RJ Mark founded the blockchain-based Verasity platform in 2018. By establishing an attention-based video and game platform on the Ethereum blockchain, it transforms the advertising model. Verasity compensates viewers with bitcoin and creates a fair revenue generation system for video sites like YouTube and Vimeo by integrating with them.
Verasity seeks to address the prevalent problem of ad fraud in the digital advertising environment, notably in esports networks. Verasity’s unique Proof of View (PoV) technology aims to end fraudulent activities that cost brands billions of dollars each year. Platforms are seriously threatened by ad bots, which are malevolent entities that manipulate views. It provides advertisers with a safe and open environment, guaranteeing that their messages are seen by real people.
September 20, 2023 at 10:25 am
Updated September 20, 2023 at 10:25 am
To build a reliable ecosystem, Verasity has created a strong NFT authentication chain. By creating blockchain-based ownership of esports assets, this method hopes to combat fraud. Verasity provides esports fans all around the world with concrete value by taking advantage of the increasing NFT trend in cryptocurrency.
VRA, Verasity’s native coin, is the engine that drives its ecosystem. Within the platform, VRA provides a straightforward way to stake, earn, and spend. By watching videos and ads, you can amass VRA, which increases platform engagement and income. VRA was originally an ERC-20 token, however it has been changed to an ERC-777 token and is easily traded on several cryptocurrency exchanges, allowing for simple access to the Verasity ecosystem.
Verasity (VRA) Price History
VRA entered the market in April 2019 at about $0.0005, where it stayed for the next two years with a largely steady price. The token’s value increased dramatically in March 2021, breaking through the cent threshold and reaching an intraday high of $0.01136. It rose to a peak of $0.05583 in April 2021.
The market meltdown on May 19, 2021, added to the price’s subsequent drop. Verasity struggled to pick up steam but managed to return to the May price levels in August 2021 after a partial recovery. An increasing trend began in October for VRA, which peaked on November 1, 2021, at an alltime high of $0.08683.
The price of VRA was hurt by the market decline brought on by the uncertainties regarding Covid-19, and it ended the year at $0.03421. By January 19, 2022, the decline had brought VRA’s worth to about $0.0275. A small increase above $0.03 occurred in February because of good news regarding VeraEsports becoming the official partner of VALORANT.
Unfortunately, the market shrank after Russia invaded Ukraine, which led to a drop in VRA’s price to roughly $0.021 on March 22, 2022. The price of VRA decreased despite the news that it had been listed on the Crypto.com exchange. Further declines began in April as a result of China’s crypto ban, with VRA falling to $0.0107 by May 9.
The de-pegging of the TerraUSD stablecoin and the fall of related cryptocurrencies caused the market to enter a crisis state, which was made worse. On May 12, VRA hit a low of $0.005498 before recovering somewhat to $0.009531 on May 16. But on May 24, the cost had only risen to slightly more than $0.008.
By June 7, 2022, the value of VRA had decreased to about $0.00687. VRA fell to a low of $0.004688 on June 13 as a result of the cancellation of withdrawals on the Celsius cryptocurrency platform, which served as confirmation of the adverse market attitude. The price of VRA varied around $0.006, briefly falling to $0.004869 on July 26. On August 11th, 2022, VRA was worth about $0.0074.
At the time of writing, VRA has a market value of $75,326,056 and is currently trading at $0.007. With 10,305,680,354 VRA tokens in circulation now, it is ranked #338 overall among all cryptocurrencies.
RA Price Prediction: Professional Opinions
According to projections, VRA will remain at $0.121 in August 2025 and reach an expected value of $0.191 a year later. According to Gov Capital, VRA will reach $0.264 by August 2027.
A different resource, NewsBitcoin247, has a more pessimistic prediction for the price of VRA. In 2023 and 2024, they forecast averages of $0.015 and $0.022, respectively. The price of VRA in 2025 may be around $0.033, rising to $0.048 in 2026. VRA may reach $0.071 in 2027. They also predict that the average price of VRA in the 2030s may be $0.20.
According to TechNewsLeader, the price might increase to $0.016 in 2023.
The price of VRA was predicted to reach $0.023, maybe, in 2024, and
$0.034 by 2025. According to the website, VRA may reach $0.05 in 2026, $0.073 in 2027, and $0.10 in 2028. According to their pricing forecast, VRA will cost $0.15 by the end of the decade and $0.21 by 2030.
While these forecasts offer information about the potential future price of VRA, it is important to approach them with caution and take market volatility and other variables that can affect cryptocurrency values into account.
Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions.
(Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)