Voyager Token Price Predictions: What Will Happen to VGX Crypto?

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The Traveler Token (VGX-USD) drop of 11% in late morning trading. This decline comes after digital travel (OTCMKTS:VYGVF), which created the VGX crypto, filed for bankruptcy yesterday. Voyager Digital is a brokerage firm that specializes in enabling consumers to trade dozens of cryptos.

Unsurprisingly, the number of Voyager tokens changing hands today is much higher than average. As of 10:42 a.m. EST, $11.66 million in tokens had been traded. The coin’s trading volume for an entire day has not exceeded this level since July 1.

Filing for bankruptcy

Voyager Digital filed for Chapter 11 bankruptcy protection after Capital of the Three Arrows, to which Voyager had lent $650 million, went into liquidation. Voyager noted that he was still seeking the funds he loaned to Three Arrows.

Alameda To research, a company controlled by billionaire crypto investor Sam Bankman-Fried, reportedly loaned Voyager $75 million. the Bankman-Fried company, FTXhas sought to rescue many crypto companies in recent weeks.

Voyager Token Price Predictions

Despite Voyager’s bankruptcy, some websites remain optimistic about the prospects for the VGX crypto. CryptoNewsZ, for example, reports that “the average price of Voyager throughout the year will be around $2.19”. Additionally, Gov Capital expects the crypto to hit $2 in August, while PricePrediction.net weighs in with an upper target of $1.06 for 2022.

As for the bearish Voyager Token price prediction, DigitalCoinPrice has a 2022 price target of 34 cents in 2022 and 49 cents in 2025. The most pessimistic of all is Wallet Investor., which expects the value of Voyager Token to fall to 1 cent in 2023.

As of the date of publication, Larry Ramer has not held (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.

Larry Ramer has researched and written about US stocks for 15 years. He was employed by The Fly and Israel’s largest business newspaper, Globes. Larry started writing columns for InvestorPlace in 2015. Some of his highly successful contrarian picks include GE, solar stocks and Snap. You can reach him on StockTwits at @larryramer.

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