Voyager Coin: Is It A Smart Investment Decision?

The Voyager Token (VGX) is the cryptocurrency that fuels the Voyager brokerage platform. It can be used as a reward for users of the platform or to generate interest through the Voyager app. The Voyager platform, which launched in October 2018, offers a secure way for investors to access a range of cryptocurrencies. The platform connects to more than 10 different exchanges through smart order-routing technology.

The VGX token has experienced a downward trend since the beginning of 2022, with its price falling from a high of $7.50 in August 2021 to around $0.35 in August 2022. This downturn has been fuelled by the bankruptcy of Voyager Digital and the default of Three Arrows Capital on more than $600 million in crypto loans.

However, some forecasts expect the VGX token to recover and reach new all-time highs. WalletInvestor, for example, predicts that VGX will trade lower over the long term, reaching $0.02 in a year. In contrast, DigitalCoinPrice estimates that VGX could average $0.39 in 2022 and $0.73 in 2023, eventually reaching $4.51 in 2030.

Whether VGX is a good investment depends on your risk tolerance and investment goals. Cryptocurrencies are highly volatile assets, making them high-risk investments. It is important to do your own research and evaluate your financial situation before investing in any cryptocurrency.

Voyager Token's price history and future predictions

Voyager Tokens Price History and Future Predictions

The Voyager Token (VGX) is the native token of the Voyager brokerage, a crypto brokerage service offering a safe and secure platform for trading crypto assets. The Voyager Token launched in July 2017 at a price of $0.06. Its value fluctuated between this initial price and $1.25 for the rest of the year.

In early 2018, during a bullish period for the crypto market, the VGX token experienced a significant surge, reaching its all-time high of $12.54 on 5 January 2018. Following this peak, the token underwent a correction, with its value declining to around $4 for the next month. VGX briefly surpassed $5 in early March 2018 but ended the month at $2.

In 2020, the Voyager Token transitioned to a new model known as VGX 2.0, which consolidated its native tokens into a single token. The VGX 2.0 token is built on the Ethereum blockchain as an ERC-20 cryptocurrency.

The price of the Voyager Token has been on a downward trajectory since December 2021, with a slight recovery observed at the end of that month. The token's prices continued to fall in 2022, and by the end of December, its value had dropped below $3. This downward trend continued into 2023, with the token trading at a low of $0.5895 on 12 May 2023.

As of 24 May 2023, the VGX token price was $0.141483, with a daily trading volume of $4,452,309. The token was ranked #431 on CoinMarketCap, with a live market cap of $39,400,374, a circulating supply of 278,482,214 VGX, and a maximum supply of 279,387,971 VGX.

According to WalletInvestor, the VGX token price is expected to decline in the long term, with a projected price of $0.02 within a year. However, their prediction for 2025 indicates a possible increase, with the token potentially rising to $0.04. CoinCodex's forecast for 2023 predicts a decrease of -33.28% in the token's value, leading to a price of $0.096074 by 29 May 2023.

Looking further ahead, DigitalCoinPrice's analysis suggests a more optimistic outlook, with an average value of $0.73 in 2023 and a slight upward trajectory, potentially reaching $1.40 in 2025. Their prediction for 2030 indicates that the coin could reach a value of $4.51. PricePrediction's VGX price prediction takes a more bullish stance, indicating an average value of $1.03 in 2025 and a climb in value to $6.74 by 2030.

It is important to note that no Voyager token forecast can guarantee 100% accuracy due to the inherent volatility of the crypto market. Investment advice and projected future prices are always subject to change.

VGX Price Predictions for 2024-2030

According to PricePrediction.Net, the Voyager Token price is anticipated to reach a maximum price of $0.1859 by the year 2025. The average projected price for 2030 is expected to be $1.06, with potential variance between $1.03 and $1.27.

CryptoNewz's VGX price prediction for 2024 states that the token is anticipated to reach $0.28 by the end of the year, with minimum and maximum prices of around $0.23 and $0.33, respectively. Their forecast for 2030 predicts a maximum price of $1.03 for the token, with a minimum price of $0.72.

VGX Price Predictions for 2022-2030

CoinQuora's VGX price analysis and prediction for 2022 states that the bullish VGX price prediction for 2022 is $4.986. The article also predicts that the VGX price might reach $5 in the near future. Their long-term VGX price prediction for 2022 is bullish, with the possibility of reaching new heights.

