ICON Price Prediction, will ICXs price hit $0 59?

With enough votes, these public representatives will receive control of the network and produce as well as verify blocks on behalf of the users who delegated their coins to them. The representatives can be changed at any time depending on their contribution level or governance status within the ICON Network. If you would like to know where to buy ICON at the current rate, the top cryptocurrency exchanges for trading in ICON stock are currently Binance, OKX, Bybit, CoinTiger, and Huobi Global. Birake is a cryptocurrency exchange platform that bills itself as the first „white label“ cryptocurrency exchange. The ICON Republic’s blockchain is referred to as the „nexus.“ The technology that powers the nexus is an algorithm called a loopchain. The loopchain connects communities that are part of the ICON Republic.

The ICON Network is powered by a proprietary blockchain engine called ‚loopchain‘ and has the ability to handle hundreds of transactions per second. The ICON project was started to ensure the integrity and transparency of data shared between institutions and companies, and to move mutual assets on heterogeneous blockchains without a centralized organization. In the long term, ICON Network aims to become an ‚interchain‘ that connects multiple blockchains based on BTP technology. ICON is a blockchain technology and network framework designed to allow independent blockchains to interact with each other. ICON is a South Korean-based company that developed a blockchain technology and accompanying cryptocurrency token called ICX. The company bills itself as an interconnected blockchain network, allowing participants in a decentralized system to “converge” at a central point. Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.

How to buy ICON ICX

Compared to its counterparts, ICX, the ICON network’s cryptocurrency token, is not very popular among cryptocurrency investors. It briefly rocketed to a value just above $13.00 in early 2018. ICON’s blockchain network includes several distinct services, such as “BROOF,” a document issuance service used by Pohang University for issuing diplomas. The digitizing of diplomas provides fraud protection and makes it easier for employers to verify the educational status of potential employees. The company also provides anti-spam technology for South Korean government agencies and more than a dozen banks.

Get latest crypto prices, predictions, news, and historical data for Bitcoin and thousands of altcoins. The network leverages blockchain technology to keep track of all the transactions using a public ledger. But there are so many cryptocurrencies to choose from that it is becoming difficult to decide which one should opt for. With more coin projects emerging, each project uses a different set of tokens and algorithms to operate. This is becoming too complex, but a solution to this was introduced back in 2017. The idea was to build a bridge between many blockchain platforms using a dedicated communication protocol and connect blockchain structures using ICON. The blockchain technology and accompanying cryptocurrency token, called ICX, allow participants in a decentralized system to converge at a central point, creating an interconnected blockchain network.

How much is a one ICON worth now?

If this bullish trend continues, ICX will reach $2.5334 by the end of 2022. Read more about usaa wire transfer hours here. Moreover, the first half of 2022 is going to show fast growth, up to $1.359. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $4 is quite optimistic in the price point of view but undoubtedly feasible for the near future. This ICON Network Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ICX price analysis and prediction. ICON’s digital ID platform, MyID, allows users to manage their IDs from their phones with over 80 organizations in South Korea. For example, right now you probably have different login credentials for your bank, online shopping, cryptocurrency accounts, and much more.

It’s worth noting that South Korea is a blockchain-friendly country which means ICON won’t see as much resistance from a local perspective. At the movement,919.48M ICON tokens are already in the market out of 926.21M ICX. There followed rumors in early 2019 that Iconloop, the startup behind the project, was gearing up for an initial public offering on the South Korean technology-focused stock exchange Kosdaq. P-Reps are elected by “ICONists,” who are incentivized to vote for P-Reps based on who contributes most to the network and whose policies they support. Policies are created or amended by the “Network Proposal System” , which P-Reps use to attempt to appeal to ICONists and attract votes. Newly issued ICX is first held by the Icon treasury before it is distributed to community members based on their contribution to the project’s development.

December brought yet more lows for Icon with the price of $0.18. Icon was founded by the company Icon Foundation in 2017, based in South Korea. A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. It is most noteworthy in its use with cryptocurrencies and NFTs. These tokenized assets and securities are digital tokens (or „coins“) that represent equity ownership units. With tokenized equity, a business can raise capital by issuing its shares in the form of digital assets. According to Trading Beasts, the ICX price will be around $0.966 by the end of this year.

There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin’s price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project’s whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

In January 2020, Icon announced that it would be integrating with Chainlink on a collaborative, interoperable oracle for all blockchains. Oracles are third-party services that provide real-world data to smart contracts, such as live price information. Through the integration of price oracles with Chainlink, Icon was able to launch its token staking, yield and swap platform ICONFi. ICX is the native cryptocurrency of Icon, an interoperability blockchain protocol that helps connect multiple blockchains together for digital token and smart contract data sharing. All price prediction/forecast provided on our website is only for general information. No part of the website content that we provide should considered as financial advice, legal advice or any other form of advice meant for your investment. You should conduct your own research and do proper analysis before investing in any cryptocurrency. Trading is a highly risky business, please consult with your financial advisor before making any decision.

