This article will analyze the VRA coin according to www.coinmarketcap.com data. First, we will discuss the VRA coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.
What is VRA Coin?
Verasity (VRA) is a cryptocurrency operating on a blockchain platform designed for video-based applications. It aims to disrupt the online video industry by providing a decentralized infrastructure for content creators, publishers, and viewers. Verasity utilizes blockchain technology to enhance the video economy’s transparency efficiency, and monetization opportunities .
What are the projects of VRA?
Projects of Verasity (VRA) Coin :
Video Sharing Platform: Verasity offers a video-sharing platform that rewards content creators and viewers with VRA tokens. This incentivizes the production and consumption of high-quality video content
Proof of View (PoV): Verasity has developed a patented technology called Proof of View (PoV), which verifies and tracks genuine views on videos. This helps combat fraudulent view counts and ensures fair distribution of rewards to content creators .
Esports and Gaming : Verasity has partnerships with various esports and gaming platforms, allowing users to earn VRA tokens by watching and participating in esports tournaments and gaming competitions .
Advertiser Integration : Verasity aims to integrate its blockchain technology with traditional advertising models, providing enhanced targeting, transparency, and rewards for advertisers and viewers
Factors Influencing VRA Price
Factors Influencing the Verasity (VRA) Coin Price :
The price of Verasity (VRA) coin can be influenced by several factors, including :
Market Demand: The overall demand for Verasity’s platform and services, including the adoption of the VRA token by content creators, viewers, and advertisers, can impact its price .
User Growth and Engagement : The number of users actively participating in the Verasity ecosystem, creating and consuming content can influence the coin’s price. Higher user engagement and growth generally indicate a stronger market demand for VRA
Partnerships and Integrations: Collaborations with prominent brands, content creators, platforms, and strategic partnerships can positively impact the perception and adoption of Verasity’s technology, potentially leading to an increase in its price .
Market Sentiment : General market sentiment and trends within the cryptocurrency market can also impact the price of Verasity (VRA) coin. Factors such as overall market volatility, regulatory developments, and investor sentiment toward cryptocurrencies can affect its price
Technological Developments : Upgrades, advancements, and successful implementation of Verasity’s technology, such as improvements in the Proof of View (PoV) system or new features, can positively influence the coin’s price by increasing confidence in the Project .
It’s important to note that cryptocurrency prices are highly volatile and can be influenced by a wide range of factors. It’s advisable to conduct thorough research and consider multiple factors before making any investment decisions
VRA COİN TECHNICAL ANALYSIS
After seeing its historical high of $ 0.0874 in November 2021, VRA dropped 97.50% by the end of 2022, down to $ 0.0021. Although it went up to $ 0.0116 with the purchases in the market in February 2023, it is currently trading at $ 0.0052. According to www.coinmarketcap.com data, VRA has a size of $54,325,895 and has had a volume of $10,151,144 in the last twenty-four hours .
VRA Coin Chart Analysis
After testing its historical peak price of $0.0874 in November 2021, the VRA coin started to decline and fell by 97.50% to $0.0021 by the end of 2022. VRA, which rose to $ 0.0116 with the purchase in the market in February 2023, is currently traded at $ 0.0052. When we examine the weekly chart, we see that the VRA coin started to rise at the beginning of 2023 testing the weekly resistance of $ 0.0098 and falling to the support of $ 0.0041. As it closes weekly above $0.0041, the VRA coin may again target the $0.0098 resistance. If it breaks below the $0.0041 support, it could retest the $0.0021 support .
This article does not certain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.
