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What to Expect from ICON ICX Coin Price

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ICON ICX coin price

As cryptocurrencies are becoming more and more accepted, a lot of smaller coins are starting to get attention. The investors are becoming willing to take their chances with a lot of these altcoins since many of them have more than decent technology, goals, and alike. One such coin that has been getting a lot of attention lately is ICON (ICX). As such, many are starting to wonder what to expect of ICON ICX coin price in the near future.

This is what we will try to answer today, and hopefully, help the investors make a profitable decision.

About ICON (ICX)

ICON (ICX) is a crypto native to the ICON blockchain. Its network has numerous functionalities, but to use them, customers have to pay with ICX, which makes the network similar to that of Ethereum. The network has also been in development for a long time, breaching a two-year mark at this point.

The coin’s goal is to “hyperconnect the world”, as they call it. This is basically an attempt to create the largest decentralized network in the world, which is quite an ambitious goal. They plan to do it by creating a platform that can be used as a method of interacting between various blockchains via smart contracts. This is what will create the so-called ICON Republic, and is considered by the developers to be the next step in blockchain development. As such, the blockchain network would connect numerous sectors and industries, such as insurance, security, education, finance, healthcare, and more.

Obviously, making these plans a reality would have huge consequences on the way we see the world and interact with it. With that in mind, it is no wonder that the coin is getting so much attention now, and why large numbers of investors are trying to find out more about it. But, how does that affect the ICON (ICX) coin price?

The ICON ICX coin price predictions

Knowing that the coin has a large potential and a noble goal in mind is a big encouragement for the investors who wish to help take us to a better future. However, the price of the coin can also not be ignored. Luckily, with a plan like this, ICON is bound to go really big some day. Its use cases will be many, especially since all the activities on its network and platform can only be paid via ICX.

At the time of writing, the coin is at 36th place on the list of largest cryptos by market cap. Its current price is $0.649676 per coin, and its market cap is nearing $252 million. While the coin’s price is still relatively low, we should remember that this is a result of an entire 2018 being under the bear attack. Numerous cryptos have lost large amounts of their value, and it is not surprising that the ICON (ICX) coin price has suffered as well.

However, cryptoanalysts and experts are predicting a bright future for this coin. Some estimates are overly optimistic, such as those that claim that the coin will hit $4.60 by the year’s end. It is possible, but such an event would require a price surge that cryptos have known only once before — in December of 2017.

Still, the coin has made a lot of progress during 2018, and if the market allows it, anything is possible. As for the future, the ICON ICX coin price will depend on a lot of aspects. Those will include the development of the coin and its network, its popularity, and trust in the coin, as well as additional partnerships and success that it displays in regards to its plan to connect the world of the blockchain.

Obviously, predicting the price is not easy, nor is it precise, or even especially reliable. However, it is believed that the ICON ICX coin price will go up in the next few years, with some predictions claiming that it can go to over $12 in the next five years, and others stating that it can even exceed $300. However, even such optimists agree that it would take a hugely specific set of circumstances for the coin to actually reach such heights.

In the end, all that remains is to be patient and see for ourselves. In the meantime, keeping a close eye on this coin is advisable, as its price correction can only lead up.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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