VOYAGER VGX 2.0 COMPLETE - BULLISH FUNDAMENTALS - WHATSUP PRICE?
Updated
VGX 2.0 has mostly been down-trending since going live on 08/20/2021 and I've been seeing increasing concerns over the price action so I wanted to post an updated chart, a summary of recent events, and why I'm VVGX is my most bullish longterm hold.
It has been tough to chart VGX since the swap TradingView erased the "BQX" pairs which essentially erased all price action previous to 8/20/2021.
Ether way, due to fundamentals, upcoming events, and 4+ months of pullback/ consolidation after VGX's 3000% move up, I'm expecting a reversal in the near future followed by aggressive expansion.
I actually think the move will be much more explosive than my squiggles but I want to lean on the conservative side.
VGX / BQX history - skip this if you are familiar with the Voyager Digital's acquisition of Ethos
Voyager Digital was founded in 2019 through the acquisition of Ethos, a leading Universal Wallet & Blockchain Service Provider, by established Wall Street and Silicon Valley entrepreneurs, including Oscar Salazar, the co-founder of Uber, and Steve Ehrlich, the former CEO of E*TRADE Professional Trading.
Steve Ehrlich, founding CEO of Voyager, has a history of leading many major acquisitions throughout his career. He has been incredibly successful throughout his 25+ years in capital markets. Steve disrupted the brokerage industry in the 2000's during his time as CEO of E*Trade Professional Trading with its electronic trading tools and expensive Super Bowl commercials. Steve later purchased the professional trading unit of E-Trade Financial and formed LightSpeed Financial, a retail broker-dealer, where he was responsible for eight major acquisitions.
BQX was the Ethos native token which Voyager rebranded to VGX (though TradingView and Binance still shows the token as BQX). Voyager has been hyper focused on staying ahead of the curve when it comes to regulation. In order to efficiently expand into Europe Voyager acquired LGO, an entity regulated by the AMF, France's stock market regulatory authority.
Tokenswap price action
The VGX tokenswap is the result of 2 main reasons:
1) Needing to merge LGO's native token (
LGO) into Voyager's native token (VVGX or BQX)
2) Adding new smart-contract functionality (DeFi etc.) that was not possible with the older Ethos smart-contract
The tokenswap, similar to a dilutive acquisition in traditional markets, increased the total supply of VGX which is the cause of the downward price action since the VGX 2.0 release.
What we are seeing is normal. The total supply of VGX just went from 222,295,208 to 295,491,293 (Excluding the tokens that are not swapped by 09/20/2021 and will be burned).
Read the VGX 2.0 Whitepaper for all details:
research.investvoyager.com/whitepaper/
So why am I bullish?
Below is the summary I posted in a previous post:
Let's review the fundamentals:
THE TEAM
Voyager is PUBLICLY TRADED
Do you know how rare that is in crypto? Prior to Coinbase, Voyager was THE ONLY publicly traded crypto broker/ exchange. Crypto is all about transparency, why wouldn't you want your exchange to be transparent about their growth/ revenue as well
Insane GROWTH
Total funded accounts
VGX 2.0 TOKEN UTILITY
--The Voyager Loyalty Program ( VLP ) includes
ROADMAP
VGX is currently $3.61 with a marketcap of ~1 billion.
In the grand scheme of things, crypto adoption is just getting started.
The entire crypto market cap is ~2.3T today.
Gold is 11.6T
Apple alone is 2.4T.
Crypto adoption will continue -> Voyager's user growth will continue -> VGX scarcity will increase.
Voyager has positioned itself very well for the coming years and I expect it to be one of, if not the leader in the new age of digital finance.
VVGX is the best R/R in crypto by far.
My conservative 2021 target of $15 still stands...$30 still possible.
[b}My bags have been loaded since 2020 and I still purchase on every dip. Get yours:
Sign up with code CKZSZT or link below to get $25 in BTC
voyager.onelink.me/WNly/referral?af_sub5=CKZSZT
Hope this helped :)
-CryptoErt
It has been tough to chart VGX since the swap TradingView erased the "BQX" pairs which essentially erased all price action previous to 8/20/2021.
Ether way, due to fundamentals, upcoming events, and 4+ months of pullback/ consolidation after VGX's 3000% move up, I'm expecting a reversal in the near future followed by aggressive expansion.
I actually think the move will be much more explosive than my squiggles but I want to lean on the conservative side.