When we look at the historical highs, we can see that the current price of ICON is nowhere near its previous maximum price when the ICON price rise skyrocketed. The average price of ICON cryptocurrency is well above the 50-day moving average. With the RSI indicator showing the overbought condition, it is well understood why the RSI indicator is giving the signal to sell ICON. Through https://www.beaxy.com/exchange/btc-usd/ its Blockchain Transmission Protocol, ICON aimed to target this, offering its interoperability as its core feature. It allows protocols to communicate with one another while providing services like smart contracts and value transfer. Since it is a third-generation protocol, ICON boasts lightning-fast throughput speeds, which are way faster than second-generation protocols.

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Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. Past performance is not necessarily indicative of future results. ICON is attempting to bridge a gap in the Crypto ecosystem by creating a decentralized network of different blockchain communities. ICON can be described as an interconnecting blockchain network, ICON has the ability to connect independent blockchains without the use of any additional, third-party intermediaries. By using the ICON platform various blockchains become able to indepndently communicate with one another. By connecting siloed blockchains, ICON aims to become the most expanisve blockchain in existence. ICX is used as an intermediary currency when transacting amongst the different blockchain networks. Being an inter-chain blockchain, the ICON platform will also have the ability to host other ICOs on the ICON platform. Based on ICX price prediction, ICON will be a good long-term investment in the cryptocurrency market.

As a result, inflation will stop, but the network will continue to burn ICX tokens, making the tokens scarcer and more valuable. By existing within the ICON Republic, crypto-communities are united with each other thanks to the loopchain technology. ICON is a true “sleeping giant” that is right about to wake up. The company has already signed an enormous amount of partnerships not only with Korean companies & government but with the overseas’ as well. Samsung even integrated ICON’s technology “CHAIN ID” onto its phones which means that the project has a lot of technical potentials to expand. Bitcoin investment firm Pantera Capital is pretty hyped on the ICON project.

Icon can be influenced by the effects of the wider economy, while the top cryptocurrency, Bitcoin, can dictate momentum with its huge market share. Bitcoin often creates momentum that is followed by most other cryptos, as happened with the rebound in 2021. During the rebound, as Bitcoin was recording new highs, Icon managed to retrieve some of its lost value. Icon traded at $0.47 in October after the coin launched, and spiked to over $1.60 in November. The rally continued into the start of 2018, with ICX reaching its all-time high of $13.24 on 9 January. From there, Icon price took a downward path and dipped below $2.50 at the beginning of February. In March, Icon dropped as low as $1.56, before a resurgence in April took prices to almost $5. After mostly falling throughout May and June, Icon dropped again to touch new lows at around $1 at the end of July. In August and September, Icon experienced further downside below $1, trading as low as $0.50.

ICON crypto has a tumultuous history, achieving a $12.64 all-time high back in January 2018. It’d then plummet to $0.1069 just two years later in January 2020, before mounting a comeback in 2021. The phoenix-like rise of ICON has propelled the digital currency to become the 84th ranking digital currency on CoinMarketCap. $1.80 is the current ICX crypto token price, which is up more than 11% in the last 24 hours. The ICON’s ICO ended back in October 2017 and in January 2018, the ICON coin price hit its all-time-high by reaching more than $12 USD per 1 ICX. By exchanging ICX against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, ICON can be earned or received in various ways. ICX considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. The given all are fiat currency and the most widespread pairs in the market. Using a crypto portfolio tracker has become more convenient than it was in the past.

One of the main problems with blockchain projects is they are created independently and therefore aren’t able to interact with one another. For example, without protocols like Icon, it would be impossible to send tokens or share smart contract data between blockchains such as Solana and EOS. As of the time of writing this ICON Network price analysis, ICX trades at $0.9622 with a 24-hour trading volume of $776,666,680. There are various cryptocurrencies that rose to a new all-time during this 2021 bull run. As a result, many digital currency traders are worried about whether it is time to hold or sell their digital assets.

• The Icon network has its native crypto token, ICX, which powers its operations.
• To check ICON’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.
• Nor the inclusion of an exchange should imply that we recommend doing business with the exchange.
• Any data, text or other content on this page is provided as general market information and not as investment advice.
• P-Reps are elected by “ICONists,” who are incentivized to vote for P-Reps based on who contributes most to the network and whose policies they support.

The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones. ICON coin price suggests a strong upside momentum in the weekly technical chart. On coming to the daily chart the price has formed a strong bullish engulfing pattern. The price of the coin is currently above 50 and 100 Daily Moving Average. The 50 DMA price is near $1.623 acting as temporary support for the price. The bullish engulfing pattern might push the price to a new high. The ICX coin can easily be swapped through a native exchange that is integrated into the Atomic Wallet. The wallet supports 300+ ERC20-based tokens and other prominent cryptocurrencies like Bitcoin Cash , TRON , Tezos and many more. You can hodl and exchange the ICON in Atomic Wallet, a secure decentralized crypto wallet not only for traditional assets like Bitcoin , Ethereum , Ripple but also for the other 500+ tokens.