{"id":327216,"date":"2021-08-19T00:30:00","date_gmt":"2021-08-18T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/3-developments-signal-that-verasity-vra-price-may-have-bottomed\/"},"modified":"2021-08-19T00:30:00","modified_gmt":"2021-08-18T21:30:00","slug":"3-developments-signal-that-verasity-vra-price-may-have-bottomed","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/3-developments-signal-that-verasity-vra-price-may-have-bottomed\/","title":{"rendered":"# 3 developments signal that Verasity (VRA) price may have bottomed"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a407a5e13412\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a407a5e13412\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/3-developments-signal-that-verasity-vra-price-may-have-bottomed\/#Community_activity_adds_a_use_case\" >Community activity adds a use case<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/3-developments-signal-that-verasity-vra-price-may-have-bottomed\/#NFTs_integrate_with_the_proof-of-view_protocol\" >NFTs integrate with the proof-of-view protocol<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/3-developments-signal-that-verasity-vra-price-may-have-bottomed\/#Staking_options_decrease_VRAs_circulating_supply\" >Staking options decrease VRA&#8217;s circulating supply<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># 3 developments signal that Verasity (VRA) price may have bottomed <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were\u00a0hit even harder,\u00a0with some tokens seeing declines of up to 90%.<\/p>\n<p>One project whose native token price <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to have bottomed out after an 87% decline from its all-time high is Verasity, an e-sports-focused blockchain protocol focused on increasing engagement and advertising revenues for video publishers.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/VRAUSD\/\">TradingView<\/a> shows that after declining from a high at $0.0558 on April 17 to a low of $0.0073 on July 20, the price of Verasity&#8217;s VRA token has rallied 230% to an intraday high at $0.024 on Aug. 17 as its 24-hour trading volume steadily increases.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/419a21d5-8c4e-423d-a58f-9e32e7578b8c.png\"><figcaption style=\"text-align: center;\"><em>VRA\/USD 1-daychart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/VRAUSD\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Three reasons the price of VRA may begin to climb higher after its recent low include an active community, the addition of NFT language to the protocol&#8217;s proof-of-view patent for fraud prevention and attractive staking rewards that incentivize tokenholders to remove their coins from circulation. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Community_activity_adds_a_use_case\"><\/span>Community activity adds a use case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An active community of supporters is one of the best assets a cryptocurrency project can have, as they can help drive significant integrations and attract new partnerships to the ecosystem. <\/p>\n<p>The Verasity community recently voted to integrate VRA as a form of payment on Shopping.io, a crypto e-commerce website that allows users to make purchases from numerous online retailers including Amazon and eBay. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Congratulations VERASITY to be winning coin of operation coinmaker<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24VRA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$VRA<\/a> will be integrated as a form of payments on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/evdeNNkkr7\">https:\/\/t.co\/evdeNNkkr7<\/a>!<\/p>\n<p>Verasity holders will be able to purchase items from amazon, eBay, Walmart and etsy using <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24VRA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$VRA<\/a> token!<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/SPI?src=hash&amp;ref_src=twsrc%5Etfw\">#SPI<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GSPI?src=hash&amp;ref_src=twsrc%5Etfw\">#GSPI<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/CryptoEcommerce?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoEcommerce<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/AzTcXiJUqE\">pic.twitter.com\/AzTcXiJUqE<\/a><\/p>\n<p>\u2014 Shopping.io (@shopping_io) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/shopping_io\/status\/1422553108178157571?ref_src=twsrc%5Etfw\">August 3, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Now, content creators who earn VRA can spend their earnings at their favorite e-commerce websites instead of having to first trade them for another currency. <\/p>\n<p>This adds a new use case to the VRA token and helps to increase token velocity. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"NFTs_integrate_with_the_proof-of-view_protocol\"><\/span>NFTs integrate with the proof-of-view protocol<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another significant development from Verasity has been its proof-of-view protocol, which was originally developed to allow users to differentiate between real and fake views on the blockchain and was subsequently granted a United States patent. <\/p>\n<p>Since launching, the use cases for proof-of-view have increased, and the Verasity team extended the original patent to include nonfungible tokens (NFT), one of the fastest-growing sectors in the financial <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> sector. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&amp;ref_src=twsrc%5Etfw\">#NFT<\/a> sales exceeded $250M in the last 12 months.<\/p>\n<p>NFTs market cap growth has exceeded 1,785% in 2021 as demand explodes. <\/p>\n<p>Who&#8217;s looking at preventing fraud? We are, with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ProofOfView?src=hash&amp;ref_src=twsrc%5Etfw\">#ProofOfView<\/a> <\/p>\n<p>Learn how: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vd1KLYGIiD\">https:\/\/t.co\/vd1KLYGIiD<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#Blockchain<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFTCommunity?src=hash&amp;ref_src=twsrc%5Etfw\">#NFTCommunity<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/1KoC8CDdxA\">pic.twitter.com\/1KoC8CDdxA<\/a><\/p>\n<p>\u2014 Verasity (@verasitytech) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/verasitytech\/status\/1418533853988200452?ref_src=twsrc%5Etfw\">July 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The addition of NFTs to the proof-of-view protocol has the potential to bring a new level of fraud prevention to the popular sector, as well as to bring new users to the Verasity platform. <\/p>\n<p><strong><em>Related<\/em><em>: <\/em><em>NFTs are a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> changer for independent artists and musicians<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Staking_options_decrease_VRAs_circulating_supply\"><\/span>Staking options decrease VRA&#8217;s circulating supply<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third factor putting positive pressure on the price of VRA is the attractive staking rewards offered to users who lock their tokens on the protocol. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Verasity offers more than just big <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/staking?src=hash&amp;ref_src=twsrc%5Etfw\">#staking<\/a> rewards. Verasity offers an innovative solution for publishers and advertisers to eliminate fraud and fake views. Verasity offers large scale partnerships with names like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/HUYA?src=hash&amp;ref_src=twsrc%5Etfw\">#HUYA<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/RiotGames?src=hash&amp;ref_src=twsrc%5Etfw\">#RiotGames<\/a> with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/EsFightClub?ref_src=twsrc%5Etfw\">@EsFightClub<\/a>.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/pvLtbhfCUy\">https:\/\/t.co\/pvLtbhfCUy<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/c7OByhexCV\">pic.twitter.com\/c7OByhexCV<\/a><\/p>\n<p>\u2014 Verasity (@verasitytech) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/verasitytech\/status\/1421493354769129474?ref_src=twsrc%5Etfw\">July 31, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Staking tokens on the network is a benefit to the protocol because they are used as part of the consensus mechanism that helps keep the network functioning properly. Similar to most staking platforms, stakers receive rewards in exchange for removing tokens from the circulating supply. <\/p>\n<p>VRA holders can currently earn a daily yield of 0.07%, which amounts to an annual yield of 25.55% if they stake their tokens on the network. The current reward capacity is 2,500,000,000 VRA, or 24% of the total circulating supply. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/3-developments-signal-that-verasity-vra-price-may-have-bottomed\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 3 developments signal that Verasity (VRA) price may have bottomed &#8221; The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were\u00a0hit even harder,\u00a0with some tokens seeing declines of up to 90%. One project whose native token price appears to have bottomed out after an 87%&#8230;<\/p>\n","protected":false},"author":1,"featured_media":327217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvZjYwMmJlMTMtN2ZjMi00MjIxLThkYjMtYjllZjhiYjcwYzMwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,95118,79526,74889,74876,73785,70588],"class_list":["post-327216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-nft","tag-patent","tag-payments","tag-proof-of-stake","tag-markets","tag-video"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/327216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=327216"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/327216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/327217"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=327216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=327216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=327216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}