For 2023, CoinQuora predicts that the VGX price is possible to reach $20. Their VGX price prediction for 2024 is $35, and for 2025, they predict a price of $50. The article predicts that the VGX price will reach $100 by 2026 and $200 by 2027. By 2028, they expect the VGX price to reach $400, and by 2029, they predict a price of $600. Finally, their VGX price prediction for 2030 is $1000.

The pros and cons of investing in VGX

Pros

• The Voyager Token (VGX) is the native coin of the Voyager brokerage platform. It is used to reward users of the platform and can be used to generate interest through the Voyager app.
• The Voyager platform offers a secure way to invest in a range of cryptocurrencies and provides an easy-to-use mobile app.
• The Voyager Foundation is committed to improving the experiences of cryptocurrency traders by offering more efficient services.
• The token appears to be underpriced, so crypto enthusiasts can take advantage and buy tokens while the price is still low.
• The Voyager platform utilises a sophisticated technology known as Smart Order Routing, which allows it to sort prices in several online crypto exchange platforms. This technology makes it easier for traders to enter and exit their positions.
• The Voyager Token offers cashback rewards on almost all transactions.
• The Voyager Token network offers traders a wide variety of cryptocurrencies to trade.
• The Voyager platform is beginner-friendly, offering a user-friendly interface.
• The platform offers great liquidity and a fully secure platform for traders.

Cons

• Investing in nascent technologies is always risky. Blockchain technology itself is considered a risky investment, and investing in cryptocurrencies native to budding blockchain projects can be even riskier.
• Voyager token price predictions are based on available data, but cryptocurrency prices are often affected by prevailing news, regulations, and other factors that are challenging to incorporate into future price prediction analyses.
• The verification procedure for the Voyager platform is lengthy.
• There is uncertainty surrounding the collapse and liquidity issues of the Voyager platform.

How to buy and hold VGX

Step 1: Find the best exchange that sells VGX Token

There are several cryptocurrency exchanges that allow you to buy VGX Token, including Binance, Zengo, Coinbase Pro, Bybit, OKX, Kraken, KuCoin, Gate.io, BingX, CoinEx, and MEXC. It's important to research and compare fees, security features, and supported currencies before choosing an exchange.

Step 2: Register a new account

Before you can buy VGX Token, you'll need to create an account on your chosen exchange. This typically involves providing personal information such as your name and email address, and verifying your identification.

Step 3: Fund your account

Once your account is set up, you'll need to deposit funds into it. You can usually do this via bank transfer, debit/credit card, or by depositing other cryptocurrencies.

Step 4: Buy VGX Token

After your funds have been deposited, you can place a buy order for VGX Token. You can either use a market order, which will buy VGX at the current market price, or a limit order, which will only buy VGX at a specific price that you set.

Step 5: Store your VGX Token

Once you've purchased VGX Token, you can choose to store it in a crypto wallet or leave it on the exchange. It is generally recommended to use a crypto wallet for added security, such as a software wallet or a hardware wallet.

Step 6: Hold VGX Token

If you believe in the long-term potential of VGX Token, you can choose to hold it for the long term. This means that you won't sell it even during market downturns, believing that it will increase in value over time.

It's important to note that cryptocurrency investments are risky and highly volatile. It's recommended to do your own research and only invest what you can afford to lose.

Voyager's platform and its unique features

Voyagers is a crypto brokerage service that offers a safe and secure platform for investors and traders to trade crypto assets. The platform was started in October 2018 and currently supports over 50 crypto assets. Voyagers uses a unique smart order routing technology to connect with other crypto exchanges. The platform also has an application for Android and iOS that allows for a seamless trading experience.

The Voyager platform offers an extensive range of cryptocurrencies for trading. The company aims to make the user experience of trading cryptocurrencies similar to that of traditional online brokerages. Transactions on the platform are commission-free, and traders pay only the quoted price when buying and selling.

Voyager also provides deposit yields as high as 12% annual percentage yield (APY) by lending cryptocurrencies to other companies. In addition, the platform launched its own cryptocurrency, the Voyager Token (VGX), which serves as a reward and loyalty token. Holding VGX tokens allows users to earn staking rewards of up to 7% and boost their earnings by joining the Voyager Loyalty Program. The program offers different tiers of loyalty status, with higher rewards for users with more tokens.

