Voyager Digital Delivering Gains ($VYGVF) Speaking of cryptocurrency trading…Canada-based Voyager […]
Voyager Digital on Sale? ($VYGVF)
Voyager Digital on Sale? ($VYGVF)
Earlier this month, we featured Voyager Digital (VYGVF) on our ‘Wallet of the Future’ MegaTrends report – We Specified a bullish outlook for the crypto-focused digital wallet provider, citing its impressive selection of assets, straightforward interface, and mobile-first approach as areas of strength.
Voyager shares have fallen an additional -20% since then, currently trading nearly -70% below the April 2021 highs. Despite the ongoing selling pressure, underlying consumer Mentions show a much more promising outlook, trending +22% month-over-month and +14% QoQ on a 30-day moving average.
In addition to maintaining a baseline level of Mentions, the slight near-term increase speaks to growing adoption for Voyager’s digital wallet.
The recent weakness in VYGVF's stock price is a product of doubt surrounding the broader cryptocurrency market, which has contracted roughly -12% in the past month.