VGX is the native token of Voyager, a cryptocurrency broker, and the asset is designed to generate staking rewards for its holders besides as heave their yield earnings on other digital assets.

Over the last xxx days, the asset delivered even more value as it has more than than doubled its price against the Us dollar and gained 46% over the resurging Bitcoin (BTC).

What caused the coin's price to soar, and was there a way to anticipate its rally early?

Breaking news, familiar market patterns

VGX's August price surge was an expected byproduct of bullish news coming out of the Voyager ecosystem throughout August. On Aug. 2, Voyager Digital announced the purchase of payments firm Coinify, a move aimed at expanding the platform's infrastructure for cross-border transactions. At the time, VGX had been trading at around $2.30.

Simultaneously, Voyager rolled out a technological update: its VGX 2.0 portal for token swaps and staking. Fueled past this one-two punch, the price of Voyager Token embarked on a multi-leg rally that would last — barring brief periods of correction — for almost three weeks and culminated in the price striking a high of $6.56 on Aug. 19.

With such long upwards runs, one puzzle for traders to solve is whether each new price recoil is the end of the feast or whether there is still enough fodder for the hike to keep. At this signal, historical information can come up in handy.

Historically speaking, VGX is non new to long, dramatic rallies. From early January to late February, the token rose from a few cents to an all-fourth dimension loftier in a higher place $7. This streak generated enough data on price movement, trading activeness and social sentiment effectually the coin for the VORTECS™ Score — an artificial intelligence-driven tool available to Cointelegraph Market's Pro users — to go proficient in assessing VGX's market outlook.

Ahead of the toll bend

VORTECS™ Score is an algorithm that compares historic and current market conditions around crypto assets to serve traders actionable insights. The model considers several indicators — including market outlook, cost movement, social sentiment and trading activity — to generate a score that assesses whether the nowadays conditions are historically bullish, neutral or surly for a coin.

During VGX's August run, the indicator consistently lit up ahead of each new leg of the coin's long rally, signaling that, judging from historical precedent, the market place and social conditions are ripe for a further dramatic cost increment.

VGX price vs VORTECS™, Aug. 1-15. Source: Cointelegraph Markets Pro

Every bit visible in the chart, dark-green VORTECS™ Score peaks, which represent to scores in a higher place 80 and mark the model's high confidence in favorability of the observed conditions, showed up on Aug. 4 and Aug. 8 ahead of VGX'due south upside phases.

VGX price vs VORTECS™, Aug. 15-21. Source: Cointelegraph Markets Pro

More recently, On Aug. 16, the token'south VORTECS™ Score went from green to dark greenish (cherry-red circle in the graph). The high score persisted even as the price briefly went down. It was not until 42 hours after that the favorable combination of market and social activity effectually the coin detected by the VORTECS™ algorithm materialized in a flash rally. VGX'south cost almost doubled, exploding from $3.33 to $6.61 in just 12 hours; however, information technology began to swing wildly presently thereafter.

VGX is ane of Cointelegraph Markets Pro'southward top assets by the all-time number of days when its VORTECS™ Score hitting 80. The coin recorded 43 high-scoring days, abaft simply AXS (52) and RUNE (72) since the platform launched in early on 2022.

For 28 of these 43 days, the asset saw at least a 3% appreciation inside 72 hours from striking the benchmark score; on 23 occasions, the gains were 5% or more. On 19 occasions, the price of VGX rose by 10% or more inside 72 hours after reaching the VORTECS™ Score of 80. And on boilerplate, the asset delivered 3.iii% gains 24 hours later on reaching the score, 4.3% after 48 hours, and v% after 72 hours.

While the VORTECS™ Score is not a crystal ball telling investors when to go long or short, information technology can provide an actionable indication of historically bullish or bearish conditions for a particular coin — information that, as VGX'due south example shows, tin potentially be profitably incorporated into a trading strategy.

Cointelegraph is a publisher of fiscal information, not an investment adviser. We do not provide personalized or individualized investment communication. Cryptocurrencies are volatile investments and carry significant risk including the run a risk of permanent and total loss. Past performance is not indicative of futurity results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions.