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Crypto News

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

Voyager (VGX), the crypto alternate platform that declared chapter in July, was once a drive to reckon with within the crypto area.

  • VGX pumps up in price by 44% up to now 24 hours
  • Voyager Digital information discover for public public sale of the rest of its property
  •  VGX registers a spike in buying and selling quantity and social metrics 

In reality, VGX, its native token, has soared 10x in a couple of months following its launch.

VGX token exhibited some beneficiant spike in 2021 however was terribly decapitated by the crypto downturn in 2022 that led to its chapter.

Albeit, VGX appears to be recovering on coming again stronger because it has registered a outstanding acquire stepping it up amid the highest 200 cryptocurrencies.

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

Voyager Digital Files Notice For Auction

Voyager Digital has not too long ago filed a discover informing the United Stated Bankruptcy Court for the Southern District of New York that the corporate might be having an public sale to dispose the rest of its property.

The public sale is ready to be held on the Manhattan workplace of Moelis & Company on September 13. More so, listening to on approval on the outcomes is scheduled on September 29.

Apart from Voyager hinting there’s hassle in paradise, this additionally signifies that the crypto platform has obtained greater than sufficient bids for its remaining property which Voyager has not too long ago confirmed in a tweet.

Apparently, Voyager has been getting a number of bids on the public sale of its property which might additional consolidate and strengthen the platform’s redesign course of. Evidently, this improvement got here following a crypto lender’s rejection of a proposal coming from FTX alternate.

VGX Trading Volume Remains Bullish

VGX has seen outstanding good points since then. With a revved up buying and selling exercise, VGX token’s buying and selling quantity has additionally soared by 2,000% in a single day. Reportedly, in August, buying and selling quantity of Voyager token is at $87.64 which is significantly the very best each day quantity registered for VGX up to now month.

Chart: CoinMarketCap

Following an enormous bullish momentum, VGX’s social dominance has additionally appeared bullish which isn’t a shock. However, regardless of the constructive outlook of VGX token, the way forward for each Voyager Digital and VGX token seems bleak which suggests investing or buying and selling needs to be made with excessive warning.

Voyager token is a US-based crypto alternate platform established in 2017 by founders Stephen Ehrlich, the CEO, along with Gaspard de Dreuzy and Philip Eytan, finance and tech trade titans.  Voyager occurs to be a registered traded firm listed on the Toronto State Exchange.

The crypto alternate platform has over 100 coins that you may purchase utilizing its safe and quick cell software that permits customers to earn 7% to as a lot as 12% in rewards on a yearly foundation plus a possibility to beef up incomes although the Voyager Loyalty Program.

Voyager has so many thrilling and modern plans and perks in retailer for customers equivalent to debit card plus different DeFi initiatives.

Crypto complete market cap at $1 trillion on the each day chart | Source: TradingView.com

Featured picture from CoinJournal, chart from TradingView.com

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