VersaGames price prediction: What is VersaGames (VERSA)?
Can VersaGames break out of its slump?
The VersaGames platform aims to make play-to-earn and metaverse gaming more accessible for gamers, easier to launch for developers and more profitable for investors. But, in terms of pure crypto, what is VersaGames (VERSA)? Let’s see what we can find out, and also examine some of the VersaGames price predictions that are out there.
One of the biggest success stories in the world of both cryptocurrency and blockchain technology in general over the last six months of 2021 was the growth of crypto-based gaming. With non-fungible tokens (NFTs) – basically, the rights to own a link to a unique piece of digital artwork – taking off at the same time, the idea that you can play a game that rewards you with NFTs that can be bought, sold or traded, thus potentially making players money, led to the growth in play-to-earn (P2E) gaming. This was reflected, at least to a certain extent, in the explosion of metaverse tokens at the same time. These cryptos ,are based around individual game worlds where people can interact with one another and, again, make use of NFTs to decorate certain areas of the game world.
Something that links in with the world of P2E and metaverse gaming, along with NFTs, is the idea that things should be more accessible. While the much-vaunted Web 3.0 might potentially herald a new era of both privacy and transparency, it is possible that people who want to get involved in metaverse and P2E gaming may not find it entirely easy. The argument is that people who are either inexperienced, or are otherwise not able to give up large chunks of their time to play blockchain-based games, might find it difficult to know how to get involved in the games. Also, there is the issue that, if someone does want to get hold of a game, they have somewhere they can trust to obtain it from.
As well as that, there is an issue for developers. People who make games don’t just have to worry about making a game that works and is fun to play if they want to enter the P2E space, they also need to make sure that they have tokens that work properly in a proper economic ecosystem. While there are launchpad systems for metaverse games, they tend to be focused on getting things up and running, rather than on offering support to developers throughout the lifespan of a game. There is also the matter of investors being unable to get a decent return on their funds, with it sometimes being hard to know which projects are good and which ones are, ultimately, going to be a waste of money.
This is where, at least in theory, VersaGames comes in. The idea behind this platform is that it wants to serve as the “go-to shopfront for crypto games”, meaning that it will serve as a place that is easy for people to access, where developers can collaborate on new products and also have a place to distribute them and, perhaps more notably, where investors can get exposure to games early. As the whitepaper says: “VersaGames will also be the go-to hub for investors seeking exposure to early game projects. Our partnership channel provides a continuous stream of incentivised game farms for our staking platform.”
Every blockchain and blockchain-based network needs its own cryptocurrency, and VersaGames has its own token, conveniently named VersaGames. This crypto also goes by its ticker handle, VERSA. The idea behind this token is that it is a utility token that can be staked in return for rewards. It is also used to provide liquidity in the network. The whole VersaGames system is run by a decentralised autonomous organisation (DAO), which also operates the platform’s treasury.
One thing to note here is that VERSA is based on the Cronos blockchain. This means that it is, technically speaking, a token, rather than a coin. You will hear and see references to things like a VERSA coin price prediction, but they are, strictly speaking, incorrect.
VersaGames price history
Now, let’s have a look at the VERSA price history, such as it is. It is important to note that, while past performance should never be taken as an indicator of future results, knowing what a cryptocurrency has done in the past can help give us some very important context when it comes to either interpreting a VersaGames price prediction or making one of our own.
Although the VersaGames platform first came out in late 2021, the VERSA token did not hit the open market until the summer of 2022. Before that, though, it held something called an initial gem offering (IGO) which raised $6.6m. By early June it was ready to be bought, sold and traded on exchanges and, the day after it came out, the token reached an all-time high of $0.09175 on 11 June.
Unfortunately for investors, it was not long after that that the Celsius crypto lending platform cancelled withdrawals. Seeing as, just the previous month, the UST stablecoin had become depegged and the associated LUNA cryptocurrency collapsed, this was confirmation that cryptocurrency was in a bear market. The VERSA token price fell down and reached an intraday low of $0.07356 on 30 June before recovering slightly to close the month at $0.07426.
