- Voyager: A Quick Introduction
- VGX Token: Features And Roadmap
- VGX Price Prediction: Price History
- VGX Price Prediction: Technical Analysis
- VGX Price Prediction By BlockchainReporter
- VGX Price Prediction 2023
- VGX Price Prediction 2024
- VGX Price Prediction 2025
- VGX Price Prediction 2026
- VGX Price Prediction 2027
- VGX Price Prediction 2028
- VGX Price Prediction 2029
- VGX Price Prediction 2030
- VGX Price Prediction 2031
- VGX Price Prediction 2032
- VGX Price Prediction: Industry Experts
- Is VGX A Good Investment? When Should You Buy It?
- Conclusion
- FAQ
The decentralized finance sector has emerged as a leading sub-sector within the blockchain industry, attracting numerous projects that aim to provide novel features and use cases. Among them is Voyager, a decentralized broker built on blockchain technology that enables users to access diverse exchange platforms and markets. As the native token of the Voyager platform, VGX serves as a cornerstone in a growing ecosystem designed to empower individuals across the globe. With its ingenious utility, attractive staking rewards, and fervent community support, Voyager Token is poised to become a beacon of innovation in an ever-expanding universe of cryptocurrencies. However, in a $1 billion deal, Binance announced the acquisition of assets from the crypto exchange Voyager Digital (VGX). Following the announcement, the value of the VGX token, which had experienced a decline in 2022, briefly surged but has since dropped. As Voyager is one of several centralized exchanges that incentivize users with its native token, the question remains: what does this deal signify for VGX’s future? Hence, our VGX price prediction aims to provide insights into its potential future value by utilizing advanced technical analysis to help you make informed investment decisions amidst the market’s volatility.
Voyager: A Quick Introduction
Voyager is a mobile broker app that allows users to invest in, buy, sell, and swap cryptocurrencies. This app is available on both iOS and Android platforms, making it a significant project. By connecting its users to multiple cryptocurrency exchanges and markets, Voyager aims to help traders and investors maximize their profits.
With this app, users can trade, swap, and invest in more than 60 cryptocurrencies and tokens, promoting financial freedom and efficient portfolio management. Additionally, Voyager provides attractive interest rates for users who maintain a minimum monthly balance without having to lock up their funds. With over 30 cryptocurrencies, including Bitcoin, Ethereum, Polkadot, and Dash, users can earn compound interest.
In October 2018, Voyager Digital was launched. Its parent company, Crypto Trading Technologies, was co-founded by Stephen Ehrlich, Philip Eytan, Gaspard de Dreuzy, and Oscar Salazar, all of whom have experience in electronic trading and investments in startups like Uber. Before moving further, let’s take a look at VGX crypto’s current market details to clarify our VGX price prediction better.
| Cryptocurrency | Voyager Token |
| Ticker Symbol | VGX |
| Price | $0.35 |
| Price Change 24h | +3.42% |
| Market cap | $96,481,981 |
| Circulating Supply | 278,482,214 VGX |
| Trading Volume | $30,366,138 |
| All time high | $12.54 |
| All time low | $0.01699 |
| VGX ROI | +408.44% |
VGX Token: Features And Roadmap
In January 2019, Voyager introduced the mobile app with the goal of providing users with a cryptocurrency trading experience similar to traditional online brokerages. With over 70 cryptocurrencies available for trading, Voyager’s platform allowed commission-free transactions, enabling traders to pay the quoted price when buying and selling.
Voyager offered deposit yields of up to 12% annual percentage yield (APY) by lending cryptocurrencies to other companies. Additionally, the company introduced its own cryptocurrency, the Voyager Token (VGX), which primarily functioned as a reward and loyalty token for the Voyager brokerage platform.
The VGX whitepaper states, “Voyager connects to multiple exchanges, liquidity providers and market makers via our smart-order router to achieve better execution on pricing and trades. Voyager partners with multi-billion-dollar counterparties and market makers to generate revenue off custodied customer assets. We also utilize blockchain staking whenever possible to generate staking yields.”
