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Video Streaming has full-grown leaps and bounds all told these years. Texts are replaced by pictures, and pictures are replaced by GIFs. Blogs became an issue of the past, with vlogs, podcasts, etc., substituting them.
People flee to Youtube or similar channels for fast video illustrations instead of outlay time reading blogs/articles. It has resulted in video streaming accounting for the bulk of web traffic, so changing into a severe revenue contributor of the web business. There's virtually an associate degree explosion of video content online!
Why Decentralization of the Video-Streaming Industry Is Crucial?
The storage, networking, delivery, etc., are distributed by centralized cloud servers that are units hosted by bigwigs like Amazon (AWS) or Google (Cloud).
These firms have earned enormous amounts to take advantage of this sector. Also, developers and publishers of those platforms garbage down a substantial quantity as profit-sharing, creating these two, the only dominant house owners of the content and its streaming.
However, creators and users each will be part of the Blockchain network while not interfering with any intermediate controller. Content creators themselves will broadcast their content on the network, that once affirmation and agreement amongst the opposite nodes/miners, will directly be received by the customers. It entirely eliminates the requirement for a middle agent, just like the publisher or the content supplier.
Blockchain-based mainly video streaming helps content creators gain direct access to the revenue generated via the platform. It will give a video-on-demand basis, wherever customers solely purchase what they're fascinated by. Content creators also can build use of Blockchain's effective and secure encoding video storage system.
In addition, content creators will earn financial advantages within the type of crypto tokens or cryptocurrencies from customers, and viewers pay a subscription fee for subscribing to their favorite streamer. To boot, customers themselves will earn rewards if they want to lend excess disc space and information measures for storage and business of videos.
Verasity is one of the most effective samples of Blockchain-based mostly video streaming.
Keep reading to find out additional concerning Verasity and how it'll flip the tables within the Video business.
What Is Verasity?
Verasity may be a turbulent next-generation video-sharing platform. But, taking the most effective parts from ancient models like advertising, subscription video-on-demand, and crowdfunding, Verasity's redistributed Blockchain takes intermediaries out of the equation and keeps worth amongst the community.
Verasity is intended to liberate Creators and profit Viewers.
Verasity Features
Powered by smart video player technology that has been tested to scale to eight PetaBytes of video information per month, Verasity's video-sharing platform provides high-quality viewing expertise.
The Verasity VeraPlayer options associate degree integrated digital case that allows seamless microtransactions directly between Viewers and Creator's exploitation VERA Tokens. Additionally, amongst Verasity's systems, Viewers are rewarded for observation and sharing content in VERA.
If Viewers favor watching ads, they'll earn more and be paid directly by advertisers. Creators are a unit awarded directly by Viewers with donations and paid to unlock videos (pay-per-view) or paid subscriptions. However, they require legalizing or devaluing individual videos. They decide what's suitable for their audience instead of having to adopt a one-size-fits-all model.
Verasity's patent unfinished Proof of reading (PoV) technology aims to notice pretend views and bots and manipulate audience metrics. PoV ensures that the only real views area unit counts all recommendations, content emergence, and advertising metrics area unit correctly. Thus, on Verasity views have actual worth.
Finally, creators will use the innovative 'Spark Marketplace' to accelerate channel growth. The users get and hold 'VeraSparks' then receive a share of a channel's ongoing success in VERA Tokens.
Verasity's Token Distribution
Verasity targets a 6,245,750,000 (50%) VERA hard cap (between private and public sale) and Soft Cap 400,000,000 VERA.
There will be 12,491,500,000 total VERA within the supply, broken down as follows:
7.5% Advisors, 2.5% Referral Program, 1% Stabilization Fund,
20% Team, 19% Foundation, 50% Community Investors
Price Analysis of VRA Token
Flashback: Fundamental Analysis of VRA
Today's current price of one Verasity coin is $0.05381, with a 24-hour trading volume of $72 Million. VRA coin price has been down 1.50% in the last 24 hours.
The current CoinMarketCap ranking is #195, with a live market cap of $549 Million. It has a circulating supply of 4.47 Billion VRA coins and the max. supply is 10,356,466,695.
