Is Voyager Token worth buying? Investing in lending

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on Jun 18, 2021
Updated: Jun 22, 2021
  • Voyager Token has the potential to climb to the $3 mark by the end of the month.
  • Its value has risen tremendously throughout the year, starting off at just $0.16.
  • If VGX raises its popularity due to NASCAR, we could see it go even higher.

Voyager VGX/USD is a cryptocurrency lending application that was released in January 2019 and has been growing in popularity ever since. This was due to the fact that it was easy to use and it has what is known as a Smart Order Routing engine that finds the best prices, and then passes them to the trader. It has no added fees or commissions but takes a portion of the spread.

The Voyager Token rewards users and is the native token of the ecosystem. It gives users cashback rewards, interest when held in the wallet, and other mechanisms within the loyalty program.

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The tokens themselves were issued as ERC-20 tokens, which means that they ran on the Ethereum network. This means that they cannot be mined such as many proof-of-work crypto assets.  Encouragingly, Voyager has received approval from the Financial Industry Regulatory Authority, Inc. (FINRA).

Should you buy VGX?

On June 17, Landon Cassill partnered up with Voyager Digital Ltd. This partnership will occur throughout the remainder of the 2021 NASCAR Xfinity Series Season. This makes Cassill the first driver to be paid fully in cryptocurrency. This sponsorship should give Voyager Token a marketing boost, increasing its popularity and demand in the market, and as such, make its price go higher potentially throughout the end of June. At the same time, SHIB also went live on Voyager. This increase of cryptocurrency support on the platform will lead to a higher requirement for VGX tokens, and with increased demand, typically you’ll find an increase in price.

On June 18, VGX was worth $2.35. It is clear that the Voyager team is pushing the platform as well as the coin hard with NASCAR sponsorship and support for some of the most recent and popular cryptocurrencies such as SHIB. 

As such, we could potentially see it get up to $3 by the end of the month, and if they can keep this momentum up and engage in more sports as well as events, it could very well hit the $6 mark that it had in late-February and early-March. 

Voyager started off 2021 with a value of $0.16, which makes it’s current $2.35 a sign of tremendous growth. If it manages to get up to the $3 mark again by the end of June, it has a bright future ahead of it.

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