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What to Expect from ICON ICX Coin Price

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ICON ICX coin price
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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

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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Altcoins

3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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