To ensure safe and secure transactions, the Voyager app utilizes industry-standard protocols and encryption. Additionally, data storage is secured to safeguard the transmission of information.
Voyager partnered with Plaid, a secure open banking platform that collaborates with services such as Venmo. Through this partnership, Plaid safely connects users’ bank accounts to the Voyager platform, enabling secure interactions.
Initially, the Voyager token was based on the Ethos Token, which was introduced in 2017. However, in 2019, Voyager acquired Ethos.io and integrated its team, technology, and native token into its ecosystem.
Until 2020, the platform used a multi-token system. However, in 2020, Voyager implemented a new single-token model known as VGX 2.0, which incorporated its native tokens. The VGX coin is now an ERC-20 cryptocurrency that operates on the Ethereum blockchain. The whitepaper said, “Voyager plans to introduce more features including a debit card and DeFi [decentralized finance] offerings. Customers deploying and staking VGX 2.0 through the Platform or web portal will be integral in powering rewards in our expanded ecosystem.”
VGX Price Prediction: Price History
To accurately forecast future price trends for VGX, investors must have an understanding of its historical performance. However, it is crucial to note that solely relying on price history is inadequate for predicting the Voyager token’s future price movements.
On 18 July 2017, the Voyager Token was launched at $0.06, preceding the platform. Its value fluctuated between its launch price and $1.25 for the remainder of the year. The token experienced its highest surge at the start of 2018, during a bullish phase in the crypto market, reaching its peak of $12.54 on 5 January 2018.
Afterwards, the token was promptly corrected and remained around the $4 level for the next month. Although VGX climbed above $5 in early March 2018, it declined for the rest of the month and fell to $2.
On 10 May 2018, the Voyager Token rallied once more, reaching a high of $5.02 following Voyager’s announcement of its plan to launch a mobile app by the end of 2022.
Nevertheless, the Voyager Token was not immune to the crypto crash in 2018. Following its peak in May, the token continued to plummet and closed the year at $0.12. The Voyager Token was unable to reverse this trend for the next two years, remaining below $1 until 2021.
In 2020, VGX initiated a rally that carried over into 2021. On 30 January, the token obtained a price point of $2.80, which had not been reached in two years. This upswing followed the addition of numerous tokens to the Voyager platform. In January alone, Voyager introduced trading support for Enjin, Elrond, Golem, Terra Luna, Kyber Network, and other tokens.
VGX continued to surge and reached a pinnacle of $6.90 on 20 February 2021, just one day after the Uniswap token was listed on the platform. The Voyager Token managed to maintain a value above $5 for the rest of the month. On 1 March 2021, it achieved another peak of $6.97 after announcing new interest rates for the brokerage. Cryptocurrencies such as Dogecoin, Decentraland, and Uniswap were all included in that month’s interest event.
After stabilizing for the remainder of March, VGX experienced another price upswing on 14 April. This was a result of the announcement that Voyager had been nominated for the US FinTech Awards, propelling the token past the $5 mark.
A new token update was released for the brokerage on 20 August 2021. VGX 2.0 aimed to attract more users to the platform by offering greater rewards and incentives. The culmination of all Voyager’s news in August was reflected in the token’s value, reaching a pinnacle of $4.67 on the day of the VGX 2.0 roll-out.
However, since then, VGX has been unable to come anywhere close to that level. Its value dropped below $3 by the end of December and under $2 in January 2022. More negative news emerged when, on 30 March 2022, the state of New Jersey ordered Voyager, along with other cryptocurrency-based interest-bearing account issuers in the US, to “cease and desist” in response to complaints. On 12 May 2022, VGX reached its lowest point, trading at $0.5895. The coin’s value experienced a sharp decline during this time.
The VGX token and companies associated with the Voyager platform have both been affected by the crypto market crashes. On 27 June, Voyager declared that it had served a default notice to Three Arrows Capital (3AC) for not fulfilling the payment obligations linked with the hedge fund’s loans. The 3AC loan from Voyager comprises 15,250 BTC and $350 million in USDC, resulting in a sharp decline in the VGX token.
