- Bullish VRA price prediction for 2023 is $0.00560856 to $0.00803127.
- Verasity (VRA) price might reach $0.008 soon.
- Bearish VRA price prediction for 2023 is $0.00311959.
In this Verasity (VRA) price prediction 2023, we will analyze the price patterns of VRA by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency.
Verasity (VRA) Current Market Status
| Current Price | $0.004911 |
| 24 – Hour Trading Volume | $15,900,202 |
| 24 – Hour Price Change | 14.97% Up |
| Circulating Supply | 10,305,680,354 |
| All – Time High | $0.08683 (On November 01, 2021) |
What is Verasity (VRA)?
VRA is the native cryptocurrency of the Verasity platform. Verasity is an esports, video entertainment, and digital content management protocol and product layer platform. VRA token is a digital currency designed specifically for value exchange and transfer in the global esports, gaming, NFTs, and video economy. VRA tokens can be staked as part of Verasity’s VRA staking program and used as rewards for participating in the VRA network’s activities.
Verasity (VRA) Price Prediction 2023
Verasity (VRA) ranks 351st on CoinMarketCap in terms of its market capitalization. The overview of the Verasity price prediction for 2023 is explained below with a daily time frame.
In the above chart, Verasity (VRA) laid out a descending Channel Pattern. Descending Channel Pattern also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
At the time of analysis, the price of Verasity (VRA) was recorded at $0.00469548. If the pattern trend continues, then the price of VRA might reach the resistance levels of $0.00483323, $0.00535524 and $0.00627852. If the trend reverses, then the price of VRA may fall to the support of $0.00439635 and $0.00399201.
Verasity (VRA) Support and Resistance Levels
The chart given below elucidates the possible resistance and support levels of Verasity (VRA) in 2023.
From the above chart, we can analyze and identify the following as the resistance and support levels of Verasity (VRA) for 2023.
| Resistance Level 1 | $0.00560856 |
| Resistance Level 2 | $0.00803127 |
| Support Level 2 | $0.00415948 |
| Support Level 1 | $0.00311959 |
As per the above analysis, if Verasity’s (VRA) bulls take the lead, then it might hit and break through its resistance level of $0.00803127.
Conversely, Verasity’s (VRA) bears dominate the trend, the price of VRA might plunge to $0.00311959.
Verasity (VRA) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Verasity (VRA) are shown in the chart below.
The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment.
At the time of analysis, the RVOL of Verasity (VRA) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend.
The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish).
Notably, in the above chart, the VRA price lies above 50 MA (short-term), indicating its uptrend. Hence, VRA is in a bullish state. Although this is the current state, a trend reversal might occur.
Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state.
Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal.
At the time of analysis, the RSI of VRA is at 56.08. Therefore, this indicates VRA is neither an overbought nor oversold state.
Verasity (VRA) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Verasity (VRA) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.
According to the data on the above chart, the ADX of VRA lies in the range of 26.83 pointing out a strong trend.
The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of VRA lies above 50, indicating high volatility.
Comparison of VRA with BTC, ETH
Let us now compare the price movements of Verasity (VRA) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of VRA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of VRA also increases or decreases respectively.
Verasity (VRA) Price Prediction 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Verasity (VRA) between 2024 and 2030.
Verasity (VRA) Price Prediction 2024
If bulls dominate the price momentum and trend patterns, then Verasity (VRA) might successfully test and surpass its resistance levels to hit $0.05 by 2024.
Verasity (VRA) Price Prediction 2025
The significant upgrades in the Verasity ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Verasity (VRA) price to reach $0.09 by 2025.
Verasity (VRA) Price Prediction 2026
If Verasity (VRA) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $0.1.
Verasity (VRA) Price Prediction 2027
If Verasity (VRA) sustains major resistance levels and stands as a better investment option in the market, then VRA would rally to hit $0.3
Verasity (VRA) Price Prediction 2028
If Verasity (VRA) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then VRA would hit $0.5 by 2028.
Verasity (VRA) Price Prediction 2029
If investors flock in and continue to place their bets on Verasity (VRA), then the crypto would witness major spikes. Hence, VRA might hit $1 by 2029.
Verasity (VRA) Price Prediction 2030
By 2030, the VRA price might rally to $3 if the trend momentum aligns in favor of Ripple. Furthermore, VRA would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI.
Conclusion
If Verasity (VRA) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Verasity (VRA) price prediction for 2023 is $0.00803127. Comparatively, the bearish Verasity (VRA) price prediction for 2023 is $0.00311959.
If there is a positive elevation in the market momentum and investors’ sentiment, then Verasity (VRA) might hit $0.08. Furthermore, with future upgrades and advancements in the Verasity ecosystem, VRA might surpass its current all-time high (ATH) of $0.08683 and mark its new ATH.
FAQ
1. What is Verasity (VRA)?
Verasity is a protocol layer platforms for esports, video entertainment, and digital content management.
2. Where can you buy Verasity (VRA)?
Traders can trade Verasity (VRA) on the following cryptocurrency exchanges such as Binance, Bitfinex, Bittrex, Bybit and OKX.
3. Will Verasity (VRA) record a new ATH soon?
With the ongoing developments and upgrades within the Verasity platform, Verasity (VRA) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Verasity (VRA)?
Verasity (VRA) hit its current all-time high (ATH) of $0.08683 on November 01, 2021.
5. What is the lowest price of Verasity (VRA)?
According to CoinMarketCap, VRA hit its all-time low (ATL) of $0.000217 on May 17, 2019.
6. Will Verasity (VRA) hit $0.008?
If Verasity (VRA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.008 soon.
7. What will be the Verasity (VRA) price by 2024?
Verasity (VRA) price might reach $0.05 by 2024.
8. What will be the Verasity (VRA) price by 2025?
Verasity (VRA) price might reach $0.09 by 2025.
9. What will be the Verasity (VRA) price by 2026?
Verasity (VRA) price might reach $0.1 by 2026.
10. What will be the Verasity (VRA) price by 2027?
Verasity (VRA) price might reach $0.3 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
