Verasity (VRA) price prediction for July 2022

Verasity (VRA) has weakened from $0.0079  to $0.0044 since June 01, 2022, and the current price stands at $0.0052.

The cryptocurrency market is losing value this Tuesday, Bitcoin is trading very close to the support level at $20,000, and if you decide to buy VRA in the upcoming days, you should consider that it can weaken even more.

Verasity is a blockchain project that helps to eliminate ad fraud across video advertising channels and aims to increase advertising revenues for video publishers.

Last year, advertising spending reached $455 billion worldwide, and by 2024, it’s estimated that it will be over $645 billion.

However, to date, more than 40% of this ad spend is lost to ad fraud, and there are over 2 million video publishers struggling with the problem that brands no longer want to pay as much for their ad space.

This is happening because billions of dollars in advertising spend are consumed by bots, not humans, and big brands have no reason to believe that humans are actually watching their ads.

Verasity aims to solve this problem because its patented Proof of View technology detects and eliminates ad fraud and records genuine human views of ads and video content. The Proof of View technology also prevents the multiple methods bad actors may try to manipulate view counts and audience metrics. The team of Verasity said:

Brands are typically willing to pay 5 to 10 times more if they are convinced that ad fraud levels are low. With Verasity, advertisers don’t need to be convinced, as viewership can be immutably and transparently proved on the blockchain.

Verasity has received a US patent for its proprietary technology that helps eliminate ad fraud, and it is also important to mention that all of Verasity’s market-leading ad tech products are combined into one Esports platform called VeraEsports.

VeraEsports secures rights to exclusive Esports tournament broadcasts and enables Verasity to make Esports content available to content broadcasters worldwide.

VRA is a cryptocurrency that powers Verasity and this crypto is used as a medium of exchange exclusively for the online gaming and video economy. VRA is also used to incentivize network participants, and transactions of VRA happen over the blockchain from within the VeraWallet.

Verasity (VRA) was a bad performer during the last several months, and technically looking, it still remains under pressure.

The current support level stands at $0.0050, and if the price falls below it, the next price target could be at $0.0040 or even below.

Verasity is a blockchain project that helps to eliminate ad fraud across video advertising channels and aims to increase advertising revenues for video publishers. Verasity (VRA) is currently trading more than 80% off from its 2022 highs, and if you decide to buy this cryptocurrency in July, you should consider that the price can weaken even more.

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Algorand (ALGO) price analysis for July 2022

Algorand ALGO/USD has weakened from $0.42 to $0.27 since the beginning of June, and the current price stands around $0.35.

Algorand is a proof-of-stake (PoS) blockchain with a mission to create a world where everyone exchanges value transparently, efficiently, and securely. This project was created by computer scientist Silvio Micali and was officially launched in 2019.

Algorand can execute thousands of transactions per second and has technology that eliminates barriers to prosperity for all. In this way, Algorand reduces the time it takes transactions to be deemed final on its network, and it is important to mention that its code can be cloned, copied, and used on other blockchains.

Algorand also enables the simple creation of next-generation financial products, including tokens, NFTs, stablecoins, securities, and currencies.

Algorand has experienced tremendous growth in its user activity in a very short time period, and it has become the official blockchain platform of FIFA. FIFA Chief Business Officer Romy Gai said:

This agreement is an exciting moment for FIFA, as it officially enters into the world of blockchain and the opportunities this presents across various applications. At FIFA, we must constantly strive to identify and explore the most cutting-edge, sustainable, and transparent means of increasing revenues to continue to support global football development.

As part of the agreement, Algorand will assist FIFA in further developing its digital assets strategy, and this proves the potential of what Algorand blockchain can achieve in the future.

Algorand will be a FIFA World Cup Qatar 2022 supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023 official sponsor.

Algorand tokens have the symbol ALGO and to interact with this proof-of-stake (PoS) blockchain, you should use ALGO tokens. ALGO is currently down more than 70% from the highest price level in 2022, and if you decide to buy this cryptocurrency in July 2022, you should consider that the price can weaken even more.

The cryptocurrency market remains under pressure, the price of Algorand (ALGO) is trading below $0.40, and probably it is not the best moment to buy this cryptocurrency.

The important support levels are $0.25 and $0.20, $0.60, and $1 represent strong resistance levels. If the price falls below $0.25 in July, it would be a strong “sell” signal, and the next target could be a support level at $0.20.

Falling below $0.20 supports the continuation of the bearish trend, and we have the open way to $0.15 or even below. On the other side, if the price jumps above $0.60, it would be a strong “buy” signal, and we have the open way to $0.80.

The last several months have been extremely taff for Algorand (ALGO), and according to technical analysis, the risk of further decline is not over. Falling below $0.20 supports the continuation of the bearish trend, and we have the open way to $0.15 or even below.

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