Key Takeaways
The VRA token more than trebled in 2023 as a series of quarterly burnings helped boost the crypto’s value.
With the Verasity network aiming to reach out to advertisers, it will be interesting to see what will happen next to the crypto.
On February 28, 2024, VRA was worth about $0.00828.
Verasity did not immediately respond to a request for comment.
But what is Verasity (VRA)? How does Verasity work? Let’s see what we can find out, and also take a look at some of the Verasity Price Predictions that were being made as of February 28, 2024.
Let’s examine some of the Verasity price predictions being made on February 28 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
2024 | 2025 | 2030 | |
---|---|---|---|
Prediction #1 | $0.0166 | $0.0208 | $0.0598 |
Prediction #2 | $0.0205 | $0.02878 | $0.0698 |
Prediction #3 | $0.0094 | $0.0132 | $0.0841 |
First, CoinCodex had a short-term Verasity price prediction which said the token could reach $0.00979 by March 4 before continuing to go up, reaching $0.01285 by March 29. The site’s technical analysis was bullish, with 30 indicators sending positive signals and just three making bearish ones.
DigitalCoinPrice said that Verasity would reach $0.0119 this year. Bitnation said it would get to $0.0205. PricePrediction.net said VRA would trade at $0.0094 in 2024.
Moving on, DigitalCoinPrice thought Verasity would trade at $0.0208 in 2025. Bitnation said the token would stand at $0.02878 then. PricePrediction.net made a Verasity price forecast that had it reach $0.0132 in next year.
Moving onto a more long-term Verasity price prediction, DigitalCoinPrice claimed it would reach $0.0598 in 2030. Bitnation said it would get to $0.0698 that year. PricePrediction.net’s VRA price prediction said it would be worth $0.0841 by the start of the next decade.
Google’s Gemini AI platform gave the following price prediction for Verasity on February 28. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.
It added: “It’s important to remember that these are just predictions, and the actual price of VRA could be significantly higher or lower. It’s crucial to do your own research and consider your own risk tolerance before making any investment decisions.”
Now, let’s examine the Verasity price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a Verasity price prediction.
When VRA first came on 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. Things started to change in early 2021. The crypto market went through a boom phase and VRA got involved, reaching a high of $0.05583. Although it dipped over the summer, Verasity recovered in the autumn, reaching an all-time high of $0.08683 on 1 November. There was another downturn, as the crypto market was hit by uncertainty related to the omicron variant of Covid-19. VRA closed the year at $0.03421.
2022 was not a good year for crypto. Veracity struggled, falling below the cent in May as the market crashed following the collapse of the Terra (LUNA) blockchain. Any hopes of a recovery were snuffed out when the FTX (FTT) exchange went bankrupt in November. VRA closed 2022 at $0.00224, an annual loss of nearly 95%.
2023 was a better year for Verasity, albeit with some ups and downs. It initially rallied, breaking past the cent in February. The token then entered a bear cycle. In June, the United States Securities and Exchange Commission (SEC) sued the Binance and Coinbase exchanges. The market fell, and VRA dropped to $0.003968 on June 14.
Verasity was able to recover, and it spent time above $0.005 in late June and early July. It then entered a decline, falling to $0.00374 on September 26.
Since then, it has rallied. On October 3 2023, Verasity was worth about $0.0057. By the end of the year, it was worth $0.006943, an annual increase of more than 200%.
By February 28 2024, VRA was worth around $0.00828.
At that time, there were 10.2 billion VRA in circulation out of a total supply of 100.2 billion. This gave it a market cap of about $84.8 million, making it the 466th-largest crypto by that metric.
It is hard to say. While interest in VRA has grown as a result of recent burnings, we don’t know if the token can capitalize on this. A lot will depend on how the market behaves as a whole.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in VRA.
No one can really tell right now. While the Verasity crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Before you decide whether or not to invest in Verasity, you will have to do your own research, not only on VRA, but on other coins and tokens such as Theta Network (THETA). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Verasity is a platform dedicated to live videos and esports events. It also keeps track of who is viewing online adverts, aiming to reward advertisements which are seen by real people and not by bots.
Crypto entrepreneur RJ Mark founded Verasity, which is based on the Ethereum (ETH) blockchain, in 2018.
The VRA token supports Verasity.
Verasity uses something called proof-of-view. This eliminates records of bot views of adverts. In turn, this allows companies to advertise in a way they know will allow them to keep track of the number of human beings seeing their adverts.
The VRA token pays people who use the network, subscribe to events and take part in competitions. People can also buy, sell, and trade it on exchanges.
Because Verasity is based on Ethereum, it is a token, not a coin. You might see references to such things as a Verasity coin price prediction, but those references are wrong.
Here is a chart for the Verasity Google search volume for the past 90 days. This represents how many times the term “Verasity” has been Googled over the previous 90 days.
It might do, but not for quite some time. Both PricePrediction.net says Verasity can reach $0.10 in 2031 and DigitalCoinPrice say it will get there in 2032. It is important to remember that VRA has never traded at $0.10. The VRA token pays people who use the Verasity network, subscribe to events and take part in competitions. People can also buy, sell, and trade it on exchanges. Will Verasity reach $0.10?
What is Verasity used for?
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.