- Bullish VGX price prediction ranges from $5-$10.
- The analyst predicted VGX to hit $0.4 and the token traverses the path as predicted.
- VGX resides in a formidable territory and if it breaks above this, it could reach $1.
What is Voyager (VGX)?
Voyager Digital Ltd. is a fast-growing, publicly traded cryptocurrency platform founded by established Wall Street and Silicon Valley entrepreneurs in 2018.
Built on the principles of transparency and bringing cost efficiency to the marketplace, Voyager offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application. Moreover, it facilitates earning rewards of up to 12% annually on more than 40 cryptocurrencies.
Integrated with a Smart Order Router, the Voyager Execution Platform offers investors competitive prices on their trades faster and ensures more reliable execution. Moreover, Voyager provides a single access point for investors to effectively and securely trade and manage their crypto assets, eliminating the need for individual exchange accounts, wallets, and keys.
Furthermore, the platform considers security as a pertinent parameter needed to fulfill its user’s expectations. As such, by combining hot and cold storage, Voyager ensures both the safekeeping and availability of its users’ crypto assets.
Voyager (VGX) Market Overview
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Analysts’ View on Voyager (VGX)
A crypto Analyst tweeted that VGX would hit $0.480 on March 6 when the token was at $0.422. Surprisingly as predicted by the analyst VGX hit $0.480 just a couple of days after his prediction. Upon Voyager reaching the target, the analyst congratulated those still holding the token.
Voyager (VGX) Current Market Status
According to CoinMarketCap Voyager token is trading today at $0.477876 with a 24-hour trading volume of $104,095,747. The token is up 22.31% in the last 24 hours. Additionally, CoinMarketCap ranks VGX 190 with a live market cap of $133,079,833. Furthermore, it has a circulating supply of 278,482,214 VGX coins and a max supply of 279,387,971 VGX coins.
Voyager (VGX) Price Analysis 2023
Voyager drew the attention of the masses in the crypto industry when US Bankruptcy Judge Michael Wiles barred the Securities Exchange Commission (SEC) from punishing executives and advisers of Voyager.
The Judge gave this verdict on the third day of the hearing of the bankrupt Voyager trying to compensate its users by issuing a new cryptocurrency and selling itself to Binance.US. According to Reuters, the court granted approval to Voyager to sell its assets and transfer its customers to Binance US for a sum of $1.3 billion. It would be interesting to see how this conducive verdict from the court will be reciprocated in the VGX price.
Voyager (VGX) Price Analysis – Bollinger Bands
Bollinger band is an indicator that is used to measure volatility in the market. This indicator relies on two parameters: Period and Standard deviation. The period is the time frame while standard deviation measures how far the values are from the mean or average.
The Bollinger band has an upper band, median line, and lower band as shown below. The logic is that the price of the digital asset is supposed to hover close to the median line of the Bollinger band. However, on occasions that the price of the security strays too far from the median line, just as VGX has touched the upper Bollinger band, then we could expect the price to fall back close to the median. And this applies vice versa when the price touches the lower Bollinger band.
The logic behind this is based on the empirical law of standard deviation which states 95% of the time, the normal distribution of data lies within two standard deviations. The upper band is calculated by taking the middle band and adding twice the daily standard deviation to that amount. The lower band is calculated by taking the middle band minus two times the daily standard deviation
On instances where the Bollinger bands widen we could expect more volatility in the market and we could expect the prices to consolidate or move sideways when the bands contract.
Voyager (VGX) Price Analysis – RSI Indicator
The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how security is doing at present, relative to its previous price. To evaluate this, RSI compares the gains of the securities against the losses it made during the past 14 days. This ratio of gains and losses is then deducted from the 100.
Hence, if the answer is less than 30, then we call that the price of the security is in the oversold region. This means that many are selling the security in the market, and as such the security is undervalued. Moreover, as per the Supply-demand curve theory, the price is supposed to drop when there is an increase in supply.
If the answer is more than 70 then the security is overbought as many are buying. Since many want to buy the security the demand increases which intuitively increases the prices.
VGX’s RSI value is at 68.68 and is heading straight toward the overbought region. If it reaches above 70, then we could expect the market to correct the prices and bring VGX prices lower. However, there is also a possibility of VGX residing in the overbought region for an extended period.
Voyager (VGX) Price Prediction 2023
When considering the chart below, VGX experienced a Golden Cross. However, the token lacks a drastic surge in prices as expected from a usual Golden Cross. In fact, the price of the token dropped before started to ascend. However, with its ascent VGX touched the upper Bollinger band, hence the market could correct prices. Moreover, the RSI indicator too says that the price is overvalued. As such we could expect a correction in the near future.
