Why is Verasity (VRA) crypto rising?

March 09, 2022 02:10 AM AEDT | By Raza Naqvi

Why is Verasity (VRA) crypto rising? — Image source: © Bravissimos | Megapixl.com

What is Verasity crypto?

As per the official website, Verasity is a platform to enhance the engagement and monetize the content of video publishers. It was started in 2018, and Verasity claims to create a fair earnings system for creators and advertisers.

The platform has a proof-of-value protocol, and Verasity's pro-gaming streaming platforms features esports tournaments. VRA is the native token of the platform, and it can be used to reward users for watching, winning, and subscribing.

According to the protocol's whitepaper, Verasity is growing rapidly across esports, video, and advertising sectors. Also, it has received a US patent for developing a technology to eliminate advertisement fraud.

Also Read: Why Waves (WAVES) crypto rallied around 100% in a month?

The VRA crypto's price surge could be due to the Twitter announcement by Verasity in which it wrote that Bithumb, one of the largest digital assets platforms, has terminated its investment warning for VRA crypto on March 8.

According to CoinMarketCap data, Verasity's watch and earn software development kit (SDK) is being integrated by at least 2 million content creators, each of which has a total website audience of 550 million views per month.

Verasity rewards viewers for holding the VRA crypto, which could encourage them. Also, rewarding viewers may increase demand for VRA across many enterprises and individual users.

Bottom line

The VRA crypto has returned 442.8 per cent since the past year, and its all-time high was US$ 0.08683 per token on November 1, 2021. Meanwhile, the all-time low was US$ 0.000217 apiece on May 17, 2019.

Verasity (VRA) crypto is listed on cryptocurrency exchanges like Huobi Global, KuCoin, Gate.io, OKX, and BingX. It is important to note that digital currencies are highly volatile, and proper evaluation is required before investing.

Also Read: Why did Star Wars Cat (SWCAT) crypto soar over 2600%? Is it a scam?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.