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Monday, November 28, 2022
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    HomeMarketVoyager token (VGX/USD) jumps 24%. Here is the reason and potential price...

    Voyager token (VGX/USD) jumps 24%. Here is the reason and potential price action next

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    • Voyager token rose by double-digits on Thursday

    • Studies of acquisition by Binance.US boosted the token

    • The token faces a correction at key resistance

    Voyager (VGX/USD) was on the centre of retail curiosity on Thursday, witnessing a surge in buying and selling volumes. The cryptocurrency of the embattled crypto agency Voyager Digital was strongly talked about on social buying and selling platforms. Optimistic cryptocurrency news was boosting the token of the bankrupt crypto lender.

    On Thursday, studies emerged that Binance.US was shopping for the embattled crypto agency. Voyager filed for bankruptcy protection in July in a liquidity disaster after a sustained crypto winter. Binance CEO Changpeng Zhao confirmed the acquisition studies on Thursday. CZ stated Binance.US would bid once more for Voyager after the cope with collapsed FTX didn’t undergo. 

    Binance.US is just not the one entity to eye the belongings of Voyager. On November 22, Kaj Labs stated it might launch a second supply to accumulate the belongings of the embattled agency. Kaj Labs says it nonetheless sees worth within the belongings of Voyager and can negotiate in good religion with the agency. Nonetheless, the entry of Biannce.US to the bidding battle has attracted consideration.

    VGX traded at an intraday excessive of $0.53, from the lows of $0.35. As of press time, the cryptocurrency was buying and selling at $0.44 after a short correction. The subsequent value motion and developments would decide whether or not we see a sustained bullish surge for VGX.

    VGX correcting at resistance after intra-day positive factors

    VGX/USD Chart by TradingView

    On the each day chart, VGX has initiated a short-term bullish development since bottoming at $0.2. Following the intra-day positive factors, the cryptocurrency rose above resistance at $0.44. Nonetheless, the worth has retreated and will shut beneath the resistance.

    The RSI has moved above the impartial zone. There are not any purchased situations, nonetheless, suggesting {that a} larger value is feasible.

    Must you purchase VGX now?

    The closure of the each day candlestick above $0.44 may ignite bull curiosity in VGX. Nonetheless, this cryptocurrency is being pushed by speculations. 

    Thus, brief corrections can happen if the projected buyout of the embattled agency fails to happen. Shopping for VGX now might be untimely, and it’s good to attend till additional developments.

    The place to purchase VGX

    Binance

    Binance is without doubt one of the largest cryptocurrency exchanges on the planet. It’s higher suited to extra skilled traders and it provides a lot of cryptocurrencies to select from, at over 600.

    Binance can be identified for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, akin to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.


    Buy VGX with Binance today

    Swapzone

    Swapzone is a crypto alternate aggregator that operates as a gateway between the cryptocurrency group and alternate companies. Swapzone goals to offer a handy interface, secure person move, and crystal-clear information for customers to search out the very best alternate charges among the many entire cryptocurrency market.


    Buy VGX with Swapzone today



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