Verasity (VRA) is a next generation video sharing protocol, based on the Ethereum blockchain. The project aims to create a transparent and fair system for advertisers and developers to gain value over ad spend. One of the major problems addressed by the token in ad and NFT based frauds, which are prevalent in video and media industries. VRA token offers users a patented Proof-of-View system that resolves issues related to video advertising and NFT fraud. Following its Huobi listing on 21 January, VRA token made waves on Friday.
VRA/USDT Drops in Value As Trading Volume Appreciates By 250%
Huobi opened VRA spot trading (VRA/USDT) at 5:00 UTC if its deposit volume meets market demand. Although trading will begin on Friday, withdrawals will not begin until 22 January 13:00 (UTC). Despite the announcement, the market sentiment was little improved as it fell by 8%. Although the price was down, the volume was up 250% in the past 24 hours despite the price drop. With its VeraPlayer video entertainment platform, VRA is expected to boost the esports industry and online gaming community.
VRA Token Market Cap & 2022 Price as Crypto Market Remains Volatile
Based on CoinMarketCap, the VRA token traded at US$0.025695 with a 24-hour trading volume of US$85,452,246. Verasity shares were down by 4.86% over a day at the time of drafting, with a live market cap of US$114,863,007 and 4,470,185,346 VRA coins in circulation. With Verasity, esports fans could be able to connect with the crypto industry, boosting revenues for esports advertisers. The token’s performance remains to be seen, and the crypto market’s hyper volatility looms large.
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