The cryptocurrency market has been going through a tough time lately, and the Viberate token is no exception. In the past week of trading, it has lost half its value to trade at about US$0.11 per token. It seems that this will not be the case for long though, as there are signs of a potential rebound on the horizon. Two analysts are even suggesting that Viberate might reach US$1 again by 2020.
VRA Price Turns Bullish
When people hear about the term “cryptocurrency”, they usually think about Bitcoin and other altcoins. However, there are other cryptocurrencies out there as well, such as Viberate (VRA). When this cryptocurrency was launched in July of 2017, its value reached US$0.42 per token at one point. Since that time, it has lost half its value to trade at about US$0.11 per token at the time of writing. It seems that the steady decline will eventually bottom out though, as long-term VRA price predictions suggest a rebound might be on the horizon soon.
VRA price prediction: Is a rebound in sight?
The cryptocurrency market has been going through a tough time lately, and the Viberate token is no exception. In the past week of trading, it has lost half its value to trade at about US$0.11 per token. It seems that this will not be the case for long though, as there are signs of a potential rebound on the horizon. Two analysts are even suggesting that Viberate might reach US$1 again by 2020.
Viberate Price Prediction is Optimistic
The fact that VRA price prediction is bullish was suggested by a few analysts. These are Carter and Magister Advisors, who specializes in analyzing altcoins. According to Xarter, the long-term VRA forecast shows a 195% increase from its current price five years from now. It predicts that the price will reach US$1 per token by 2020 as well. Xarter is a cryptocurrency price prediction software for all coins and tokens. It uses a unique algorithm that takes into account several factors such as market cap, volume, circulating supply, and price to predict the future of each coin.
What is Viberate?
Viberate is a platform that brings together musicians and event organizers in one place. The platform uses its own cryptocurrency to reward users who contribute to the system by sharing their knowledge and helping to build a community. The token can also be used to buy tickets on the Viberate marketplace or as a reward for various actions on the platform. The company is based in Slovenia and was founded by Matic and Nejc Kodrič.
VRA Price Peak and Comeback
For a potential rebound to take effect, there would need to be at least two factors in play. The first is the actual price of VRA token itself. In the past two weeks, it has dropped in value by half, so this would need to recover before an increase is seen again. The second factor is the strength of its market. This is another coin that is quite volatile, so swings are possible of course.
