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What is Verasity? VRA In-Depth Analysis and Price Predictions

What is Verasity

The Power of VRA: Verasity Impact on the Crypto Market
The Power of VRA

Verasity (VRA) stands out as a digital asset with significant potential. As an investor or enthusiast, staying informed about the latest market developments is crucial. In this analysis, we will delve into the recent price action and long-term prospects of Verasity, which appears to be in the early stages of a potentially exciting journey. The current price of Verasity stands at $0.005922 USD, and the 24-hour trading volume has reached $14,139,746 USD. Our VRA to USD price is updated in real-time for accuracy. Over the past 24 hours, Verasity has experienced a 4.78% decrease in its value a live market capitalization of $60,698,325 USD. There are 10,249,906,818 VRA coins in circulation, with a maximum supply of 100,249,906,818 VRA coins.

Verasity (VRA) Price Analysis

The recent market update on Verasity shows a familiar pattern in the world of cryptocurrency – short-term consolidation and a longing for bullish momentum.

Daily Time Frame

Looking at the daily time frame, the narrator points out a crucial aspect of Verasity’s recent price action. The coin had a notable run-up, testing a significant resistance level. The price approached a previous high, but it faced resistance, which caused a pullback. This pullback is evident as the price is retracing to a level of support.

The uptrend structure is a key feature here, with Verasity continually testing and retesting its upward trajectory. This is a positive sign for the coin, indicating that there is strong support for its current price level.

Price Projections: The Future of VRA and Verasity

VRA Price Predictions

Hourly Time Frame

To gain a clearer perspective on recent developments, the analysis transitions to the hourly time frame. Here, the ongoing uptrend becomes more evident. After a brief pullback, Verasity made a successful double backtest of a support level. Since then, it has been on an uptrend, gradually moving closer to retesting the previous swing high.

Despite this upward momentum, the coin appears to be struggling to breach this key resistance level, even in the context of a generally bullish market sentiment. This suggests that Verasity may be consolidating, building up momentum for a potential breakout.

Technical Targets

The analysis suggests a technical target for Verasity’s upward movement, pointing to the 2-cent level. This is based on the breakout from a long descending wedge pattern. When considering the longer-term picture, this target appears to be part of a larger bullish move.

Charting the Course: Verasity Analysis and Price Predictions
Analysis and Price Predictions

Long-Term Prospects

The analysis takes a long-term view, highlighting that Verasity is poised for significant growth in the coming years. The narrator believes that Verasity has great potential but also recognizes that the current market conditions may seem relatively dull.

The broader perspective is that Verasity is still in its early stages of a potential bull market that could extend into 2024 and beyond. The article predicts that Verasity could reach heights well above its all-time high of 9 cents, possibly even reaching 50 cents or $1 in the coming years.

The analysis of Verasity (VRA) presented in this article offers a glimpse into the cryptocurrency market’s natural ebb and flow. While Verasity may be experiencing a short-term consolidation phase, the long-term prospects appear promising.

What is Verasity?

Verasity is an attention-based video and gaming platform, with a primary focus on sports. It is built on the Ethereum blockchain and aims to rectify the current advertising model’s woes. At its core, Verasity seeks to integrate with popular video platforms such as Vimeo and YouTube, offering cryptocurrency rewards to viewers, thereby establishing a fair system that allows these platforms to maximize their profits. However, Verasity’s ultimate mission is to eradicate the systematic fraud that plagues digital advertising on Esports networks. It accomplishes this through its patented Proof of View technology, which targets malicious actors manipulating views via bots and other means. Furthermore, by establishing blockchain-based ownership of digital assets, Verasity has created a powerful tool to combat fraud in the digital advertising realm. Verasity’s overarching goal is to provide value to sports enthusiasts globally by leveraging the growing NFT boom in the cryptocurrency space.

Unique Features of Verasity

Verasity employs a unique strategy in the attention-based video industry, combining Proof of View technology with VerViews. VerViews is an adtech stack built on blockchain, guaranteeing that video ads are viewed by genuine people. It combines off-chain and on-chain components to record audience views and their associated metrics on an immutable public blockchain.

How Does VerViews Work?

Brands or agencies load V tokens into the Vera wallet to initiate an advertising campaign. This action creates an escrow pool, which rewards participating viewers and compensates publishers. As viewers watch the advertisements, Proof of View gathers data for live analysis, subsequently unlocking the escrow pool and distributing VRA tokens to both publishers and viewers. Each legitimate ad view is securely recorded on the blockchain.

The Verasity Ecosystem

Verasity’s ecosystem is a comprehensive network that includes various components:

Ver Wallet:

Users can earn, store, and stake tokens on the official Vera wallet.

VPorts:

VPorts combines virtual currencies with Esports to revolutionize Esports spectatorship and gameplay. Gamers have ample opportunities to win V tokens by participating in and watching gaming tournaments.

Ver Player:

Verasity’s proprietary online video player, Ver Player, employs cutting-edge technology to deliver an affordable and user-friendly platform. Unlike traditional server farms, broadcasters can connect directly to the cloud with a laptop, eliminating the need for expensive server equipment. Users can access content without the hassle of additional software or plugins.

Verse:

This advanced NFT ecosystem within Verasity is designed to bring the digital assets market into the fold. Verasity will gather and produce in-game goods and content through its gaming partners, specifically for its community.

Verasity’s innovative approach to tackling ad fraud within the gaming and video content industries demonstrates its commitment to changing the status quo. By leveraging blockchain technology, the company has introduced a unique ecosystem that benefits viewers, advertisers, and content creators alike. As the battle against advertising fraud rages on, Verasity is at the forefront, championing transparency, equity, and integrity in the digital advertising landscape.

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