Nonetheless, if the VGX bulls manage to push the prices higher, then the token would be looking at breaking above Resistance 1 ($0.8). However, the price zone of $0.590 where VGX currently resides is a formidable territory, hence breaking it would be a herculean task.
Voyager (VGX) Price Prediction 2024
The next year could be a significant year in the cryptocurrency calendar as it is the year of Bitcoin halving. Since the rewards for mining and validating will be slashed in half, there will be fewer validators. This means there will be less BTC mined and the supply will shrink and as a result, the price could surge.
Since all cryptocurrencies rise and fall in tandem with BTC, we could expect VGX to reciprocate this behavior. As such VGX could rise to somewhere close to $2.5-$3.00.
Voyager (VGX) Price Prediction 2025
In the aftermath of the BTC halving, we could expect the market to correct BTC. But, as per Aurelien Ohayon, CEO of XORstrategy, a bull run will be followed for BTC for three years after halving. However, it will not be a continuous three years of a bullish run. It will be split by 1.5 years of the bull run followed by 1 year of the bear run which then will be followed by another 1.5 years of the bull run. If this happens and the other coins reciprocate this behavior then VGX could reach $2.4 in 2025.
Voyager (VGX) Price Prediction 2026
Remember 2025 will be the first year after BTC halves and six months into 2026 will mean that the bull run will be over and the bear market will appear. Hence, the price of VGX could reach a maximum of $3.5 in 2026 and go through a correction.
Voyager (VGX) Price Prediction 2027
The first half of 2027 could be a bearish market and the rest six months could be followed by market consolidation in the course of the year. Hence, it is possible to see VGX trade at around $2.25 in 2027.
Voyager (VGX) Price Prediction 2028
VGX will likely trade above its 2025 price prediction of $2.5 in 2028 due to the start of the next bull run with respect to Bitcoin halving. With the powerful sentiment of investors to buy more cryptocurrencies, a buy pressure may be seen in the market, which will make VGX trade at around $3.5 in 2028.
Voyager (VGX) Price Prediction 2029
The most impact of a bullish sentiment resulting from Bitcoin halving could be mainly experienced in the coming year. We can expect the price of VGX to break more psychological resistance and trade around $4.775 by the end of 2029.
Voyager (VGX) Price Prediction 2030
The impact of cryptocurrency adoption could stabilize the market by 2030, sustaining the bullish gains of the previous years. Hence, we can expect the price of VGX to trade above $5 by the end of 2030.
Voyager (VGX) Price Prediction 2040
VGX is predicted to surpass more psychological resistance levels and trade around $7.50 by the end of 2040, potentially even surpassing its all-time high value.
Voyager (VGX) Price Prediction 2050
By the year 2050, the widespread adoption of cryptocurrencies is predicted to stabilize the market and maintain the previous bullish gains. As a result, we can anticipate VGX to trade above the $10 mark towards the end of 2050.
Conclusion
If the investors see potential in VGX and add it to their portfolio then we will be able to see exponential growth in VGX prices surpassing $10.
FAQ
Voyager Digital Ltd. is a fast-growing, publicly traded cryptocurrency platform that supports to the trade of over 100 different crypto assets
VGX can be traded on many exchanges like other digital assets. Binance, Coinbase, and Kraken are some Sushiswap exchanges that trade VGX.
VGX has the potential to break its all-time high of $5.81 in 2030 but it could break it much before that.
VGX is one of the rising tokens and if it manages to break above the present $0.5 zone it has the potential to hit $10.
Since VGX provides investors with several opportunities to form their crypto holdings, it grooms to be a good investment in 2023, especially with a recent golden cross.
The lowest price of BGX is $0.3715
VGX was launched in 2018
VGX was founded by established Wall Street and Silicon Valley entrepreneurs.
VGX can be stored in a hot wallet, cold wallet, or exchange wallet.
VGX is expected to reach $0.8 by 2023.
VGX is expected to reach $2.5-$3.00
VGX is expected to reach $2.5 by 2025.
VGX is expected to reach $3.5
VGX is expected to reach $2.25 by 2027.
VGX is expected to reach $3.5 in 2028.
VGX is expected to reach $4.775 by 2029.
VGX is expected to reach $5 by 2030.
VGX is expected to reach $7.5 by 2040.
VGX is expected to reach $10 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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