Why Voyager Token’s (VGX) trading volume zoomed 219% today?

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Why Voyager Token’s (VGX) trading volume zoomed 219% today?

 Why Voyager Token’s (VGX) trading volume zoomed 219% today?
Image source: TK6photo,shutterstock

Highlights

  • The VGX token gained more than 84% in the past 12-months.

  • Its 24-hour trading volume rose over 219%.

  • The token logged an all-time high of US$12.54 in January 2018.

The Voyager Token (VGX) price fell by over 12%, but its 24-hour trading volume surged more than 219% on Friday morning.

What is Voyager Token (VGX)?

Voyager Token is a cryptocurrency broker. Its services were launched in October 2018. Voyager offers trading services for more than 55 crypto assets. It has a unique smart order technology that connects with over a dozen exchanges.

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It offers a secured access point for trading and is designed to cater to retail and institutional investors. Its mobile application was launched in January 2019.

VGX is a native token used to reward users in the Voyager ecosystem. Voyager also offers cashback and interest payments against the tokens as rewards.

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Voyager also offers 100% commission-free crypto transactions. The buyers or sellers are only required to pay the quoted price while ordering on the platform.

Voyager’s parent company is Crypto Trading Technologies co-founded by Stephen Ehrlich, Oscar Salazar, Philip Eytan, and Gaspard de Dreuzy.

The token’s current circulating supply is around 278.48 million.

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Why is Voyager Token (VGX) gaining investors’ attention?

Source: *Data provided by CoinMarketCap.com

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Voyager Token (VGX): Pricing and Performance

VGX was priced at US$2.00 at 9:24 am ET on January 21, down 12.63%. It has a market cap of US$557.09 million, and its fully diluted market cap is US$558.91 million.

Its 24-hour trading volume through Friday morning was US$20.02 million, up 219.94%. The token gained 84.68% in the past 12 months. Its highest price was US$7.50, and the lowest price was US$0.7106 in the last 52 weeks. It logged an all-time high price of US$12.54 on Jan 5, 2018.

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Bottomline

Currently, there are around 17,000 cryptocurrencies and 452 crypto exchanges. Investors should closely evaluate the risk factors before investing in the crypto market.

Disclaimer

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