Voyager Price Prediction 2024: After Bankruptcy, Will VGX Survive?

Key Takeaways

• The Voyager crypto brokerage filed for bankruptcy on 6 July 2022.
• What’s next for Voyager and the VGX token?
• One price prediction says it may reach $0.449411 next year.

The Voyager crypto lending platform has been through a tough time over the last year or so. It declared bankruptcy and nearly sold its assets to the Binance crypto exchange – only for Binance to pull out at the last minute in April, leaving Voyager facing liquidation.

After Binance and its fellow exchange Coinbase were targeted by lawsuits from the United States Securities and Exchange Commission, the price of VGX tanked, with its future still very much uncertain.

Voyager did not immediately respond to a request for comment.

But what is Voyager (VGX)? How does Voyager work? Let’s take a look and see what we can find out, and also examine some of the Voyager price predictions that were being made on February 29, 2024.

Voyager Price Prediction

With that all out of the way, let’s take a look at some of the Voyager price predictions that were being made as of February 29, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, very often end up being wrong. Also, keep in mind that many longer-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice.

First, CoinCodex  had a short-term Voyager price prediction which said that the token would be somewhat volatile in the coming weeks, with it rising to $0.123986 by March 5 and reaching $0.147570 by March 30. The site’s technical analysis was bearish, with 19 indicators sending encouraging signals and 13 making bullish ones.

Voyager Forecast for 2024

In terms of other Voyager price predictions for 2024, DigitalCoinPrice  said the token would be worth $0.26. Bitnation  and PricePrediction.net  predictions were above and under that level, suggesting it would trade at $0.331145 and $0.1887, respectively. 

Voyager Forecast for 2025

When it came to a Voyager price prediction for 2025, Bitnation argued that it would trade at $0.449411, ahead of PricePrediction.net, which said it would be worth $0.2793 that year. Again, DigitalCoinPrice was ahead of the pack, saying that VGX would stand at $0.31 next year.

Voyager Forecast for 2030

As far as a long-term Voyager price prediction for 2030 was concerned, it was PricePrediction.net that was the most optimistic. The site said that it could reach $1.97 that year, with DigitalCoinPrice saying that it would hit $0.89 and Bitnation saying it would trade at $1.04 at the start of the next decade.

Google Gemini AI Price Prediction for Voyager (as of February 29)

Google’s Gemini AI platform gave the following price prediction for Voyager on February 29. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

• Expected price: $0.14

• Factors to Consider:
  • Overall market sentiment: The broader cryptocurrency market’s health and sentiment can significantly influence individual token prices, including VGX.
  • Voyager platform developments: Any significant announcements, partnerships, or technological advancements on the Voyager platform could influence VGX’s price.
  • Regulatory landscape: Regulatory changes and uncertainties surrounding cryptocurrencies could impact investor sentiment and, consequently, VGX’s price.

Medium Term (Next 6 months)

• Expected price: $1.77

• Factors to Consider:
  • Overall market trends: The performance of Bitcoin and other major cryptocurrencies can significantly impact VGX price.
  • Voyager platform developments: New features, partnerships, or regulatory decisions affecting Voyager could impact VGX demand.
  • Adoption and usage: Increased adoption and usage of VGX within the Voyager platform could drive its price up.

Long Term (Next 5 years)

• Expected price: $4.51

• Factors to Consider:
  • Overall performance of the cryptocurrency market: VGX’s price is likely to be correlated with the broader cryptocurrency market’s performance. If the market experiences a significant bull run, VGX could see its price rise as well. Conversely, a bear market could lead to a decline in VGX’s price.
  • Adoption and usage of the Voyager platform: Increased adoption and usage of the Voyager platform could increase demand for VGX, potentially pushing its price upwards.
  • Developments and partnerships: New features, partnerships, and developments on the Voyager platform could also positively impact VGX’s price.
  • Regulations: Regulatory changes could potentially impact the cryptocurrency market as a whole, which could indirectly affect VGX’s price.

