Voyager Token (VGX) Takes Off on New ATH, Top 100 Crypto

The crypto Voyager Token is this Monday morning the cryptocurrency of the Top 100 which displays the strongest performance, increasing by 35% over one week. It is also the second best performing over a week, with an increase of over 73%.

In this analysis, we will therefore come back to the latest movements of the Voyager Token (VGX) by explaining their motivations, without forgetting a few reminders about the usefulness of the VGX and its crypto project.

Voyager Token Listing on Coinbase Pro

Recall that the VGX was in the spotlight last week following the announcement of its listing on the Coinbase Pro cryptocurrency exchange, announced on November 17.

“Listing the Voyager token on Coinbase Pro allows better access to the token and introduces VGX to a wider audience globally,” said Steve Ehrlich, CEO and co-founder of Voyager. “We believe that Coinbase’s recognition of Voyager’s native token, which is the basis of our VLP rewards program, is a testament to the strength of the Voyager platform and our prospects for growth. We are thrilled to be on Coinbase Pro and to be exposed to Coinbase Global, Inc.’s $ 255 billion PDOs ”

Faced with this announcement, the price of the Voyager Token had soared by more than 30% in a few hours, then posting a consolidation. However, the rise resumed overnight Sunday through Monday, taking the Voyager Token (VGX) to a new all-time high at $ 5.65.

Strong quarterly results for Voyager

It should also be noted that a few days before Coinbase’s announcement, investors were also excited by the words of Stephen Ehrlich, CEO of Voyager Digita, who made an appearance on Yahoo Finance and said that the company had experienced a “quarter record”. The CEO also referred to the launch of a Mastercard debit card product.

Ehrlich had also commented on the Bitcoin plunge, explaining that it is increasing volumes on the Voyager platform.

“The last couple of days we’ve seen bitcoin go down by around 10%, and it’s really increasing the volume on our platform because people are buying into those lows.”

Voyager Digital reported first quarter earnings per share of $ 0.18 per share on Nov. 15, with revenue of $ 81.51 million. In the last quarter, the company’s assets under management fell to just under $ 7 billion.

Voyage Token, one of the only cryptocurrencies listed on the stock exchange

The Voyager Token is the native cryptocurrency of the Voyager cryptocurrency trading platform. This platform has the distinction of being one of the only ones, along with Coinbase, to be listed on the stock exchange. Indeed, the company Voyager Digital, which operates the Voyager exchange and the Voyager Token cryptocurrency, is listed on the Toronto Venture Exchange, which ensures a certain level of legal transparency. The company will also soon be listed on the main Canadian stock exchange, the Toronto Stock Exchange.

Note that the Voyager token is used to reward and encourage the use of the centralized Voyager exchange. VGX token holders can earn rewards, receive cashback on transactions, and other benefits exclusive to Voyager users.

The Voyager platform was launched in October 2018 and supports more than 55 cryptocurrencies. The founders of Voyager Token have experience in well-known companies including E * TRADE, Morgan Stanley, Warner Music and UBER.

The Voyager Token therefore appears to be a solid cryptocurrency that investors should take a closer look at this week.

1 Suppliers with your criteria

For € 1000 You get

0.0196BTC

What we like

• Intuitive Platform
• 0% Commission
• Deposit Min. 20 €

Costs

Security

Selection of currencies

For € 1000 You get

0.0196 BTC

78.77% of retail investor accounts lose money when trading CFDs with this provider.