The native digital currency of the VAIOT platform is the VAI token and is a crucial part of the proper functioning of the network. Below are the main use cases of VAI tokens:
- VAI tokens can be used to pay for the services offered by the VAIOT platform.
- VAI crypto coins can be used for staking for the purpose of obtaining rewards by protecting the network.
- VAIOT crypto tokens will be used to pay bonuses once the purchase is complete.
Note that VAIOT encryption has a maximum supply of 400,000,000 VAI tokens.
Table of Contents:
What is the revenue model of the VAIOT platform?
The VAIOT platform consists of three technological elements: Blockchain, Artificial Intelligence and Intelligent Virtual Assistant. Therefore, the company decided to offer the different configurations of these technologies in two models:
- B2B Model- Here, the VIAOT offers services to various companies.
- B2C model- Here, the VIAOT platform offers open applications for direct consumers.
The range of products offered by the platform is divided into three categories (as discussed in the next section):
- Virtual AI Sales Assistant
- Virtual AI Aggregator and Broker
- Virtual AI Legal Assistant
VAIOT Price Prediction
Before predicting whether VAI Coin should rise or fall in the near future, let’s retrace its price history in recent months. Its performance in recent months can help us achieve the required context for the future. Let’s discuss:
Above is its chart for 1 year, and as we can see, the market price of the VAI coin a year ago was $0.23. So, there is a drop of more than 77.4% in its price in a year, considering its current price of $0.052. In addition, there are numerous ups and downs during the beginning of the year.
In contrast, the price of VAIOT has increased by more than 85.9% in three months (although the increase has not been consistent again), keeping in mind that its price 3 months ago was $0.0073. However, its price peaked at $0.06 during this period (as illustrated below).
The all-time highest value of VAI is $2.12 which it reached in May 2021. Subsequently, the price began to fall and is currently priced at $0.052 (again the decline has not been consistent throughout the entire period). Also, the market price of VAI a month ago was $0.0077. It means that it has since increased by more than 85%.
Note that VAI is 97.54% lower than its all-time highest price, meaning it has huge room for growth in the future.
VAIOT
Price Prediction: What Problems Does VAIOT Crypto Solve?
- VAVIOT’s AI legal assistant reduces the risk related to different contractual provisions and makes the process of accessing the legal contract template more convenient.
- Users don’t really need to have specialized knowledge to access its legal assistant and, therefore, removes the barrier of skills and knowledge among consumers.
- The immediate availability of the VAIOT platform at any time is what makes it most useful because traditional legal services do not have immediate availability.
- This AI-powered legal assistant is much more affordable than traditional legal services.
- The use of Blockchain is what makes the platform more unique and secure.
Competitor Analysis: VAIOT vs Ethereum vs Cosmos
The whitepaper states that VAIOT’s platform developed a blockchain based on the Cosmos SDK with a combined AI algorithm. Let’s take a brief look at how it differs from Ethereum and Cosmos and how Ether and Cosmos perform compared to GO.
Ethereum is enabling DApp construction quickly, otherwise difficult to build previously. However, Ethereum is known to have low scalability, low throughput, and imperfect decentralization.
On the other hand, Cosmos allows easy development of DApps and allows blockchains to communicate with each other. The Cosmos blockchain is scalable, interoperable and secure.
Let’s compare the price movements of VAI, ETH and ATOM:
| VAIOT | Ethereum | cosmos | |
| role | VAIOT combines AI technology with Blockchain to create new ways to digitally access services and transactions. | Ethereum is an open source blockchain system that enables the development of decentralized applications. | Cosmos is a blockchain platform that makes it easy and simple for developers to create DApps. |
| Performance over the last 1 year | -77.4% | -66.9% | -66.7% |
| Performance of the last 3 months | +85.9% | -10% | -28.8% |
| Trend in the last 1 month | +85% | -0.8% | -7.5% |
| Trend over the last 7 days | +55.8% | -1.2% | +4.8% |
As we can see that, despite the “not so good” condition of the cryptocurrency market this year, the VAI coin managed to outperform and show positive growth in its prices in 3 months.
