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Saturday, November 26, 2022
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    HomeMarketVGX Token Price Has Gone Parabolic. Is Voyager a Good Buy?

    VGX Token Price Has Gone Parabolic. Is Voyager a Good Buy?

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    The VGX token worth went parabolic on Wednesday as buyers priced in a turnaround of the dad or mum firm. Voyager Digital’s native token rose to a excessive of $0.5155, which was the very best stage since June twenty third. Based on Binance, it has surged by greater than 220% prior to now 24 hours. It has additionally jumped by 240% from its lowest level this yr.

    Why is Voyager Digital hovering?

    Voyager Digital was one of many largest cryptocurrency exchanges on the earth. At its peak, the corporate used to deal with quantity price billions of {dollars} every single day. It had greater than one million prospects.

    Not too long ago, nevertheless, Voyager has had a spectacular fall from grace. The agency was lately pressured to droop withdrawals and deposit. It additionally voluntarily determined to file for chapter safety.

    The disaster occurred due to the latest crash of Bitcoin and different cryptocurrency costs. Notably, the collapse of Terra and its ecosystem had a direct impression on the corporate. For instance, it had prolonged funds to Three Arrows Capital, one of many hedge funds that misplaced cash when Terra crashed. 

    Ignore Voyager Digital. Listed below are the best crypto exchanges.

    Voyager Digital has additionally come into the highlight now that regulators and legislation enforcement officers are investigating it. As such, most analysts consider that will probably be unimaginable for the corporate to thrive because it used to earlier than. Apart from, it has misplaced the belief of most customers.

    The VGX token worth is surging as buyers react to an announcement the company published on Tuesday. The corporate reiterated that it held about $1.3 billion of crypto property on its platform. It additionally has claims in opposition to Three Arrows Capital. It additionally mentioned that prospects will have the ability to withdraw these funds when the reorganization plan ends. 

    Subsequently, the VGX worth is rising as buyers cheer these occasions. As I wrote earlier than, property in hassle are additionally ripe for pump and dump schemes. For instance, we noticed the Celsius token leap sharply whilst the corporate’s challenges emerged. Hertz shares additionally jumped after the corporate went bankrupt.

    VGX token worth prediction

    The four-hour chart exhibits that the Voyager Digital token worth has been in a robust bullish pattern prior to now few hours. The coin managed to maneuver above the descending trendline proven in blue. It additionally jumped above the 25-period and 50-period shifting averages.

    In my opinion, it is a lifeless cat bounce, that means that the coin will see a significant pullback within the subsequent few days. If this occurs, it should seemingly drop to the assist at $0.15, which is about 70% beneath the present stage.



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