Although for some tokens, July was a month where there was some recovery following the disasters of May and June, it did not serve that purpose for VERSA. Instead, the coin carried on a slow decline, albeit with some peaks and troughs. The best that investors could sell their tokens for that month was $0.07456 on 1 July, while by the time it closed the month, it was worth $0.07004 on 31 July. While there may have been some cause for optimism in August, there has not been too much, and as of 8 August 2022, VERSA was trading at $0.07008.
At that time, there were 27,201,884 VERSA in circulation out of a total supply of 320 million, according to CoinGecko. This meant, the site said, that VERSA had a market cap of around $1.9m making it the 1,667th largest crypto by that metric. It is worth noting that CoinMarketCap did not have a verified circulation or market cap for the token at the time.
VersaCoin price predictions
Now, let’s take a look at some of the VersaGames price predictions that are out there. It is important to remember at this stage that price forecasts, especially when it comes to something as inherently volatile as cryptocurrency, are very often wrong. Also, it is worth pointing out that long-term crypto price predictions are often made using an algorithm, which means that they can change at a moment’s notice.
Firstly, PricePrediction makes a VERSA price prediction that suggests that the token could close the year at $0.082 before it reaches $0.12 by the end of 2023. In December 2024, the site says that the token could be worth about $0.18, before it finishes 2025 at $0.25. In December 2026, Versa could be worth somewhere in the region of $0.37, before it closes 2027 at $0.53 and 2028 at $0.74. The site says that it should close the decade at $1.06, before making a VersaGames price prediction for 2030 that sees it reach $1.38 in August and $1.56 in December, before it moves to $2.26 by the end of 2031.
Next, CryptoPredictions.com has a VersaGames price prediction for 2022 that sees it close the year at around $0.085 before reaching $0.0825 in August 2023. A year from then, the token could be worth $0.09267, before it gets to $0.096996 in August 2025. If we move on another 12 months, the forecast is for VERSA to stand at $0.0966 before it closes 2026 at $0.0953.
Meanwhile, CryptoGround makes a VersaGames crypto price prediction that says it should be worth about $0.0001 in September 2022, staying at a similar level in August 2023. The site goes on to make a VersaGames price prediction for 2025 of around $0.0002, while it argues that the token could stay at the same level in 2027. It goes on to suggest that the price of VERSA could crash at some point in 2027, but it does not say when, nor does it state what it thinks it might crash to.
Finally, Finance123 is pretty optimistic when it comes to making its VERSA token price prediction. It says that VersaGames can reach an average of $0.098 this year, before hitting $0.305 next year and $0.805 in 2025. By 2030, the site thinks it should be trading at somewhere around $6.195 before getting to $8.407 in 2032. How seriously you take this forecast will depend on whether you believe the token can grow by nearly 12,000% over the course of the next 10 years or so.
Before we finish, some final things to point out. First, VERSA is a pretty new token. With freshly-launched cryptos, it can be hard to see what sort of level they can trade around, which means that there will inevitably be speculation around the token. It is important to recognise that this is just that, speculation.
Second, VersaGames has not named its founders. While this is not that unusual in the world of crypto, it still serves as something that might put potential investors off.
Third, if we look at the price chart for VERSA, it does seem like the token has been, broadly speaking, on a downward trend since it first came out. While some cryptos are making a slow recovery after the events of May and June hit the market hard, Versa is still more or less on a downward curve.
Finally, while the system does promise a lot, it is worth noting that the metaverse and play-to-earn sectors have underperformed an already bearish market this year. As always with cryptocurrency, you will need to exercise due care and caution before deciding whether to invest in VERSA.
How many VersaGames are there?
According to CoinGecko, on 8 August 2022, there were 27,201,884 VERSA in circulation out of a total supply of 320 million.
Is VersaGames a good investment?
It is hard to say. Launching a crypto in the middle of a bear market is no easy task, but the way that the coin has slumped since launching might cause concern. On the other hand, there is nothing to say that it won’t recover and, potentially, even thrive over time. As always with crypto, you will need to do your own research before you invest in VERSA.
Will VersaGames go up?
It might do but, then again, it might not. The few forecasts that are available are mainly positive, but crypto price predictions can very often be wrong. Also, cryptos can be incredibly volatile, and prices can go down just as easily as they can go up.
Should I invest in VersaGames?
This is entirely a matter for you. Before you do so, you will need to do your own research, remember that prices can go down as well as up, and never invest more money than you can afford to lose.