VGX Price Prediction: Technical Analysis
The Voyager token has been in a bearish consolidation range with no significant price action over the last few days. Although the token has experienced some success recently, it still faces significant challenges due to the overall bearish trend in the cryptocurrency market. The collapse of SVB, the loss of USDC’s dollar peg, and regulatory scrutiny into Binance have all contributed to a pessimistic outlook for VGX’s price. However, our VGX price forecast utilizes advanced technical indicators to provide investors with a comprehensive analysis of the risks and opportunities associated with investing in Voyager. Despite the challenges, our analysis suggests that there may still be potential for growth in VGX.
CoinMarketCap reports that the current price of the VGX token is trading at $0.35, showing an uptrend of nearly 3.5% from yesterday’s price. Our technical analysis of the VGX token suggests this cryptocurrency could soon display bullish signals, forming new highs as it experiences a significant recovery rally in line with the overall bullish market led by Bitcoin following the Fed’s efforts to aid banks’ collapses. Looking at the daily price chart, Voyager is struggling to trade above its EMA-50 trend line at $0.377, facing rejection near its immediate resistance level of $0.35. However, after forming a low near $0.32, the VGX token has taken support and is making an effort to surge above the 23.6% Fib level. As the EMA-20 trend line has dropped significantly from its previous resistance level of $0.45, VGX tokens are trading within a consolidation level dominated by bears. VGX is currently in an extreme fear zone due to the SEC’s crackdown on crypto, creating a FUD situation for investors. The Balance of Power (BoP) indicator is trading in a bullish region of 0.27, suggesting that the bullish momentum may extend if the VGX token breaks above its consolidated pattern.
The popular RSI-14 indicator is trading on the verge of a bullish region at the level of 48, just near the midline, which may cause the VGX token to test its resistance near the 31.6% Fib levels. Moreover, the MACD line has formed a consolidated pattern in the chart, showing small bullish candlesticks above the signal line and indicating increased buying pressure in the VGX price chart. However, the SMA-14 is showing no action as it trades parallelly at 45-level, hinting at a slight downward correction in the next few days. If the Voyager coin breaks above its resistance of $0.38, it may pave its upward road to its Bollinger band’s upper limit of $0.42, and if it manages to break its strong resistance of $0.51, it may attempt to go higher. Conversely, if VGX drops below the crucial support level of $0.3, a further bearish rally is expected, which may cause it to accelerate a sharp collapse and trade near its Bollinger band’s lower limit of $0.24. If Voyager’s price fails to hold above $0.2, it may gear up for a more bearish bloodbath and trade near $0.12.
VGX Price Prediction By BlockchainReporter
VGX Price Prediction 2023
BlockchainReporter’s current VGX price prediction for the upcoming years is optimistic. In 2023, we anticipate a bullish trend for Voyager with a minimum value of $0.76, a maximum price of $0.90, and an average market price of $0.79. The frequent updates and new developments of VGX could influence the price levels of the cryptocurrency.
VGX Price Prediction 2024
Our VGX price prediction for 2024 suggests that Voyager is predicted to reach a minimum price of $1.15, with an average forecast price of $1.19 and a maximum price set at $1.33. The token’s adoption and the market price could increase if VGX establishes new partnerships with other major blockchain networks, making it easily accessible to investors.
VGX Price Prediction 2025
By the end of 2025, the minimum VGX cost price is anticipated to be $1.67, with a maximum price of $1.99 and an average price of $1.72. With a higher adoption of blockchain-based applications in the future, Voyager could see an enormous increase in price.
VGX Price Prediction 2026
For 2026, Voyager is expected to have a sustained bull market, leading to a minimum value of $2.54 and a maximum price of $2.86, with an average market price of $2.63.
VGX Price Prediction 2027
According to the VGX token price forecast for 2027, investors could record huge profits, as the cryptocurrency could reach a minimum possible level of $3.60 and a peak price of $4.43, with an average price of $3.71. VGX’s reduced fees, transparency, security, and faster transactions could contribute to a surge in price.
