Vangold (VGD) Experiencing Massive Gains Today Out of Nowhere

While Vangold (VGD) may be a low ranked cryptocurrency (#3444), investors are taking notice of it today. This freelancer-based cryptocurrency is up 3,678% today, bringing its rate to $0.00007466 (VGD/USD).

What’s Causing Vangold to Spike?

This incredible bullish trend is appearing seemingly out of nowhere, following several weeks of nearly flat activity.  Trade volume has skyrocketed an amazing 282,236%, with over $454,000 in trades in the last 24 hours. We have seen a higher rate for Vangold than its current price, but not since February 24^th. Since then, Vangold has been mostly flat, but before that point, the crypto was much higher.

This has been a volatile token over the last year, but not to the same extreme that most cryptos are volatile. It is much stabler and more predictable than something like Bitcoin, which moves in quick spikes up and down. Vangold, on the other hand, moves in spurts and starts, sometimes dropping off a cliff and then staying completely motionless for long periods of time. In other instances over the past few months, Vangold has ramped up or down steadily, creating a very different looking crypto path than most of its counterparts.

There is no apparent cause for Vangold to suddenly spike like it has today. The wider market is moving up a bit now, but it is incremental at beast.

Should You Invest?

Vangold’s rate is moving quickly, so anyone going to get in on its investment potential should jump in very soon. There is substantial risk that this spike won’t last, especially since there is no obvious reason for it to happen. There could be some price speculation going on and investors trying to manipulate the market, leading to the spike we are seeing now. If that is the case, then the price change may not last, and anyone investing now could get caught in the turnaround.

However, Vangold has serious potential to go much higher than it is now, since the rate was very recently considerably higher, at $0.001083 in late January this year and $0.005023 in late October last year. It’s a risky investment, but compared to most cryptos, it’s not a bad one.