The Relativity of VGX and Crypto
You know the feeling when you are moving fast, but it feels like you are standing still? Einstein called this relativity and it applies to crypto. The whole market is moving at light speed. Every known metric shows positive news and increasing user adoption, yet everyone is focused on the 1 minute, 1 hour, 1 day price chart. Price is not a measure of velocity or value. That is why valuation tools like Metcalfe’s law are so important to find perspective.
VGX has been in a consolidation pattern for the last 18 days after breaking out following the Voyager loyalty announcement. Nothing has changed fundamentally during this span. The Voyager app continues to climb the app store rankings up to #35 in the finance section and funded accounts continue to increase. Looking at the Metcalfe Value pricing model, the actual token efficiency currently is only 40% with current price ~21% under that value.
So why is price stagnant, below value, and token efficiency so low? It all goes back to utility. The token swap and the loyalty program dates are still TBD. The 54% token efficiency calculated in Warp Speed — Voyage(r) to the Cosmos was based on the new loyalty program, and it hasn’t been implemented yet.
But don’t fret, this is creating a nice buying opportunity for those trying to get to the next loyalty tier. Once the token swap is complete and the loyalty program in place, expect price to move back inline with its value. Plus there is still Canada, New York, Europe, Debit Card, Credit Card, and Crypto to Stocks, etc. And as if that is not enough, don’t forget the flight path.
Relativity of VGX and Crypto
It’s fascinating observing the community discontent when VGX consolidates and the broader market goes up. VGX goes from $0.15 to $7 in 60 DAYS and is the best performing token in all of crypto, but the focus is on what other coins are doing in the market.
Let’s not forget, the success of the broader crypto market is the success of Voyager and VGX over time. The great thing about being a VGX holder is cheering on every other project to be successful. Will there be tokens that perform better in different time frames? Absolutely. But short term gains don’t always consider the risk being taken nor the value received. VGX is a longer term play because it is a play on crypto adoption and the wave gets bigger everyday.
The current VGX community discussion reminds me of December 2020. Since many have amnesia, I circled the timeframe on the chart. Some actually sold all their positions in this area thinking they could trade back in at the right time…
Price is not a measure of velocity or value. VGX has been consolidating under its value while the community awaits the launch date of the token swap and the new Voyager Loyalty Program. The success of the broader crypto market is the success of Voyager and VGX over time. When it feels like you are standing still, find a measure to calculate your speed. Whether you can feel it or not, the Voyage(r) to the Cosmos is still moving at Warp Speed.
Hope you got some value from my perspective! If you like what you read, take the time to clap for the article below or like it on Twitter. If you have thoughts, feel free to add a comment below to the article or on Twitter.
If you are not a current Voyager customer and would like to start investing in crypto with Voyager, download the app and trade $100 to get $25 of free Bitcoin. Use code AFK8SG to claim your BTC
Disclosure: I am a current VGX token holder. This is not financial advice. This article is for informational purposes only. Do your own research or seek out the professional advice from a financial advisor.