Voyager token rose by double-digits on Thursday
Reports of acquisition by Binance.US boosted the token
The token faces a correction at key resistance
Voyager (VGX/USD) was at 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. Positive cryptocurrency news was boosting the token of the bankrupt crypto lender.
On Thursday, experiences 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 buy experiences on Thursday. CZ stated Binance.US would bid once more for Voyager after the cope with collapsed FTX didn’t undergo.
Binance.US is not the solely entity to eye the property of Voyager. On November 22, Kaj Labs stated it might launch a second supply to amass the property of the embattled agency. Kaj Labs says it nonetheless sees worth in the property of Voyager and will negotiate in good religion with the agency. However, 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 short correction. The next price action and developments would decide whether or not we see a sustained bullish surge for VGX.
VGX correcting at resistance after intra-day positive aspects
On the day by day chart, VGX has initiated a short-term bullish development since bottoming at $0.2. Following the intra-day positive aspects, the cryptocurrency rose above resistance at $0.44. However, the price has retreated and may shut beneath the resistance.
The RSI has moved above the impartial zone. There are not any purchased situations, nonetheless, suggesting {that a} greater price is doable.
Should you purchase VGX now?
The closure of the day by day candlestick above $0.44 may ignite bull curiosity in VGX. However, this cryptocurrency is being pushed by speculations.
Thus, brief corrections can happen if the projected buyout of the embattled agency fails to happen. Buying VGX now might be untimely, and it’s good to attend till additional developments.
Where to purchase VGX
Binance
Binance is considered one of the largest cryptocurrency exchanges in the world. It is higher suited to extra skilled buyers and it affords numerous cryptocurrencies to select from, at over 600.
Binance is additionally identified for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, equivalent to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
Swapzone
Swapzone is a crypto change aggregator that operates as a gateway between the cryptocurrency neighborhood and change companies. Swapzone goals to offer a handy interface, secure consumer circulate, and crystal-clear knowledge for customers to search out the greatest change charges amongst the complete cryptocurrency market.