The Voyager platform is designed to streamline the booking process and minimise the hassle of endless emails, giving users greater control over their bus trips. It offers an advanced shuttle management system for organisations of any size, enabling them to procure buses, track payments, and manage riders all under one platform.

The Voyager Token's past performance

The Voyager Token (VGX) launched on 18 July 2017 at $0.06 per token. For the rest of 2017, it fluctuated between its launch price and $1.25. The token saw its biggest breakout at the beginning of 2018, when the crypto market was performing particularly well. It hit its all-time high of $12.54 on 5 January 2018.

The token immediately corrected after its all-time high and stayed roughly around the $4 mark in the following month. VGX managed to pass $5 again in early March 2018 but fell throughout the rest of the month, dropping to $2.

The Voyager Token saw another rally, hitting a peak of $5.02 on 10 May 2018. This came as Voyager announced it was releasing its mobile app by the end of 2022. However, VGX proved vulnerable to the crypto crash in 2018. After its peak in May, the token kept dropping and was trading at $0.12 by the end of the year. The Voyager Token could not overcome this trend for the next two years and stayed below $1 until 2021.

At the end of 2020, VGX began a rally that extended into a breakout in 2021. For the first time in two years, the token hit a $2.80 price point on 30 January. This came after a wave of tokens were listed on its platform. In January alone, Voyager offered trading support for Enjin, Elrond, Golem, Terra Luna, Kyber Network, and others.

VGX continued rallying and hit a peak of $6.90 on 20 February 2021, a day after the Uniswap token was listed on the platform. The Voyager Token managed to stay above the $5 mark for the rest of the month.

It peaked again on 1 March 2021 at $6.97 after new interest rates were announced for the brokerage. Dogecoin, Decentraland, and Uniswap were all cryptocurrencies included in that month's interest event.

After settling for the rest of March, VGX saw another price surge a month later on 14 April. This came after the announcement that Voyager was a finalist for the US FinTech Awards. It saw the token pass the $5 mark.

The token came close to $5 again on 1 May 2021, when the platform revealed a loyalty programme for VGX holders. Investors could be eligible for a range of rewards, depending on the amount of Voyager Tokens they were holding.

However, VGX could not keep up the momentum and dropped below $2 in July. The rest of 2021 proved to be a volatile period for the token, with its price fluctuating between $3 and $6. On 16 November 2021, Voyager announced it was releasing its own debit card, with an early access version available to consumers. This new card allowed users to spend at locations wherever Mastercard was accepted and earn crypto interest. VGX passed the $5 mark again just six days later.

However, it has been unable to come anywhere close to that level since then. It dropped below $3 by the end of December and under $2 in January 2022. On 30 March 2022, Voyager was ordered by the state of New Jersey to "cease and desist" in a series of complaints against cryptocurrency-based, interest-bearing account issuers in the US.

The sharp descent continued on 12 May 2022, when the coin traded at lows of $0.5895. More optimistic news was to come a few days later when Voyager Digital (VOYG) raised $60 million in a private placement offering led by Alameda Research. Voyager Digital also released its revenue and user metrics for the quarter ended 31 March 2022, reporting revenue up 70% for the quarter, from $60.4 million to $102.7 million.

However, the crypto crashes have taken their toll on both the VGX token and firms involved in the Voyager platform. On 27 June 2022, Voyager announced it had issued a default notice to Three Arrows Capital (3AC) for failing to make the required payments associated with the hedge fund's loans. The Voyager loan taken out by 3AC included 15,250 BTC and $350 million in USDC.

On 1 July 2022, Voyager shut down all customer trading, deposits, withdrawals, and loyalty rewards. The company stated that this decision was made to give it additional time to continue exploring strategic alternatives while preserving the value of the Voyager platform. On 6 July 2022, Voyager Digital filed for bankruptcy in a voluntary Chapter 11 process in the US Bankruptcy Court of the Southern District of New York.

After filing for bankruptcy, Voyager saw a resurgence as FTX announced it had won the auction for the lending protocol's assets. On 27 September, its price jumped from $0.62 to a high of $0.76. However, the high did not last. On 11 November, the date of FTX's bankruptcy announcement, VGX's price was back down to $0.23. Although it did see a peak after the announcement of its new deal with Binance, rising to $0.40.

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