VaraNetwork (VARA)

VaraNetwork (VARA) Price

Rank 1613

$0.0004264
-$0.0000179(-4.05%)

Market Cap

$2.97M

24h High

$0.0004444

24h Low

$0.0004123

24h Turnover

$3.84K

Total Supply

10.00B

Market Sentiment

Neutral

Price of VaraNetwork (VARA) Today in USD

View VaraNetwork (VARA) Price Prediction

The live price of VaraNetwork (VARA) today is $0.0004264, with a 24h change of -4.05%. Over the same period, the low was $0.0004123, the high was $0.0004444, and the 24h trading volume was $3.84K. The current market cap is approximately $2.97M. It ranks #1613 by market cap and accounts for 0.00% of the total crypto market cap. The all-time high was $0.2700700 (⁦2023-09-20⁩); the current price is -99.84% from the all-time high.

VaraNetwork (VARA) Price History

  • 7 Days

    -0.28%

    Low
    $0.0004123
    High
    $0.0005500
  • 30 Days

    -22.17%

    Low
    $0.0004031
    High
    $0.0008360
  • 90 Days

    +7.62%

    Low
    $0.0003665
    High
    $0.0010183
  • 1 Year

    -75.13%

    Low
    $0.0003665
    High
    $0.0022970

Fear & Greed Index

0 Extreme Fear100 Extreme Greed
Yesterday
50
Normal
Last Week
30
Fear
Last Month
71
Greed

The Fear & Greed Index is currently 28/100, in the Fear zone; change from yesterday: -22, from last week: -2, and from last month: -43. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did VaraNetwork (VARA) Fall in the Last 24 Hours?

VaraNetwork’s order book shows clear selling pressure: the top-five-level buy-to-sell depth ratio was 0.41, with about 367,000 tokens in bids versus 893,000 in asks. The largest ask made up roughly 53% of the top-five ask volume, creating concentrated supply, while the largest bid was smaller and offered limited capacity to absorb it. The combined top-five depth represented only about $500, indicating shallow liquidity in which relatively few sell orders could produce a notable price impact. Volume data was unavailable, so trading participation cannot be assessed from it. Among the technical indicators, ADX was 58.92 on the 15-minute chart and 52.76 on the 1-hour chart, pointing to a strong short-term trend. The 1-hour RSI was oversold, but moving averages remained bearish and MACD showed no crossover on any timeframe, leaving a momentum reversal unconfirmed. The order-book structure and technical signals are consistent with downward pressure, but do not alone establish its cause.

About VaraNetwork (VARA)

The Vara Network stands at the forefront of Web3 evolution, providing an environment for developers to craft decentralized applications (dApps). At its core, Vara amalgamates the prowess of the Actor Model and Persistent Memory within its architecture. The Actor Model facilitates secure, asynchronous communication through 'actors,' bolstering the network's security by ensuring state isolation and asynchronous messaging. Concurrently, Persistent Memory revolutionizes data handling by allowing each program's complete state to reside in dedicated memory spaces, simplifying development and closely emulating real-life operating systems. This innovative combination amplifies network efficiency and security, setting Vara apart as a platform for building next-gen dApps.

Use Cases and Features

VARA is the native token of Vara Network. Vara is an independent Layer 1 network built on Gear Protocol for running decentralized applications; holders can use VARA to pay transaction fees for transfers and smart-contract interactions, and can support validators through staking to help maintain network security. VARA is also used for on-chain governance: holders can vote or delegate their votes to participate in network upgrades and rule decisions. Network documentation labels it as being in the Beta stage, so potential technical risks should still be considered when using applications.

Supply and Issuance Mechanism

VARA's initial total supply is 10 billion tokens. The network incentivizes validators and their nominators through block rewards, and new issuance varies with participation by stakeable tokens. In the initial allocation, team, advisor, and investor tokens are each locked for 12 months before unlocking linearly according to their respective schedules; the network also designed an inflation-offset pool to offset part of reward issuance by burning tokens.

How to Buy and Use VaraNetwork (VARA)

More VARA Articles

How to Buy

Buy in just four steps (Log in -> Verify -> Purchase -> Receive crypto)

Log In
Verify
Trade
Receive Assets

Related Markets

Spot
VARA/USDT
Trade

Frequently Asked Questions About VaraNetwork (VARA)

What is VARA?

x

What is VARA used for in the network?

x

How does staking VARA help the network?

x

Can holding VARA participate in governance?

x

How is VARA issued and unlocked?

x

Do network rewards affect VARA supply?

x

What are the characteristics of program execution on Vara?

x

What should be noted when using VARA?

x

Risk Disclosure

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

The information provided on this page is for general reference only and does not constitute any form of investment, financial, legal, tax, or trading advice, nor does it constitute any offer, solicitation, or recommendation. Gate makes no representations or warranties regarding the accuracy, completeness, or timeliness of the relevant information and assumes no liability for any losses arising from users' own decisions based on such information. Gate products and services may be restricted in certain jurisdictions or for certain users. Before using the relevant services, please ensure compliance with applicable laws and regulations, and refer to the User Agreement for provisions regarding restricted regions and service limitations.