Voyager token (VGX/USD) jumps 24%. Here is the reason and potential price action next


  • Voyager token rose by double-digits on Thursday

  • Reviews of acquisition by Binance.US boosted the token

  • The token faces a correction at key resistance

Voyager (VGX/USD) was on the centre of retail curiosity on Thursday, witnessing a surge in buying and selling volumes. The cryptocurrency of the embattled crypto agency Voyager Digital was strongly talked about on social buying and selling platforms. Optimistic cryptocurrency news was boosting the token of the bankrupt crypto lender.

On Thursday, reviews emerged that Binance.US was shopping for the embattled crypto agency. Voyager filed for bankruptcy protection in July in a liquidity disaster after a sustained crypto winter. Binance CEO Changpeng Zhao confirmed the acquisition reviews on Thursday. CZ stated Binance.US would bid once more for Voyager after the cope with collapsed FTX didn’t undergo. 

Binance.US just isn’t the one entity to eye the belongings of Voyager. On November 22, Kaj Labs stated it might launch a second supply to accumulate the belongings of the embattled agency. Kaj Labs says it nonetheless sees worth within the belongings of Voyager and can negotiate in good religion with the agency. Nonetheless, the entry of Biannce.US to the bidding battle has attracted consideration.

VGX traded at an intraday excessive of $0.53, from the lows of $0.35. As of press time, the cryptocurrency was buying and selling at $0.44 after a quick correction. The following worth motion and developments would decide whether or not we see a sustained bullish surge for VGX.

VGX correcting at resistance after intra-day good points

VGX/USD Chart by TradingView

On the each day chart, VGX has initiated a short-term bullish development since bottoming at $0.2. Following the intra-day good points, the cryptocurrency rose above resistance at $0.44. Nonetheless, the worth has retreated and will shut beneath the resistance.

The RSI has moved above the impartial zone. There aren’t any purchased circumstances, nonetheless, suggesting {that a} greater worth is feasible.

Do you have to purchase VGX now?

The closure of the each day candlestick above $0.44 might ignite bull curiosity in VGX. Nonetheless, this cryptocurrency is being pushed by speculations. 

Thus, quick corrections can happen if the projected buyout of the embattled agency fails to happen. Shopping for VGX now may very well be untimely, and it’s good to attend till additional developments.

The place to purchase VGX

Binance

Binance is among the largest cryptocurrency exchanges on the planet. It’s higher suited to extra skilled buyers and it provides a lot of cryptocurrencies to select from, at over 600.

Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, comparable to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.


Buy VGX with Binance today

Swapzone

Swapzone is a crypto change aggregator that operates as a gateway between the cryptocurrency neighborhood and change companies. Swapzone goals to supply a handy interface, protected person circulate, and crystal-clear knowledge for customers to search out the very best change charges among the many complete cryptocurrency market.


Buy VGX with Swapzone today



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