VGX Price History

Let’s now take a look at some of the Voyager price history . While past performance should never be taken as an indicator of future results, knowing what the crypto has done in the past can help us when it comes to either making or interpreting a Voyager price prediction. 

VGX first hit the open market in the summer of 2017 when it was worth about $0.06. It grew steadily until the cryptobubble of late 2017 and early 2018, when it shot up to what still serves as an all-time high of $12.54 on 5 January 2018.

After that, it sank down in the midst of the so-called crypto winter, and it did not really get going until the market exploded in early 2021.

Voyager broke past $1 for the first time in more than two years on its way to a periodic high of $6.97 on 1 March.

The price of VGX shrunk after this as the crypto market cooled off over the summer, but it reemerged in the autumn, rising above $5 in November before closing the year at $2.97. 

In 2022, Voyager, along with the rest of the market, suffered as the world of crypto experienced a series of crashes.

VGX dropped below the  dollar in April and it fell to around $0.15 in the middle of July. There was some recovery after this and briefly operated above $1 in September, but the collapse of the FTX exchange in November saw it slow back down to close the year at $0.2982, an annual loss of nearly 90%.

Voyager in 2023 and 2024

So far, 2023 has not been a great year for Voyager, either. Although it spiked to hit $0.7817 on 30 January it has been downhill ever since then and, on 21 June 2023, it was worth $0.1125.

It then ended 2023 at $0.1353 before falling below $10 in January 2024. VGX rose in February, reaching $0.1201 on February 29, 2024.

At that time, there were 278.4 million VGX in circulation, representing the total supply. This gave the token a market cap of $33.4 million, making it the 702nd largest crypto by that metric.

Is Voyager a Good Investment?

It is hard to say. With Voyager filing for bankruptcy, a proposed buyout by Binance collapsing and the platform facing liquidation, things do not, at least at first glance, look too good.

On the other hand, cryptocurrencies can be surprisingly resilient, so there is always the possibility that it could make a comeback. 

Either way, you will need to do your own research before deciding whether or not to invest in Voyager. 

Will Voyager go up or down?

No one can really tell right now. While the forecasts are, on the whole, positive, remember that crypto price predictions have a well-earned reputation for being wrong.

You should also understand that prices can, and do, go down as well as up. Keep in mind, too, that the future of the Voyager platform itself is far from certain. 

Should I invest in Voyager?

Before you decide whether or not to invest in Voyager, you will have to do your own research, not only on VGX, but on other, similar coins and tokens.

Remember, too, that it is vital you never invest more money than you can afford to lose. 

Voyager (VGX) Explained

Voyager  was founded in 2018, by entrepreneurs Stephen Ehrlich, Philip Eytan, Gaspard de Dreuzy and Oscar Salazar, the founders of Crypto Trading Technologies.

The idea was to create a crypto exchange that was more like a traditional broker, with it offering people who held money in the platform annual interest of up to 12%.

The system was initially very successful, and shares were traded on the Toronto Stock Exchange starting in September 2021.

Less than a year later, though, on 1 July 2022, Voyager stopped  customer trading, deposits, withdrawals and loyalty rewards after the Three Arrows Capital crypto hedge fund defaulted  on a loan worth more than $670 million. 

By 6 July 2022, Voyager had filed  for bankruptcy. 

Voyager’s native VGX token was designed to help support the system, being used to pay interest on the Voyager mobile phone app. 

How Voyager Works

Voyager was designed to connect people to various crypto exchanges and utilized something called “smart order-routing technology” to link people with the exchanges. Until it declared bankruptcy, it was also able to issue loans. 

VGX was utilized to support the network itself. Although it could not be staked, it was used to pay out rewards and interest for people who held their crypto in Voyager. 

One thing to point out is that, because Voyager is based on the Ethereum (ETH) blockchain, it is a token, rather than a coin, you might see references to such things as a Voyager coin price prediction, but these are wrong.

Voyager Attention Tracker

Here is a chart for the Voyager Google search volume for the past 90 days. This represents how many times the term “Voyager VGX” has been Googled over the previous 90 days.

FAQs 

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About the Author

Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.

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