Voyager had an exciting year in 2021. A wave of new tokens was added to the online brokerage, improving its position in the crypto trading market. That, combined with a major update to its Voyager Token, was enough to bring investors flocking to VGX.
But as the wider crypto industry took a turn for the worse in 2022, so did the Voyager Token. VGX's recent downturn has been further fuelled by Three Arrows Capital defaulting on more than $600m in crypto loans. By 1 July, the network made the “difficult but necessary” decision “to temporarily suspend trading, deposits, withdrawals, and loyalty rewards”.
By 5 July, crypto broker Voyager Digital filed for Chapter 11 bankruptcy as part of their asset protection plan. Stephen Ehrlich, Voyager CEO, said he felt this was the best route for his clients considering the market pressures, and assured that the move would protect assets on the platform, as well as the smooth running of Voyager.
A few weeks later, MetaFormLabs initiated a campaign to pump VGX. The initial pump, aligning with Twitter tag #PumpVGXJuly18, saw the token rally, reaching highs of $0.6919 on 18 July. However, as of 3 August, the token is currently trading at $0.3524.
What's the VGX price prediction? How high can the Voyager coin go? Let's delve into these topics.
What is Voyager?
Voyager wanted to bring the brokerage concept from traditional finance to the crypto world. It provides investors with a secure way to invest in a range of cryptocurrencies. The secret behind Voyager’s platform is “smart order-routing technology”, which connects the brokerage with more than 10 different exchanges.
VGX is the cryptocurrency that fuels the brokerage. It can given as rewards to users of the platform, or used to generate interest through the Voyager app. VGX has been around for some time, with the brokerage token usually reflecting the wider market. This has led it to perform fairly bearishly over the course of 2022 so far.
VGX price prediction: How high can the Voyager coin go?
Some forecasts expect the brokerage token to eventually reach a new all-time high. However, how high can the Voyager coin go?
Gov.Capital’s Voyager Token price prediction for 2022 is for it to pass $1 by September, and hit the $1.50 mark in December. In one year’s time, the site forecasts the token will be trading at $5.40. In the next five years, it expects VGX to soar far beyond its all-time high and hit $35.29.
WalletInvestor makes a VGX price prediction which says it is a “bad” long-term investment. The site forecasts VGX to plummet to less than $0.04 next year.
PricePrediction.net is more ambitious. It expects VGX to climb to a maximum of $1.06 this year. The site’s Voyager Token price prediction for 2025 is $2.77. The site then expects a general year-on-year uptrend, reaching $17.10 in 17.10.
Meanwhile, DigitalCoinPrice does not think the token will climb past $10 in the next decade. It thinks VGX will average out at $0.47 this year. The site’s VGX price prediction estimates the token to hit $0.69 in 2025, and it makes a Voyager Token price prediction for 2030 of $1.61.
Is Voyager Token a good investment?
It might be. Voyager Token’s loyalty programme offers rewards to its holders depending on the amount of VGX they own. These include staking, earnings and refer-a-friend rewards.
Hope you can get a basic understanding about VGX price prediction after reading this article.