VGX / BQX history - skip this if you are familiar with the Voyager Digital's acquisition of Ethos
Voyager Digital was founded in 2019 through the acquisition of Ethos, a leading Universal Wallet & Blockchain Service Provider, by established Wall Street and Silicon Valley entrepreneurs, including Oscar Salazar, the co-founder of Uber, and Steve Ehrlich, the former CEO of E*TRADE Professional Trading.
Steve Ehrlich, founding CEO of Voyager, has a history of leading many major acquisitions throughout his career. He has been incredibly successful throughout his 25+ years in capital markets. Steve disrupted the brokerage industry in the 2000's during his time as CEO of E*Trade Professional Trading with its electronic trading tools and expensive Super Bowl commercials. Steve later purchased the professional trading unit of E-Trade Financial and formed LightSpeed Financial, a retail broker-dealer, where he was responsible for eight major acquisitions.
BQX was the Ethos native token which Voyager rebranded to VGX (though TradingView and Binance still shows the token as BQX). Voyager has been hyper focused on staying ahead of the curve when it comes to regulation. In order to efficiently expand into Europe Voyager acquired LGO, an entity regulated by the AMF, France's stock market regulatory authority.
Tokenswap price action
The VGX tokenswap is the result of 2 main reasons:
1) Needing to merge LGO's native token (
LGO) into Voyager's native token (VVGX or BQX)2) Adding new smart-contract functionality (DeFi etc.) that was not possible with the older Ethos smart-contract
The tokenswap, similar to a dilutive acquisition in traditional markets, increased the total supply of VGX which is the cause of the downward price action since the VGX 2.0 release.
What we are seeing is normal. The total supply of VGX just went from 222,295,208 to 295,491,293 (Excluding the tokens that are not swapped by 09/20/2021 and will be burned).
Read the VGX 2.0 Whitepaper for all details:
research.investvoyager.com/whitepaper/
So why am I bullish?
Below is the summary I posted in a previous post:
Let's review the fundamentals:
THE TEAM
- CEO - Steve Ehrlich - Ex CEO of E*TRADE
- Co-founder & advisor - Oscar Salazar - Founding CTO of UBER
- Chairman - Philip Eytan - - Founding investor in Livestream, Socure, early investor in UBER, and cofounder of Pager-Board member
- Board member - Gaspard de Dreuzy - Co-founder of Trade.it and Pager
Voyager is PUBLICLY TRADED
Do you know how rare that is in crypto? Prior to Coinbase, Voyager was THE ONLY publicly traded crypto broker/ exchange. Crypto is all about transparency, why wouldn't you want your exchange to be transparent about their growth/ revenue as well
Insane GROWTH
Total funded accounts
- Jan 2021 - 60k TFA
- July 2021 - 665k+ (up 146% from last quarter) - Verified users exceed 1.75m
VGX 2.0 TOKEN UTILITY
--The Voyager Loyalty Program ( VLP ) includes
- Staking
- Interest rate boosts
- Cashback on trades
- Reduced fees
- Debit card perks (Announced for the fall!)
- Can't forget the start of their TOKEN BURN
- Additional features TBA
ROADMAP
- Voyager is working to be listed on the NASDAQ making them even more legit (Currently on XCNQ: VYGR OTCQB: VYGVF )
- Expansion to Canada & Europe
- Trading stock
- Desktop
- Dark mode
- Payment network (kinda like venmo)]
VGX is currently $3.61 with a marketcap of ~1 billion.
In the grand scheme of things, crypto adoption is just getting started.
The entire crypto market cap is ~2.3T today.
Gold is 11.6T
Apple alone is 2.4T.
Crypto adoption will continue -> Voyager's user growth will continue -> VGX scarcity will increase.
Voyager has positioned itself very well for the coming years and I expect it to be one of, if not the leader in the new age of digital finance.
VVGX is the best R/R in crypto by far.
My conservative 2021 target of $15 still stands...$30 still possible.
[b}My bags have been loaded since 2020 and I still purchase on every dip. Get yours:
Sign up with code CKZSZT or link below to get $25 in BTC
voyager.onelink.me/WNly/referral?af_sub5=CKZSZT
Hope this helped :)
-CryptoErt
Note
Clarifying " The total supply of VGX just went from 222,295,208 to 295,491,293"By "total supply" I meant "max supply"
Circulating supply pre-swap was 222,295,208
Circulating supply now is ~277.17m
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