Why the Bitcoin Dip sent a Voyager token on a trip to the Moon – Bitcoin – United States Dollar ($ BTC)

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Voyager Token (CRYPTO: VGX) climbed 46.55% to $ 4.13 in the 24 hours leading up to Wednesday night.

What is moving? VGX, the token of a cryptocurrency brokerage service, climbed 59.09% over a seven-day period. VGX’s 24-hour trading volume increased 749.24% to nearly $ 63.7 million, according to data from CoinMarketCap.

Against the major cryptocurrencies – Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) – VGX climbed 42.68% and 40.23%, respectively.

Over the past 30 days, VGX’s gains have stood at 78.02%, while it has appreciated 2390.78% year-to-date.

See also: How to buy a Voyager Token (VGX)

Why is it moving? The Voyager token price has skyrocketed at the time of publication along with the broader market as the global cryptocurrency market cap rose 2.82% to $ 2.65 trillion.

The main news from the Voyager token that backed the coin was that it would be listed on the Pro platform of Coinbase Global Inc (NASDAQ: COIN). Coinbase said on its blog that VGX trading will start at 9 a.m. or later on Thursday.

VGX attracted increased interest from retail investors at the time of publication and a trend was seen on Stocktwits. The token also trended on CoinMarketCap.

Stephen Ehrlich, CEO of Voyager Digital Ltd (OTC: VYGVF) appeared on Yahoo Finance and said the company is having a “record quarter.” The CEO also referred to the launch of a Mastercard debit card product.

Ehrlich also commented that the downward movement of BTC is increasing volumes on the Voyager platform.

“Over the last couple of days we’ve seen bitcoin drop by around 10%, and it’s really increasing the volume on our platform because people are buying into those lows,” Voyager Digital CEO @ Ehrls15 said. , adding: “One piece that we’re seeing a lot of activity on… is an avalanche. pic.twitter.com/Xtqn2QC6F3

– Yahoo Finance (@YahooFinance) November 17, 2021

Voyager Digital reported first quarter earnings per share of $ 0.18 on Nov. 15 with revenue of $ 81.51 million. In the last quarter, the company’s assets under management reached just under $ 7 billion.

Voyager Digital’s OTC shares rose nearly 2% to $ 15.88 in the after-hours session Wednesday after closing down 7.36% at $ 15.57.

Read more: Bitcoin Recovers $ 60,000, Ethereum and Dogecoin Hold It Together, But These Coins Are In Massive Circulation Today

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