Verasity (VRA) has rallied over 65% in the last 24 hours. At the time of writing, VRA was trading at $0.0071 at press time and is up 150% since the past week.
Founded on May 18, 2018, Verasity (VRA) is the next generation of video-sharing aimed at creating a fair system for creators to earn from their work and for advertisers to gain value for their ad spend.
Since the start of 2023, Verasity has steadily climbed higher. The rally picked up the pace on January 10 when a base was formed at $0.002. Since then, VRA has marked 10 days out of 11 in green. Specifically, it has marked five consecutive days in green since January 16.
Today’s rise to intraday highs of $0.0077 was the biggest daily gain since then. Verasity’s rally seemed to be buoyed by technical factors as it saw a breakout above key barriers. The rally might have also been buoyed by the fact that Verasity as a project built on its successes in the previous year.
Verasity announced it has an exciting and jam-packed roadmap for 2023 that it will soon release. In 2022, Verasity inked a partnership with Nasdaq-listed marketplace Brightcove; a major video technology provider to some 3,000 publishers and over 30,000 web publishers worldwide.
Verasity’s Proof of View patent also passed the examination by the Chinese Patent Office, securing PoV’s intellectual property rights in the world’s second-largest—and fastest-growing—advertising market.
The VRA staking program was also extended through 2023, locking in VRA staking at 18.25% through to April 2023, when the next phase of staking would be announced.
In October 2022 VeraViews became an Amazon Ads Partner, officially joining the Amazon Ads Partner Program.
Having passed Amazon verification, VeraViews is listed as a tool provider in the Amazon Ads Partner Directory, offering video measurement, brand safety, advertising effectiveness, and reporting and analytics tools. Amazon Ads Partner status is based on merit and independent review following application, and cannot be paid for. Commercial success for VeraViews is now the key focus for 2023.
On-chain analytics provider, Cryptoquant has provided an analysis of five on-chain indicators that signal an early bull market.
First are the flows between spot and derivative exchanges. Bitcoin movements from spot to derivative exchanges exhibit that investors have entered “risk-on” mode, signaling the beginning of a new bull cycle.
Second, the MVRV ratio is above 1 (1.07), close to its 365-day moving average (orange line), showing that bitcoin is about to start a new uptrend.
Third, is the NUPL (Net Unrealized Profit/Loss) metric, which is the average profit margin of bitcoin holders. Like the MVRV ratio, the NUPL is close to its 365-day moving average (orange line), which could mean that bitcoin is about to start a new uptrend.
Fourth, Puell Multiple is showing a shift to a positive trend because bitcoin’s price has passed its 365-day moving average to the upside for the first time in a significant way since November 2020. CryptoQuant’s P&L Index combines the MVRV ratio, NUPL, and LTH/STH SOPR into a single bitcoin value indicator.
The PnL Index is close to giving a buying signal for BTC, which happens when the index (dark purple line) crosses its 365-day moving average (light purple line).
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