Verasity Price Prediction: Can VRA Price Surge To $0.1 In 2022?

The post Verasity Price Prediction: Can VRA Price Surge To $0.1 In 2022? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

  The Crypto industry is regarded as a double-edged sword. Whilst some projects facilitate superior investment opportunities, some end up in fraud. Verasity (VRA) is one such unique project that supports a unique patented “Proof-of-View” consensus mechanism. Via which it intends to resolve the NFT fraud and video streaming challenges. 

Since its advent, Verasity price has achieved significant gains with the subsequent evolution of its use cases in the video advertising industry. As the project intends to encourage publishers and game developers across the globe. It has managed to lure savvies, who have been keen on the price projection of its native asset VRA. 

Are you acute about investing in VRA, but concerned about its future prospects? Fret not, as we decode the plausible price prediction of the altcoin for 2022 and the years to come. 

Overview

Cryptocurrency.	Verasity.
Token.	VRA
Price.	$4.76
Market Cap.	$240,498,737
Trading Volume.	$36,547,846
Circulating Supply.	4.47B VRA
All-time high.	$0.08683 on November 3rd, 2021.
All-time low.	$0.0002342, May 18th, 2019.

Verasity (VRA) Price Prediction For 2022

Potential Low	Average Price	Potential High
$0.0308	$0.0403	$0.0485

  Verasity’s VRA had continued its move to 2022 in a downtrend and with a price tag of $0.0349. As the altcoin hit its RSI at 29.51. Buyers in the space helped the price climb to $0.035 by the 13th of January. The spike was short-lived as volatility in the industry led to the altcoin finding support at $0.0195. After accumulating in the region, VRA bounced on a leg up on the 5th of February.

Which took the price to $0.0336 by the 10th of February. Failing to sustain amidst the tensities in the globe, dragged the price back to its crucial level of $0.0195. Whilst VRA attempted a leg-up to $0.024 by the start of March. The dominance of sellers further exacerbated the sideways trend. It was on the 27th of March when a bullish spike in volumes helped VRA close the quarter at $0.029. 

Verasity’s (VRA) Price Prediction For Q2

  If the developments of the first quarter around PoV, VeraEsports, and VeraWallet start portraying the results. Things would start getting bullish for VRA, further seeking impetus from the planned upgrades. Such as PoV enabled smart contracts for NFTs, automated KYC for VeraWallet, etc… The altcoin could surge to its potential high of $0.0123. 

On the flip side, a prolonged bear run might stumble the price to $0.008. That said, an equilibrium in buying and selling pressures could land the PoV coin at $0.0121. 

VRA’s Forecast For Q3

  If the digital asset manages to carry forward the second half of the year on a bullish note. Whilst seeking supplements from notable events such as the public launch of NFT marketplace MVP, amongst others. The price of VRA could surge to a maximum of $0.021. 

Conversely, if the protocol fails to stand true to its commitments, the price could slump down to $0.014. Constrained by the linear price trajectory, the regular trading price could find a base at $0.0179. 

Verasity’s Prediction For Q4

  The fourth quarter could turn into a game-changer for the digital asset. If the planned events around VeraWallet, VeraEsports, Identity and Access Management, amongst others, yield the desired results. In such a scenario VRA could climb up to $0.0485. 

However, factors like negative criticism or a possible market crash could slash the price to $0.0308. Factoring in the bullish and bearish targets, the average price could land at $0.0403. 

VRA Price Forecast For 2023

  If the protocol manages to establish its prominence in the crypto industry. And manages to empower its userbase, the cryptocurrency might possibly surge to establish a new ATH at $0.0894. However, if the sector it caters to ebbs in stance, the price might drop to $0.0453. 

Price Prediction Of VRA For 2024

  The project might witness growing adoptions and collaborations in due course of time. In such a case, VRA might surge to a maximum of $0.1596. On the downside, if the protocol fails to upkeep its userbase, the price might head south toward its potential low of $0.0812. 

Price Trajectory For 2025

  As the video streaming industry, NFTs marketplace and gaming space are expected to flourish in upcoming years. With its promising events in line, the future seems to be progressive for Verasity with new milestones are awaited its way. If the network successfully achieves the planned updates as per its roadmap. Then the VRA price may hit $0.3225 by the end of 2025.

On the flip side, if the platform fails to entertain the traction of the user base. And falls prey to widespread conjectures, that the bears may easily take over. In such a case the VRA price may face a downfall to $0.1642.

Year	Potential Low	Potential High
2023	$0.0453	$0.0894
2024	$0.0812	$0.1596
2025	$0.1642	$0.3225

Verasity (VRA) Market Prediction

Wallet Investor:

According to the Wallet Investor, VRA’s price might rule the Metaspace. And may easily hit a maximum of  $0.0345 by the end of 2022. The firm expects the minimum and average prices to occur at $0.00859 and $0.0219. The company also hosts the forecast for the long term. It anticipates VRA to surge to a maximum of $0.1023 by the end of 2025.

Gov.Capital:

Gov. capital has revised its prediction for the POV coin. The analysts from the firm foresee the possibility of the price hitting a maximum of $0.03036 by the end of 2022. It expects a reversal in trend to knock the price to $0.0224. And a balance in buying and selling pressures to land the price at $0.0264. 

Digital Coin Price:

As per the updated forecast of Digital Coin Price. VRA might surge to a maximum of $0.0139 by the end of 2022. The website expects rather linear price propulsion for VRA. The firm has set the year-end maximum targets for 2023 and 2025 at $0.0149 and $0.0218. 

Click here to read our price prediction of Bancor’s (BNT)!

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 frauds 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.

Fundamental Analysis

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 the CEO of 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.

Our Price Prediction

The VRA seems to be unstoppable in the near future with a series of events lined up for launch. According to Coinpedia’s formulated Verasity price prediction. If the network launched upgrades such as per the schedule, the price may easily surpass the $0.045 mark this year. 

If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $0.03. Considering average buy and sell pressure and keeping the above factors in mind. The average price by the end of 2022 would be $0.04.

Historic Market Sentiments

2020

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.

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 bull cycle, VRA’s price surged more than 500% to 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 underwent a steep fall to $0.009 in the next two months. 

The VRA price underwent two extreme bull cycles with mammoth-like gains. In the first leg up, the asset took a leap from $0.009 to $0.045 with profits over 500%. 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 1st.

However, the altcoin went through massive sell-offs thereafter. Which dragged the price to $0.032 by the 20th of December. After accumulating in the region over the next two days, the digital asset posed a leg-up to $0.041 by the 28th of December. Failing to sustain at the levels led to the annual closure at $0.034. 

To read our price prediction of Basic Attention Token (BAT) click here!

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