- Voyager token had boosted its price to over +250% in the past week.
- Bullish VGX price prediction in 2021 is up to $1.
- Voyager network increased its assets fund to over $265 million in early January.
Voyager Token (VGX), formerly known as Ethos (ETHOS) cryptocurrency, electrified the crypto world in the past week. Specifically, it surged to over 250%. As a result, VGX is now on close watch by investors around the world.
The recent acceleration of VGX price is likely attributed by its asset increase to over $265 million in early January. In terms of market position, the market capitalization of VGX amounts to almost $155 million. Furthermore, VGX has an average daily trading volume of over $20 million.
With these recent developments, is VGX a good investment in 2021? Let’s find out in this VGX price prediction 2021 article.
Voyager Token (VGX) Price Analysis
Based on the graph above, VGX continues to move above the Arnaud Legoux Moving Averages (ALMA), a bullish indicator. Recently, VGX trades a high price of $0.719 with a growth rate of +313% in the past 7 days. If this keeps on, the bulls might rally its price near $.80 to $.85.
Granted that, traders can predict the price of the crypto to reach $1, a bullish price with almost +40% from its current price. Of course, this most likely will happen if the bullish market remains in favor of the crypto.
However, if the bullish market turns against the crypto, VGX might break out from its uptrend position. In other words, the crypto price might decline to over $.35. In this case, VGX must regain its composure and head back to a price above ALMA. Otherwise, the bears might drag the price of the crypto even further to $.20, a level that could trigger FOMO.
Regardless, the moving average convergence/divergence (MACD) remains above the signal indicator. In short, the traders can still look forward to more bullish days ahead.
Meanwhile, the relative strength index (RSI) of the crypto is already at its overbought state. For this reason, traders, especially scalp and day traders, must trade with caution because anytime VGX might trigger a price reversal.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.