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Highlights
- Built on top of the Ethereum platform, Verasity crypto (VRA) is the next-gen video and content sharing platform aimed at creating a fair system for the creators to earn from their work.
- On Tuesday, the Verasity token was witnessing a good run on the market as it was up by over 13%, with a volume gain of over 300%.
- On 31 May, the Verasity crypto was trading at US$0.007981 with a trading volume of US$3,88,17,874 over a day, according to CoinMarketCap.
Built on top of the Ethereum platform, Verasity crypto (VRA) is the next-gen video and content sharing platform aimed at creating a fair system for the creators to earn from their work. Using the proof-of-value (PoV) consensus, the Verasity crypto offers multiple use case scenarios, similar to gaming platforms such as PUBG, etc.
Due to this, PoV prevents the illicit actors from manipulating the system with view counts and its audience metrics. Therefore, the numbers reflected are based on the views and not by manipulation. According to the project’s whitepaper, the VRA crypto mission is to increase not just the engagement, but also the advertising revenues for video publishers.
On Tuesday, the Verasity token was witnessing a good run on the market as it was up by over 13%, with a volume gain of over 300%.
Related read: Why DODO (DODO) crypto is catching investors’ attention?
Why is it making Verasity crypto rally?
The Verasity crypto is rallying on the back of its Bitfinex listing on 30 May. With the listing, Verasity will leverage the Bitfinex Pulse newscast service, enabling it to share the latest protocol developments with vast Bitfinex community members. The project has been pretty active on the cryptosphere, and the listing comes just weeks after its announcement of the NFT marketplace, the VeraVerse.
Although the listing will take place on Monday, Bitfinex will only open the deposits from 1 June, and the trading is expected to commence on 7 June.
Besides Bitfinex, the token was listed on the KuCoin exchange and with the trading opening in the pairs of VRA/USDC on 30 May.
Related read: Can this minor rally end NEXO’s bear run?
How is the Verasity crypto token faring?
The 491-ranked token has had a good week so far, enjoying a rally of over 1.1% in the past week, according to CoinGecko. On 31 May, the token was trading at US$0.007981 with a trading volume of US$3,88,17,874 over a day, according to CoinMarketCap. The Verasity crypto was up by 13.45%, with a live market cap of US $3,56,77,463 and 4,47,01,85,346 VRA coins in circulation.
The volume saw a significant spike as it was up by 330.96% in the past 24 hours suggesting the Bitfinex listing coupled with the KuCoin one has interested investors.
The rally has cut down on some of the losses the token suffered earlier this month. The rally has brought cheers, but at the same time, investors will be cautious to enter crypto markets. As things change so rapidly here, one needs to be prepared for sudden ups and downs. One has to do their research before entering the market.
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