Voyager token price prediction: reasons for its growth

In the past few years, more and more people have started investing in cryptocurrency. As a result, the price of cryptocurrencies has been on a trend upwards. One such coin is Voyager token (VGR). In this article we look at how to buy Voyager token with USD and how its value has increased over time.

Number of people investing in cryptocurrency has increased rapidly over the past few years. Most of these people were young people who were attracted by its price increase as well as possibility to get rich quickly. Over the last couple of years, cryptocurrency has also become increasingly popular with older people and those with a good financial background.

A crude estimate shows that over half a million new investors have entered the market since 2014. The number was over 2 million in 2015, and ended 2015 with 4 million new investors according to statistics compiled by Investopedia (a portal on global investments). Statistics also show that nearly half of all millionaires on U.

What is the Voyager token?

Voyager tokens are ERC-20 utility tokens that can be used to pay for services within the peer-to-peer network of decentralized VPNs developed by Voyager company. For example by paying with VGR you can get access to faster speeds within their network or get discounts on some services depending on the partner agreements they have formed.

At the moment, Voyager company has signed agreements with 40 VPN providers. If you compare them with other popular VPN services, such as IPVanish, Private Internet Access or Windscribe, you will see that the number of their partners is only a fraction of these providers.

This means that the Voyager company is centralized and can influence its price. On high volatility markets this could cause further drops in their token price. Also, we must consider that to create a network of thousands of VPNs it is necessary to partner with large companies that can sign contracts and pay for services to be delivered on their platforms.

Why is the Voyager Digital coin rising?

Voyager Digital was one of the most substantial cryptographic companies ever. During its peak, the Canadian company offered cryptocurrency trading and investing solutions to millions of people. VGX is the native governance token for their platform. They used to handle transactions worth billions of dollars every week.

On December 6, 2017, the company announced that they will be mainly focusing on the blockchain network market. They sold all of their cryptocurrency assets and exchange platform to another big player in the market named First Digital Capital Corp. It was a great move for Voyager as now they are using their experience to develop this new software.

The VGR token has been growing in price ever since. As we can see on the two charts below, its value has grown by more than 100 percent since early 2018 when the company changed its focus to blockchain software development. The first chart shows how it grew from January till March 2018. The second shows how it grew from April till now.

VGX price prediction

The $2 token had been bearish at the beginning of the year, with it trading below $2 on January 1st. The decline continued at a rapid rate on May 12th, when the price of tokens sold for less than $0.6. The proper noun spent the bulk of its time pursued a bearish trend. Many cryptocurrency companies have gone bankrupt in the last couple years.

The sudden drop led to its crashing down to the low of $0.12 in July. The coin’s value declined over the course of the day, from a high of $0.7 to a low of $0.5. The market is reaching new highs because of Q4’s success and the execution of newer updates and innovations. The price will go up if traders are enthusiastic. If they’re not, it’ll go down. Thus, we could expect a $0.9215 closing price on average.