VGX Price Prediction 2028
In 2028, Voyager could trade between a maximum price value of $6.10 and a minimum price value of $5.05, with an expected average value of $5.23. Being one of the best-performing digital coins in the crypto market, there would be a huge demand for the token in the future, leading to a massive increase in price.
VGX Price Prediction 2029
For 2029, Voyager is expected to trade at a minimum value of $7.54, maintaining an average trading value of $7.75 and a maximum value of $8.94 throughout the year.
VGX Price Prediction 2030
Our VGX price forecast for 2030 expects Voyager to attain a minimum level of $11.06, with an average trading price of $11.37 and a maximum level of $12.88.
VGX Price Prediction 2031
The VGX price forecast for 2031 indicates an overall bullish trend leading to a minimum price of $15.90, an average price of $16.36, and a peak price of $18.96. The digital coin’s potential could attract many users, influencing these high prices.
VGX Price Prediction 2032
Finally, for 2032, VGX is expected to have a fully bullish year with loads of upside fluctuations, leading to a minimum price of $23.58, an average trading price of $24.24, and a maximum price of $27.39.
VGX Price Prediction: Industry Experts
According to Digital Coin Price’s VGX price forecast, it is anticipated that VGX will surpass the $0.76 mark in 2024, with projections indicating that Voyager Token will reach a minimum value of $0.75 by year-end. Moreover, the potential exists for VGX to achieve a maximum price point of $0.78. In 2032, the price of VGX is predicted to exceed $6.58, and by the end of the year, Voyager Token is anticipated to attain a minimum value of $6.53. Furthermore, there is potential for VGX to reach a maximum price of $6.73.
CryptoPredictions.com’s Voyager price analysis states that, in May 2023, Voyager VGX is expected to commence trading at a price of $0.393 and conclude the month at $0.487, with a projected maximum price of $0.567 and a minimum price of $0.385.
In 2027, the average trading price of the VGX token is predicted to hit $0.91, with a minimum price of $0.77 and a maximum trading price of $1.14.
Is VGX A Good Investment? When Should You Buy It?
The underlying technology utilized by the Voyager Token project to facilitate brokerage services, technical capabilities, use cases, and adoption is the primary driver of its value, even though the intrinsic value of VGX is often not reflected by its market price. Numerous factors contribute to the market value of VGX, such as enhancements, progress on the project roadmap, the performance of the development team, and collaborations with other entities, including the recent merger between VGX and LGO token. The recent bankruptcy filing is a cause for apprehension regarding the future price of VGX, and it may not be a viable choice for long-term investment.
Conclusion
The Voyager app addresses prevalent challenges faced by traders and crypto investors on different exchanges, such as limited accessibility, inadequate liquidity, exorbitant fees, and a lack of transparency. With its user-friendly interface, Voyager offers commission-free trading, rapid transaction speeds, and enhanced accessibility.
Using a mobile device, users can manage their assets and trade over 60 cryptocurrencies on major exchanges within a single app. By resolving critical problems within the crypto trading sphere, Voyager has the potential to become an indispensable component of the expanding DeFi industry.
FAQ
What is Voyager?
Voyager is a decentralized broker built on blockchain technology that enables users to access diverse exchange platforms and markets. The Voyager platform’s native token is VGX, which serves as a cornerstone in its growing ecosystem.
What is VGX used for?
VGX primarily functions as a reward and loyalty token for the Voyager brokerage platform. It is an ERC-20 cryptocurrency operating on the Ethereum blockchain.
What is the current price of VGX?
As of the writing, the VGX token is trading at $0.35, showing an uptrend of nearly 3.5% from yesterday’s price.
What is the VGX price prediction for 2023?
In 2023, VGX is anticipated to have a bullish trend with a minimum value of $0.76, a maximum price of $0.90, and an average market price of $0.79.
What is the VGX price prediction for 2030?
The VGX price forecast for 2030 expects Voyager to attain a minimum level of $11.06, an average trading price of $11.37, and a maximum level of $12.88.
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