[Company Performance]: Voyager Digital's financial health, including revenue, profitability, and user growth, significantly impacts its stock price.

[Regulatory Environment]: Changes in cryptocurrency regulations globally and specifically in regions where Voyager operates can drastically affect investor sentiment and the stock's valuation.

[Market Sentiment]: Overall investor confidence in the cryptocurrency market and the broader stock market plays a crucial role in VOY0.F's price fluctuations.

[Competition]: The competitive landscape among crypto platforms offering similar services can influence Voyager's market share and profitability.

[Cryptocurrency Prices]: The performance of major cryptocurrencies like Bitcoin and Ethereum, which are traded on the Voyager platform, has a direct correlation with VOY0.F's stock price.

[Technological Advancements]: Innovations and technological advancements in the crypto space can impact Voyager's competitiveness and attractiveness to users and investors.

[Macroeconomic Factors]: Economic factors like interest rates, inflation, and unemployment can affect investor behavior and the demand for risk assets like cryptocurrency stocks.