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.
For the latest cryptocurrency news, join our Telegram!
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.
Image courtesy of Pexels
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…