The Voyager (CCC:VGX-USD) cryptocurrency is up 15% this morning and trending on social media, raising questions about Voyager price predictions.
So what do you need to know?
Voyager is a crypto broker that facilitates trading across various exchanges, essentially helping investors access cryptos on different platforms. It does this through its “Smart Order Routing.” Its native token, the VGX crypto, works to provide rewards to users of the Voyager ecosystem.
Perhaps unsurprisingly, the popularity of Voyager has grown over the last six months as people buy and sell cryptos like Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD). VGX hit a 52-week high of $7.50 in February 2021, but has come down 72% since then. Voyager’s all-time high was $12.54 per token.
As Voyager again runs higher, here is a round up of where analysts see the cryptocurrency’s price heading in the coming months and years.
Voyager Price Predictions
- Wallet Investor forecasts that VGX could be as high as $14.11 within five years and that a $100 investment made today could be worth $711.39 by the year 2027.
- CryptoNewsZ predicts that Voyager’s price will average $5.71 this year but could go as high as $6.74. The average price prediction of $5.71 would be 190% higher than where VGX is currently trading.
- DigitalCoinPrice offers a more modest price forecast, predicting that Voyager will be worth $3.45 within the next year, which would represent a gain of 75%.
- Gov Capital sees the price of VGX reaching $8.90 by the end of 2023 for a potential gain of 350%.
What’s Next for the VGX Crypto
It’s not clear what exactly is driving the price of Voyager higher today. And the price predictions for the cryptocurrency broker are all over the place, ranging from as low as $3.45 to more than $14 per token. What is clear is that the entire cryptocurrency market continues to endure a high rate of volatility and big price swings. Bitcoin, the largest cryptocurrency by market value, is currently trading at $38,600, about half the level it was at two months ago. Given the continued volatility, investors should be careful with VGX and other cryptocurrencies. The sharp run higher could quickly turn downwards.
On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
