- VRA, with its nearly 3,000,000 tweets, was the most popular trending CT on Tuesday morning. Render(RNDR), PepePEPE and XRP(XRP) were also in the top five.
- Verasity is a blockchain platform that aims to revolutionise video advertising.
- VRA’s price was trading at $0.0044, up around 3%.
In the past 24 hour, Verasity’s (VRA) value has risen by around 3% as bulls aim to push this price above $0.004. Trading volumes have increased 28% over the same period due to demand. VRA valued at $5.6 Million has been traded across exchanges.
VRA, a cryptocurrency with a total supply of 10 Billion tokens is valued at $45.6 Million.
As Verasity prices test key resistance levels, it’s important to note that the coin is still more than 94% below its November 2021 highs of $0.086. Bulls are trying to ride the current sentiment and reach recent highs at $0.008.
VRA Trends with Nearly 3 Million Tweets
Verasity is a blockchain platform that wants to revolutionize the video industry. It aims at solving problems such as ad fraud and low engagement.
As of Tuesday morning, 3 am ET, VRA had nearly 3,000,000 tweets trending. VRA was the most popular cryptocurrency on CT, ahead of Render(RNDR), Pepe(PEPE), and XRP (XRP).
One observation about the VRA Twitter trend today.
👀 $VRA is trending 🔥🔥🚀🚀🚀nearly to 3M #Verasity #PoV #VRA #adfraud@verasitytech @Vera_Views pic.twitter.com/SaHdDUGTeX
— CryptoAnalyst 🥇 (@RakeshLovesY) May 23, 2023
Part of the excitement is Verasity’s growing impact on the ads market, with the platform featured in a Binance Research article that highlighted its artificial intelligence and machine learning powered capabilities.
Verasity is a company that wants to drive the future of advertising, as CoinJournal has highlighted in an article.
VeraViews offers its patented Proof-of-View(PoV) to companies. This technology combines artificial intelligence (AI), Blockchain, and gaming mechanics to ensure that ad views are not fraudulent. VeraViews’ Watch and Earn feature allows advertisers to reward real viewers for their attention.
Our AI & ML based Systems Give 4/14% #VeraViews The ability to detect bots and anomalies at scale. 🤖
These technologies can analyse large amounts of advertising campaign data and identify patterns & behaviours that are abnormal, giving vastly more accurate campaign statistics…
— Verasity (@verasitytech) May 22, 2023
Verasity’s demand is increasing as partnerships look to expand VRA to other ecosystems like the metaverse and the NFTs. The number of Twitter followers, which stands at 295k currently, is another indicator.
Can bulls benefit from the verasity price?
VRA’s price has struggled to break free of an ever-tightening range since it fell from its April highs. After recent pullbacks and retests, the token has reached oversold levels.
On the daily chart it can be seen that VRA/USD bounced off of a long-term support level of $0.0043. Bulls can take advantage of the current sentiment to push VRA higher. The price will target $0.0050, a former resistance line that has now become a support level. The next hurdles will be $0.0058, and $0.0064. These are the 50-day and 100-day moving averages.
Verasity may continue its downward trend towards the primary support level of $0.0035. If the price continues to fall, sellers could aim for $0.0021. This would be a drop of more than 50% from current levels.
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