Price Analysis

VRA Price Is Raging Ahead To Surge 10X This Cycle

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Highlights

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  • Verasity announces alliance with leading NFT based game Axie Infinity for FTX GalAxie Cup 2021.
  • Popular crypto analyst gives out support and resistance zones for VRA. 

   The crypto industry is rapidly evolving towards revolutionary projects from the blockchain industry. NFTs are one of the booming sectors and several blockchains are heading towards the technology. Verasity a protocol and product layer platform for Esports and video entertainment has announced an alliance with Axie Infinity. On the other hand, Michael van de Poppe, pens the support and resistance zones for VRA.

Verasity’s Venture Into The World Of NFTs

  Verasity has made announcements of its partnerships with the leading NFT game in the industry, Axie Infinity. The alliance is for its upcoming FTX GalAxie Cup 2021, Esports tournament. The broadcasting of the event will be done by VeraEsports, where users can watch and earn.

The tournament commences on the 27th of November. The alliance could make way to several other projects. That would fuel, the platforms and the NFT space. Netizens believe the world of NFTs to be underrated, for the immense potential they hold. And the opportunities that NFTs can create for creators, developers, blockchains, and investors.

VRA Price to Munch Higher Highs!

   VRA at press time is trading at $0.075848 gaining 17.7%, while the BTC pair is up by 15.7%. The market cap of the digital asset is at about $339,708,960. The trade volumes for around the clock are around $129,690,551. VRA has spiked 30% since the previous day, which is commendable.

Michael van de Poppe enlightens the price trends of VRA with a chart. And marks the support and resistance zones, for the digital asset. The support zones for VRA are around the levels of $0.06132886. While the resistance zones lie around $0.08500000 and $0.0900000. That is crucial for VRA to rise above to higher levels. 

On the flip side, a major sell-off could lead to the fall to levels between $0.02446941 and $0.02654538. An increase in volumes can be seen in the chart, that is higher than the previous cycle. Which is generally not the case.

Collectively, the digital asset holds good potential, with its venture into the world of NFTs. The game could further influence an influx of traffic to the network. Which will empower the alliance to a greater extent. While imparting value to the booming NFT space.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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