Verasity (VRA) price prediction: What is the truth?
Can Verasity deliver real statistical benefits to online advertisers?
In the online world, it can be hard to keep track of who might be viewing your adverts. The Verasity network and its associated VRA coin is used in an attempt to solve that particular problem.
But what is verasity (VRA)? How does verasity work? What is verasity used for? What is the verasity price prediction? Let’s take a look…
The verasity (VRA) cryptocurrency is the native token of the Verasity platform. This online mechanism allows people to compete in e-sports events and stream live videos. Users have the opportunity to earn VRA by using the network, as well as by subscribing to events and winning competitions.
One of the problems that Verasity is aiming to solve is what it describes as wasted advertising. The white paper argues that “out of some $400bn [£304.5bn] of online ads, as many as 40% or approximately $160bn-worth are seen by bots and not humans”, and it aims to put a stop to that.
It hopes to do this by using something called Proof of View, which will use the blockchain to eliminate records of bot views of adverts, thus allowing companies to advertise in a way they know will allow them to keep track of the number of actual human beings seeing their adverts.
The organisation, founded in 2018 by London-based entrepreneur RJ Mark, also aims to make use of its VeraEsports.com website to deliver non-fungible tokens (NFTs) to collectors and track them if they are falsely used. VRA is the token that helps keep the system moving, being used for both rewards and staking.
Verasity price history
Let’s look at the verasity price history. While past performance is no indicator of future results, knowing what VRA has done can help us when it comes to interpreting a verasity price prediction.
When verasity came on to the open market in April 2019 it was worth around $0.0005. It mainly stayed around this price for the next two years or so, with the occasional foray above the $0.001 mark, but not exactly setting the world of cryptocurrency on fire.
Things started to change in March 2021. The first few months of that year were a boom time for crypto, and VRA was caught up in the action. It broke through the cent barrier on 13 March, when it scored an intraday high of $0.01136 and closed at $0.01087. The overall trajectory at this time was upward and, on 17 April 2021, it reached a periodic high of $0.05583.
The price started to float back down and this price reduction was exacerbated by the events of 19 May 2021’s great crypto day crash, with the price dropping below the cent mark for the first time since March.
Verasity stayed in the doldrums for a while, but there was some recovery in August 2021 and, towards the end of the month, it was back to where it had been in May. While September saw downward movement, the market became bullish again in October, and the coin moved upwards until it hit its all-time high of $0.08683 on 1 November 2021.
Again, however, there was ultimately a downturn, as the crypto market was hit by uncertainty related to the Omicron variant of Covid-19, and the crypto closed the year at $0.03421.
VRA was still unable to break free of a gloomy market and the slump continued, with verasity being worth about $0.0275 on 19 January 2022. By the end of the month, it was down to just over $0.02.
February saw a rally above $0.03, with the coin potentially boosted by the news that its VeraEsports platform was to serve as the official e-sports partner and exclusive content platform for online shooter VALORANT for its Champions Tour Asia-Pacific Challengers 2022.
That good news was snuffed out, however, as the market contracted following Russia’s invasion of Ukraine, and on 1 March 2022 it was trading at around $0.024. Even news that the coin would be available on the Crypto.com exchange could not help the price continuing to decline and, on 22 March 2022, it was worth about $0.021.
As the market went through a bullish period, VRA hit $0.0305 on 2 April. There was bad news ahead, however, because, in the wake of China imposing a ban on crypto, it fell to $0.02047 on 12 April. Since then, the price has ultimately fallen and, on 26 April, it was worth around $0.0176. The price has continued to collapse since and, on 9 May 2022 it was worth about $0.0107. After that, though, the market entered a state of crisis, with the de-pegging on the terraUSD stablecoin and the collapse of the associated LUNA crypto causing significant damage. VRA fell to a low of $0.005498 on 12 May and, despite making an initial recovery to $0.009531 on 16 May, by 24 May it was trading at around $0.0078.
At this time, there were 4.47 billion verasity in circulation out of a maximum supply of 10,356,466,695. This gave it a market cap of around $33.9m, making it the 496th largest crypto by that particular metric.
Verasity price forecast
Longer-term crypto forecasts are very often wrong. We also need to point out that longer term crypto predictions are usually made using an algorithm, which means that they can change at any time.
First off, Gov.capital has a verasity price prediction for 2022 that sees the coin reach about $0.03 on 31 December this year. The site goes on to suggest that the crypto will be worth somewhere around $0.05 on 24 May 2023, before going up to $0.1037 a year from then. On 24 May 2025, VRA should be worth a little over $0.17 and 12 months after that it should be worth $0.25 before reaching somewhere between $0.34 and $0.35 on 24 May 2027.
NewsBitcoin247 has a verasity crypto price prediction that says it should reach an average of $0.01 this year, rising to $0.015 in 2023 and $0.022 in 2024. The site’s verasity price prediction for 2025 sees it trade at $0.033, before stands at $0.048 in 2026. In 2027, it should reach $0.071.
The same site’s average price forecast for 2028 is $0.10 and it should close the 2020s at around $0.14, before starting the 2030s with an average price of $0.20. There will then be another upwards move in 2031, when VRA will be worth around $0.29.
TechNewsLeader is similarly bullish when it comes to its VRA price prediction. The site suggests the coin could get as high as $0.011 this year before going to $0.016 next year. In 2024, verasity can get to $0.023, and it could reach $0.034 in 2025. There is some optimism that it reach $0.05 in 2026 while in 2027, the target price is $0.073, rising to $0.10 the following year. It can finish the decade at $0.15, while the verasity price prediction for 2030 is $0.21, before the coin faces the possibility of being worth $0.31 in 2031.
Finally, DigitalCoinPrice is far more cautious in its outlook, although its verasity coin price prediction does suggest that VRA will go up over time. It says the forecast for 2022 is $0.0101, rising to $0.01103 in 2023 and $0.0115 in 2024. There will be another rise to $0.0150 in 2025, it believes, before the market turns bearish and the price falls back down to $0.0138 the following year.
The token will then make a recovery, DigitalCoinPrice thinks, hitting $0.0178 in 2027. The site suggests VRA can reach $0.0237 in 2028 and get to $0.0309 in 2029. It then predicts the crypto can reach $0.0348 in 2030 before rising further to reach $0.0401 in 2031. In other words, a notable rise, but not as meteoric as some other forecasts.
A few final points. While verasity is an interesting concept, it is unclear as to whether the system can truly expand and become a key component of the streaming world.
Second, while the idea may be beneficial to businesses that advertise online, it is also possible that another organisation could come along and become more successful than verasity.
Furthermore, the coin has not managed to escape the downward trend that has been hitting the crypto market lately. We shall have to wait and see what happens.
As of 24 May 2022, there were 4.47 billion verasity in circulation, out of a maximum supply of 10,356,466,695.
It might be. The coin has, ultimately, lost value over the last 12 months, but that could mean that we are in a dip, and there is a strong belief among many crypto enthusiasts that a dip is exactly the best time to buy a crypto.
Nevertheless, you need to do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.
It might do. Keep in mind that the predictions seem to be pretty bullish, although how bullish is entirely another matter. You should also remember that forecasts, especially for something as volatile as crypto, can be wrong, so you will need to exercise caution.
This is a question that only you can answer for yourself. Before you do, you need to do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.