Verasity (VRA) is advancing this trading week, but according to technical analysis, this cryptocurrency remains in a bear market, and the risk of another decline is still not over.
Verasity combines all of the products into one Esports platform
Verasity is a blockchain project that aims to increase engagement and advertising revenues for video publishers on any video platform.
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It combines all of the products into one Esports platform, and it has received a US patent for its proprietary technology that helps eliminate ad fraud.
Verasity has partnered with some of the biggest names in esports, such as Tencent Games, VALORANT Challenger, PUBG Mobile, CS:GO, and Athena Gaming.
The popularity of online games is rising, and Verasity implemented Esports Fight Club and GameStore to monetize Verasity technology. RJ Mark, a successful entrepreneur and founder of Verasity, added:
We are home to one of the fastest-growing communities at the intersection of variety gaming, esports, and blockchain. We are intentional about building an international community that is currently supported in 18 languages, with more to come.
Esports Fight Club and GameStore are not dependent on Google or Facebook, or any third party and offer the opportunity to earn some extra income at a time when you are at home. Whether you play or watch esports, you can earn and redeem digital rewards that are usable in the real world.
VRA is a cryptocurrency that powers Verasity and this crypto is used as a medium of exchange exclusively for the online gaming and video economy.
Users are required to buy credits with VRA via Pay to Play or subscription membership packages, while the Verasity economy adds additional incentives to hold VRA through the VRA Staking program.
Transactions of VRA happen over the blockchain from within the VeraWallet, which has over 101,000 users and offers VRA holders a 25% per year staking option.
VeraWallet is an ultra-secure all-in-one digital currency wallet that allows you to buy VRA, redeem earned VRA, and send VRA to other wallets and exchanges.
Current support stands at $0.020
Verasity (VRA) was a bad performer during the last several months, and technically looking, it still remains under pressure.
VRA has stabilized above the current support level at $0.020, but if the price breaks it again, the next target could be at $0.015 or even below.
On the other side, if the price jumps above $0.040, the next target could be at $0.050, but traders should use “stop-loss” and “take profit” orders when opening their positions because the risk remains high.
Summary
Verasity is a blockchain project that aims to increase engagement and advertising revenues for video publishers on any video platform. Verasity (VRA) was a bad performer during the last several months, and technically looking, it still remains under pressure.
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Source: https://invezz.com/news/2022/03/29/verasity-vra-price-prediction-for-april-2022/