Technical Analysis of VRA
Source - https://www.tradingview.com/x/fNMBWc6E/
As per the daily Heiken Ashi Chart, the VRA coin price retests the bullish breakout of the previous high near the $0.05 mark. Hence, a bullish rally is plausible upon successful retest until $0.10 by this year's end.
Furthermore, the 200days EMA indicates a bull run in action from January 2021 if we ignore the pullback in June and July.
In the past year, VRA coin prices projected exceptionally bullish growth. For example, in January 2021, the VRA coin price was trading at near $0.00072. And, as of printing time, the coin price is trading at $0.05381. Thus, resulting in a humongous growth of 7373.61%.
Hence, due to the strong past performance and solid fundamentals, we can observe immense growth in the future for Verasity cryptocurrency.
Into The Block
As per The Block, the overall sentiment for Verasity coin is bullish. The bullishness of a 12% increase in large transactions, 0.56% growth in smart price, and a 450% boom in Bid to Ask Volume Imbalance belittle the 0.26% fall in the Net Network growth.
CoinMarketCap
The number of addresses holding the VRA token increased exponentially over the past few months. From less than 30K holding addresses in August to more than 41K addresses indicate a bullish boom.
Let us now look at the future Verasity price prediction.
Verasity (VRA) Price Prediction 2021
Upon successful retest of $0.05 level, we can observe a growth till $0.075 or even $0.10 mark by December 2021.
Verasity (VRA) Price Prediction 2022
As the demand for decentralized video streaming platforms will increase, the coin price of VRA will also increase. Thus, it is quite possible that the price can hit the $0.15 mark by September 2022.
Verasity (VRA) Price Prediction 2023
In 2023, VRA prices can see exponential growth as the platform increases hype with new and famous influencers. Hence, the coin price can be $0.25 or even $0.30 by December 2023.
Verasity (VRA) Price Prediction 2024
If we talk about 2024, we will witness a massive surge in its value by the end as the platform becomes more and more mainstream. This token can be invested at any time that suits your budget. The price of the token will reach $0.40 this year.
Verasity (VRA) Price Prediction 2025
VRA coin has considerable potential and could dominate a significant part of the crypto market. Therefore, by 2025, the VRA coin price could reach $0.50 or even higher.
Verasity (VRA) Price Prediction: Market Sentiment
The price analysis of VRA coin by various media outlets is listed in the section below-
Wallet Investor
WalletInvestor is exceptionally bullish on Verasity for the upcoming years. The VRA price prediction for 2026 October is above the $0.25 mark.
Trading Beasts
Trading Beasts predicts that the Verasity price will reach $0.16 by the end of 2024.
Digital Coin Price
Digital Coin Price predicts that the Verasity price will have a bullish future. VRA coin will reach $0.20 by the end of 2026. And by 2028, a single VRA token can have a value equivalent to $0.25.
Price Prediction
As per PricePrediction.net, the VRA coin price will approximately hit the high of $0.20 by the end of 2025.
Our Verasity (VRA) Price Prediction
Verasity can prove itself to be a high-return investment because its token is practical and potentially profitable. Moreover, it could produce tangible profits by rewards wagered on VeraWallet.
Today, there is a plethora of popular, well-known cryptocurrencies in the market, but only after social media influencers intensively promote a token for publicity will it obtain commercial worth and worthiness.
The past year's growth gives a robust platform for a bull run in the upcoming years. Hence, we can expect the price to show phenomenal returns in the next couple of years.
However, before you invest in crypto assets, we recommend doing your research.
Conclusion
Hype-men have a remarkable capacity to determine possible Verasity clients on social media platforms such as Youtube, Twitter, and Reddit. So far, it seems like the hype paid off.
The spendthrift and intensive advertisement gave Verasity a unique chance of being more prosperous in the future. As more numerous cryptocurrency exchanges list Verasity, we foresee a notable price increase due to the heightened demand.
Verasity is worth investing in because it has the potential to give high returns in the future, but waiting too long to buy might result in missing the opportunity.