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? And what is the Verasity price prediction? How much will VRA be worth in 10 years?Let’s take a look.
Verasity explained
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 aims to solve is what it describes as “wasted” advertising. The Verasity whitepaper 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 that enables them to keep track of the number of actual human beings seeing their ads.
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 in the past can help us when it comes to interpreting a Verasity price prediction.
When Verasity came onto the open market in April 2019 it was worth around $0.0005. It mostly stayed around this price for the next two years or so, making 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 – the 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 some 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 by 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 2022. There was more bad news ahead; in the wake of China imposing a ban on crypto, it fell to $0.02047 on 12 April, $0.0176 on 26 April and about $0.0107 on 9 May.
After that, the market entered a state of crisis, with the depegging of 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 2022 it could only manage a high of just over $0.008.
Things continued to get worse. On 7 June 2022 it was worth about $0.00687. VRA went on a slide that resulted in a low of $0.004688 on 13 June as the cancellation of withdrawals on the Celsius crypto platform confirmed crypto’s bear market. The token continued to struggle and, on 22 July, boosted by news that its VeraViews advertising ecosystem was to be listed on the Internet Advertising Bureau (IAB) list of global vendors, VRA reached a high of $0.006237. Although there was a small downturn to a low of $0.004869 on 26 July, business picked up again and, as of 11 August 2022, VRA was worth about $0.0074.
At this time, there were 10.34 billion VRA coins in circulation, out of a total supply of 110,356,466,695. This gave it a market cap of a little over $76.5m, making it the 319th largest crypto by that metric.
VRA price prediction
First off, Gov Capital has a Verasity price prediction for 2022 that suggests the coin could reach about $0.02076 on 31 December this year. The site goes on to predict that the crypto will be worth somewhere around $0.0298 on 11 August 2023, before going up to $0.071 a year from then. On 11 August 2025, VRA should be worth about $0.121, and 12 months after that it could be worth $0.191 before achieving $0.264 on 11 August 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 suggests it may trade at $0.033, before hitting $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 is forecast to 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 may 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, it outlines that Verasity might get to $0.023, and could reach $0.034 in 2025. There is some optimism that it may reach $0.05 in 2026 while in 2027, the target price is $0.073, rising to $0.10 the following year.
TechNewsLeader thinks VRA can finish the decade at $0.15, while the site’s 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 puts the forecast for 2022 at $0.00987, rising to $0.0107 in 2023 and $0.0112 in 2024. There may be another rise to $0.0146 in 2025, it believes, before the market turns bearish and the price falls back down to $0.0135 the following year.
The token will then make a recovery, DigitalCoinPrice suggests, hitting $0.0174 in 2027. The site suggests VRA can reach $0.0231 in 2028 and get to $0.0302 in 2029. It then predicts the crypto can reach $0.034 in 2030 before rising further to reach $0.0391 in 2031. The site outlines a notable rise, in other words – just not as meteoric as that predicted by some other forecasters.
How many Verasity coins are there?
As of 11 August 2022, there were 10.34 billion VRA coins in circulation, out of a total supply of 110,356,466,695.
Is Verasity a good investment?
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.
Will Verasity go up?
It might do. The predictions certainly seem to be pretty bullish, although how bullish is 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.
Closing thoughts
While Verasity is an interesting concept, it is unclear 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 that offers similar functionality, and becomes 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.
Hope this article can provide you with a better understanding about VRA price prediction and how much will VRA be worth in 10 years.
