Verasity is a protocol that essentially seeks to improve the returns of video publishers and creators by providing avenues for revenue increase. The protocol aims to reward genuine content creators and solve the problem of fake views among advertisers.
The Verasity protocol is arguably the sole, patented blockchain technology-related protocol layer. While their technology is patented in the US, as many AdTech companies are based there, the SEC’s lack of clarity on staking is out of their control.
Utilizing a wide range of revenue-generating avenues such as esports tournaments, fight clubs, and other subscription-based activities, Verasity promises to increase advertising income for the video publisher significantly. Similarly, the foundation plans to release its B2B products later in 2021 to enlarge its scope to the levels of Twitter, Youtube, and other social media ad stacks to increase the reward.
Currently, the Verasity token is trading at $0.003003 on Coinmarketcap. The market capitalization is only about $31,105,775 from a circulating supply of 10.34 billion VRA tokens.
The growth of the VRA token has been positively correlated to the adoption of Verasity as an open ledger advertising ecosystem. Due to its robust features, Verasity has continued to receive endorsements within the crypto space, directly leading to the growth of its native token, VRA. There are several optimistic predictions for the VRA token’s future price; however, an endorsement by Industry influencers could see the token’s price rise steadily.
Long-term investors feel the gaming/streaming sector has a lot of promise in terms of application and expansion. Staking could be a good strategy, rest for a few years, sell some when the price peaks (if you can time it), buy back in during the bear cycle, and repeat. This might take a lot of time, but you can try social strategies.
The Wallet Investor platform maintains a bearish prediction for the VRA coin. The platform’s forecasts show the token could lose value over time, leading to losses for VRA crypto holders. According to their predictions, the price of the VRA tokens could reduce to $0.000255. The platform terms VRA as a bad short and long-term investment, warning investors that their investments in VRA tokens could be highly devalued in the future.
2023 VRA is expected to reach a maximum of $0.005, an average of $0.004, and a maximum of $0.004 in 2023. 2025 In 2025, VRA could reach a maximum of $0.011, an average of $0.010, and a low of $0.009 for the same year. 2030 In 2030, VRA is expected to reach a maximum of $0.068, an average of $0.064, and a low of $0.062.
Verasity is up 21.04% in the last 24 hours and could rise more due to current bullish sentiments. Verasity will trade higher in the second half of 2022 and onwards to 2030. Negative publicity and market crashes will, however, derail Verasity’s performance.