down to USD 0.099. However, with regular buying and selling pressure, the VRA price can trade at an average of . $0.1685 by the end of next year.
Verasity Price Forecast 2025:
With the video streaming industry and the NFTs marketplace and gaming sector set to flourish in the coming years with their promising events, the future for Verasity seems to be truly progressive with new milestones expected in its path. If the network successfully achieves the planned updates according to its roadmap, the VRA price may drop $1.254 by the end of 2025.
On the other hand, the bears can easily take over if the platform fails to support the traction of the user base and falls prey to widespread conjecture. In such a case, the VRA price may fall to $0.895.
Verasity (VRA) market forecast:
According to the wallet investor, they believe that the VRA price could rule the metaspace and easily reach 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 expect that the price could reach the milestone of $0.321, the average VRA price is expected to explode $0.273. A declining note would see the token fall to $0.218.
Gov. Capital has revised its forecast for the VRA price. They expect token to reach a maximum of $0.124. On the contrary, they believe that trend reversals in the market would cause the price to fall to $0.0918. And with an average buying and selling pressure, it would trade at $0.1081 by the end of 2022. The website has also given a whopping forecast for the long term. They expect the price to rise to a maximum of $0.4588. The average and minimum probabilities are US$0.339 and US$0.399 by the end of 2025.
Digitalcoinprice has revised its price forecast for VRA. According to it, 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 could rise $0.1535.
Our price forecast:
The VRA appears unstoppable with a number of events lined up for launch. In Q4 2021, Verasity plans to launch an NFT marketplace along with VeraViews, a full-stack advertising platform, and numerous other projects are about to launch. Therefore, the asset is still undervalued in the long term.
According to the Verasity price prediction formulated by Coinpedia, the price can easily surpass the price if the network introduces upgrades such as launching game makers $0.1 mark this year. If the network fails to execute its plan, price may fall into a bearish trap and drop to . $0.0558.
Taking into account the average buying and selling pressure and considering the above factors, the average price by the end of 2022 would be $0.319.
Historical market sentiments:
Verasity went live on the mainnet in 2020. As the platform was new to the new space, no significant collaborations or updates were announced, so the price was almost stable. The VRA price ranged between USD 0.0004 and USD 0.003 throughout the year.
Based on the data, it can be predicted that it is profitable to invest in Verasity over the long term.
Furthermore, proponents argue that it is an undervalued asset.
Verasity (VRA) has huge potential to hit new ATHs as it has many updates lined up for launch. If it launches its NFT marketplace at an earlier date, the price would rise to USD 2.5
Verasity (VRA) is available for trading on major crypto exchanges like Binance, Huobi Global, Gate.io, ZT and KuCoin etc.
If the current upward trend continues and the network updates and partners as planned, VRA is expected to reach 0.10 USD by the end of the year.