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VGX, Native Crypto Of Troubled Voyager Platform, Gains 44% Over Last 24 Hours

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VGX, Native Crypto Of Troubled Voyager Platform, Gains 44% Over Last 24 Hours

Voyager (VGX), the crypto exchange platform that declared bankruptcy in July, used to be a force to reckon with in the crypto space.

  • VGX pumps up in price by 44% in the past 24 hours
  • Voyager Digital files notice for public auction of the remainder of its assets
  •  VGX registers a spike in trading volume and social metrics 

In fact, VGX, its native token, has soared 10x in a few months following its launch.

VGX token exhibited some generous spike in 2021 but was terribly decapitated by the crypto downturn in 2022 that led to its bankruptcy.

Albeit, VGX seems to be recovering on coming back stronger as it has registered a remarkable gain stepping it up amid the top 200 cryptocurrencies.

According to CoinMarketCap, VGX price has nosedived by 19.56% or trading at $0.8528 as of this writing.

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Voyager Digital Files Notice For Auction

Voyager Digital has recently filed a notice informing the United Stated Bankruptcy Court for the Southern District of New York that the company will be having an auction to dispose the remainder of its assets.

The auction is set to be held at the Manhattan office of Moelis & Company on September 13. More so, hearing on approval on the results is scheduled on September 29.

Apart from Voyager hinting there’s trouble in paradise, this also indicates that the crypto platform has received more than enough bids for its remaining assets which Voyager has recently confirmed in a tweet.

Apparently, Voyager has been getting multiple bids on the auction of its assets which can further consolidate and strengthen the platform’s redesign process. Evidently, this development came following a crypto lender’s rejection of an offer coming from FTX exchange.

VGX Trading Volume Remains Bullish

VGX has seen remarkable gains since then. With a revved up trading activity, VGX token’s trading volume has also soared by 2,000% overnight. Reportedly, in August, trading volume of Voyager token is at $87.64 which is considerably the highest daily volume registered for VGX in the past month.

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Chart: CoinMarketCap

Following a massive bullish momentum, VGX’s social dominance has also appeared bullish which isn’t a surprise. However, despite the positive outlook of VGX token, the future of both Voyager Digital and VGX token looks bleak which means investing or trading should be made with extreme caution.

Voyager token is a US-based crypto exchange platform established in 2017 by founders Stephen Ehrlich, the CEO, together with Gaspard de Dreuzy and Philip Eytan, finance and tech industry titans.  Voyager happens to be a registered traded company listed on the Toronto State Exchange.

The crypto exchange platform has over 100 coins that you can buy using its secure and fast mobile application that allows users to earn 7% to as much as 12% in rewards on a yearly basis plus an opportunity to beef up earning though the Voyager Loyalty Program.

Voyager has so many exciting and innovative plans and perks in store for users such as debit card plus other DeFi projects.

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Crypto total market cap at $1 trillion on the daily chart | Source: TradingView.com    Featured image from CoinJournal, chart from TradingView.com

Bitcoin

Has Bitcoin Price Broken Out Of Downtrend Resistance? BTCUSD Analysis October 6, 2022

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Has Bitcoin Price Broken Out Of Downtrend Resistance? BTCUSD Analysis October 6, 2022

Tony Spilotro

I’m Tony Spilotro. Behind the pseudonym, I’m a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck – literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn’t yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can’t yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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Bitcoin

TA: Bitcoin Price Breaking This Confluence Resistance Could Spark Strong Surge

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TA: Bitcoin Price Breaking This Confluence Resistance Could Spark Strong Surge

Bitcoin price is showing positive signs above $20,000 against the US Dollar. BTC could start a strong surge if it clears the $20,500 resistance.

  • Bitcoin is gaining pace above the $19,800 and $20,000 resistance levels.
  • The price is trading above $20,100 and the 100 hourly simple moving average.
  • There is a key bullish trend line forming with support near $20,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could gain bullish momentum if there is a clear move above the $20,500 resistance.

Bitcoin Price Remains Supported

Bitcoin price attempted an upside break above the $20,500 resistance zone. However, BTC struggled near the $20,450 zone and started a downside correction.

There was a move below the $20,000 support zone, but the price remained supported well above the 100 hourly simple moving average. It traded as low as $19,754 and recently started a fresh increase. There was a clear move above the $20,000 and $20,200 resistance levels.

Bitcoin price climbed above the 50% Fib retracement level of the recent decline from the $20,475 swing high to $19,754 low. It is now trading above $20,100 and the 100 hourly simple moving average. Besides, there is also a key bullish trend line forming with support near $20,150 on the hourly chart of the BTC/USD pair.

It also cleared the 76.4% Fib retracement level of the recent decline from the $20,475 swing high to $19,754 low. On the upside, an immediate resistance is near the $20,450 level. The next major resistance sits near the $20,500 zone.

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Source: BTCUSD on TradingView.com

A proper close above the $20,500 resistance might start another increase. In the stated case, the price could even surpass the $21,000 resistance zone. In the stated case, the bulls might aim a move towards the $22,000 level.

Dips Supported in BTC?

If bitcoin fails to rise above the $20,450 resistance zone, it could start a downside correction. An immediate support on the downside is near the $20,200 zone.

The next major support is near the $20,100 zone and the trend line. A downside break below the trend line might send the price towards $19,750. The main support is near $19,500, below which the price might start a steady decline.

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Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $20,200, followed by $20,000.

Major Resistance Levels – $20,500, $21,200 and $22,000.

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Bitcoin

Bitcoin Bulls Snap Back With The Bollinger Bands | BTCUSD Analysis October 5, 2022

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Bitcoin Bulls Snap Back With The Bollinger Bands | BTCUSD Analysis October 5, 2022

Tony Spilotro

I’m Tony Spilotro. Behind the pseudonym, I’m a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck – literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn’t yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can’t yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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