Zameer Attar
Verasity (VRA), an emerging open ledger ecosystem, is making strategic moves to benefit its community. Recently, the project executed one of the most significant token burns in the crypto industry, involving a staggering 10 billion VRA units. This remarkable decision saw the company destroy 50 percent of its strategic reserve tokens to increase value to its token holders. Additionally, Veracity has reported significant momentum in its core business.
“Verasity no longer required the 10 billion strategic reserve tokens following the commercial success of its anti-bot advertising technology offering, powered by its patented blockchain technology, ‘Proof of View’,” the company stated.
Renowned digital asset analyst Andrew Crypto provides insights into the bullish price action of Verasity (VRA), even after a remarkable 56 percent surge over the past two weeks. According to him, $VRA enthusiasts need to maintain a steady price above $0.0058 in the coming days, which could potentially lead to a 43 percent rally. Furthermore, Andrew Crypto underscores that VRA enjoys robust support at approximately $0.0037, which has prevented the altcoin from revisiting bear market lows.
What Lies Ahead for this Low Cap Altcoin?
Verasity boasts a promising business model that could scale to billions of dollars in the coming years, particularly as more individuals embrace the Web3 industry. Having weathered the challenging 2022/2023 crypto bear market, Veracity (VRA) finds itself in a favorable position to revisit its all-time high (ATH) shortly.
