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Verasity Breaks Through All-Time-High

By Konstantin KaiserCryptocurrencyOct 26, 2021 02:30AM ET
Verasity Breaks Through All-Time-High
By Konstantin Kaiser   |  Oct 26, 2021 02:30AM ET
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The cryptocurrency market is thriving. While Bitcoin has risen twenty-fold from the last bottom to all-time-high, some cryptocurrencies like Verasity (VRA) appreciated more than six times of Bitcoin in less than a year.

Verasity monthly chart.
Verasity monthly chart.

Verasity has just established a new all-time high, and with that, it has risen more than 16,253% in 2021. In comparison, Bitcoin only increased 134% in 2021, less than one-twelfth of Verasity's growth.

Verasity weekly chart.
Verasity weekly chart.

After breaking its previous all-time high at $0.056, Verasity surged to $0.728. Verasity's next significant resistance at the Fibonacci level is at $0.085, and if broken bullishly, it could reach $0.18, where VRA finds another significant resistance.

Verasity's trend is currently bullish, and there is a good chance that Verasity will break through resistance. Moreover, neither the MACD nor the RSI is showing bearish signals.

Verasity daily chart.
Verasity daily chart.

The daily chart of Verasity provides even more bullish arguments as it formed a golden crossover weeks ago, marking the beginning of a major uptrend.

While the RSI remains neutral, the MACD shows bullish ticks on the histogram.

With a fully diluted market cap of only $400 million, Verasity is comparatively small, which means there is still plenty of room for growth.

VRA is listed on exchanges like Bittrex, KuCoin, Gate, and OKEx. One can also find it on 1INCH and Uniswap.

Verasity Breaks Through All-Time-High

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Verasity Breaks Through All-Time-High

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