VAIOT Price Prediction: VAI crypto can reach $1?
To reach a price of $1, the VAIOT crypto must grow 19.23 times considering its current market price of $0.052.
Note that VAIOT reached its all-time high price of $2.12 in May 2021, where it grew 1.22 times in just 1 month. Therefore, to reach $1, the VAI coin will take less than 16 months.
But the current market situation of liquidity and inflation is definitely not in favor of the cryptocurrency market. Therefore, it cannot reach that value within the calculated time duration. However, VAIOT can reach $1 within a few years once market conditions ease for the cryptocurrency industry.
VAIOT
Price Prediction: Will VAIOT Reach $10?
Considering VAI’s current market price of $0.12, VAI needs to grow 83.33 times to reach a $10 price level.
Since VAI grew 1.22 times in a month to reach its all-time highest price of $2.12 (as of May 2021), it will need a minimum of 68 months (less than 6 years) to reach $10.
However, it is not the only consideration. Macroeconomic conditions, including inflation and liquidity factors, also play an important role in determining the future price of cryptocurrencies and are currently not in favor of the cryptocurrency market.
So, VAI will definitely need more than 6 years to reach that value.
VAIOT Price Prediction: VAI crypto can reach $100?
To reach a $100 level, the VAI cryptocurrency needs to grow 1,923 times, taking into account its current market price of $0.052.
Since it took 1 month to grow 1.22 times until May 2021, the VAI coin takes more than 1576 months (almost 131 years) to reach a price of $100.
Therefore, reaching $100 is not an easy goal for VAIOT encryption because 131 years is too long to wait. Again, it is only possible when liquidity and other macroeconomic factors prove to be in favor of the cryptocurrency market.
So, VAIOT encryption will certainly not reach $100, unless some miracle happens.
VAIOT Price Prediction Today
| General outlook | negative |
| 1. The wisdom of the market | Partially negative |
| 1a. Market data | Partially negative |
| 1b. Technical recommendation | neutral |
| 2. The wisdom of the crowd | Partially negative |
| 2a. Buzz on social media | stable |
| 2b. Social Media Sentiment | lower |
Where can I buy VAI cryptocurrency?
The VAIOT cryptocurrency is listed on centralized and decentralized crypto exchanges; thus, users can buy VAI tokens from KuCoin, Gate.io, and Uniswap.
About the VAIOT Platform
VAIOT is a platform that has combined AI (Artificial Intelligence) technology with Blockchain to create new ways to digitally access services and transactions. The platform allows consumers and businesses to use a number of technologies called “Smart Contracts”.
Below are the three main use cases of the VAIOT platform:
- Virtual AI Legal Assistant- With the VAIOT platform, users get faster and more convenient legal services where VAIOT’s AI legal assistant automates the basic legal process and, therefore, reduces costs and increases efficiency.
- AI-supported digital service delivery channel- The VAIOT platform provides a channel for sales, marketing, communication and distribution. Therefore, it reduces operational costs for companies by implementing automation in companies.
- VAIOT’s AI Assistant can be used to create a digital channel for intelligent shopping and conduct instant, faster transactions. Here, users can purchase services and products through an automated service distribution channel.
VAIOT Price Prediction: Conclusion:
VAIOT is an AI-powered platform that provides affordable legal services and distribution channels by integrating technology with blockchain. According to reports, the global AI market is expected to grow at a CAGR of 20.1% by the end of 2029, meaning AI technology use cases will increase in our daily lives.
Therefore, VAI encryption can be seen as a potential for future growth. In addition, it aims to provide services for both consumers and businesses, which ultimately provides it with a wide range of audiences.
As we have seen, blockchain technology is already connected to many of the services in our daily lives and its integration with AI technology is also not new. Previously many blockchain platforms (such as Numerai, Matrix, AICoin etc.) are integrated with Artificial Intelligence and Machine Learning to provide various services. Therefore, it can be slightly difficult for VAI to grow in the competitive market.
However, the VAI cryptocurrency is down 97.54% from its all-time highest price and is also showing positive growth over the past three months. Therefore, the price of VAI can be expected to rise further as market conditions prove to be in its favor.
