The total number of blockchain platforms is overwhelming. New interesting projects appear. We have more and more options for digital currency. All of these projects are working hard and critically improving or enhancing our lives in this area, but most of them are still a real goal to be achieved. The widespread service around the world uses various algorithms and tokens that can be too complex to be clever, or somewhat confusing.
Fortunately, a solution to this hypothetical problem is already underway. With the aim of creating a pre-distributed platform, other blockchain-based platforms that live on the bridge can be easily used without compromising those platforms and security. Icon is one of the standout projects dedicated to interblock communication and connecting the blockchain structure to the real world.
The platform was created with a lot of interest in the development of a monetary and decentralized platform in 2017, and when the time comes, the secure infrastructure is already evident and needs improved communication inside and out. Moreover, it was the right time to hit ICO Day 2017 and Icon Spotlight and add value to ICX coins. After the decline in the wave of the cryptocurrency market at the end of 2017, the icon, separately with other cryptocurrencies, lost most of its market value. Of course, this was not the last stage in the life of the icon. Having reached its maximum value, ICX began to rise again in 2020, which lasted two years with a downward trend. Let's take a look at ICX pricing and see what to expect in the future. However, start by reviewing the Icon platform to get a better understanding of what is generating interest in these coins.
Icon overview
The badge was launched in 2017. The ICO began in September, when its total reached all-time highs long before a noticeable surge in the entire cryptocurrency market. ICX can be used for betting and voting to improve the iconic ecosystem. ICX holder block manufacturer selected. This system is similar to the management of the EOS ecosystem. This type of consensus is known as delegated proof of stake.
ICON is currently the largest and one of the most successful cryptocurrency projects launched in Korea. This is a meaningful partnership. Major Korean banks, for example, work with Icon Nonghyup Bank and Woori Bank. They collaborate with icons on banking use cases. An icon of one of the largest foreign partners, the Japanese company is known for its line of eponymous and social networks with 2 million active users. The icons and lines work together in the Unchain project aimed at deploying the DAPPS network. This partnership creates an opportunity for rapid expansion into the Japanese market thanks to the base user base. Another example is the partnership between iKON and the successful blockchain life insurance company Kyobo. In addition, Icon maintains a relationship with the local ministry of science. In addition, the company is a member of the Capital Markets Consortium along with Samsung and other tech giants. At the beginning of 2019, about 100 companies were working with icons.
Given the fact that South Korea will get rid of its cash, a great blockchain project capable of supporting citizen IDs is essential. Icon provides technology that can help governments create a workable electronic identification system. This technology is called Blockchain ID (chain identifier). The icon can be used to securely store data on the network. Identity data may be stored and used through Icon's MyID service. This service allows you to set up a KYC process with a solved problem in a few clicks. In addition, Icon introduces a new electoral solution known as Voting ID. If implemented at the government level, it will become the next generation voting system in Korea. The Seoul Metropolitan Region will use the ICONloop (parent company icon) infrastructure to host all applications. This means that various blockchain projects in Seoul will use ICX. Another feature of the badge is the S-coin payment system, designed to make purchases more comfortable. In addition, ICON platform will host security token products. Icon Network can host decentralized applications. ICX coins can be traded on the Icon decentralized exchange. And finally, the function that we mentioned at the beginning - communication between different blockchains and companies is implemented through ICONSENSUS. Icon Republic will become the Internet of the blockchain. However, the founders of the company are in no rush to be the first to say that they are in their hometown to improve their technological life in Korea. Removing barriers to private blockchains, private blockchains and offline reality can play an important role in secure mass adoption and opening up a changing economy. So the importance of the cult mission can hardly be overestimated.
Past achievements
Icx's past pricing is hardly as successful as Icon's development work. The coin has had its ups and downs and is currently showing its first sustained positive trend since 2018. In October 2017, when Icon Coin first appeared on the market, its price was about half a US dollar. On November 1, the price has already reached $ 1. The price is gradually increasing and reached $ 3 by mid-December. Several major crypto exchanges including HitBTC, OKEx and Binance have added ICX to the list. As a result, ICX began to grow rapidly. The price was over $ 8 for a $ 2 ride, it was unstable that day. At the beginning of the month, the ICX price crossed the $ 10 line and finally peaked on January 8 ($ 12.64). Then the price began to decline. Since January 30, 2018, the icon's price has never reached $ 10. On February 5, the coin dropped to $ 2.58 from an already low level.
The price per month was around $ 4 in most cases and fell below $ 3 per month. There was a small spike in the last third of the month, but prices fell again. In April, bitcoin prices began to rise, dragging the rest of the crypto market with them. The icon is not excluded. In the first half of May, the price was above $ 4, but declined with every drop in the BTC price. The summer of 2018 was harsh for iconic investors as BTC was low in value even during the surge. At the end of May, the price fell below $ 3 and became less than $ 1 and continued to decline towards the beginning of August. In September and October, the 70 cents ICX traded around 60 cents. By December, the price was already below $ 0.3. This pattern resembles a trend similar to that of Bitcoin at the time. Only in March (when the price of BTC rises) ICX added $ 0.3 again. In April, even slightly above $ 0.4. Typically around $ 0.4 when ICX started at 30 cents or less. This mark was real until July. By the end of September the price was more than 20 cents, then it fell.
The price in December was close to $ 0.12. In early 2020, the cryptocurrency market began to grow. This trend has a positive effect on ICX prices. In the second half of the month, it rose to $ 0.15, and in February - $ 0.2. The price soon rose to 50 cents, but fell to about $ 0.45. In March, the rate continued to decline, and after the panic in the market caused by the oil crisis, the price of ICX fell to $ 0.16 on Black Thursday (March 12). You have probably experienced a serious shock in the meantime. Currency with traditional banking systems and fiat money began to rise. The icon is not excluded. In the spring the price was about 25-30 cents. In June, he had a solid support of 31 cents. At the time of this writing (Dec 22, 2020), the price of the badge coin was $ 0.399. The market cap is $ 230,588,916, which means ICON is ranked 70th in terms of market cap in the industry.
Price forecast
We will now look into the future and try to understand what investors can expect from ICX. The last few years have taken the coin's market capitalization seriously. The market performance of the coin did not match the success of the legendary team. Even written in English over the last 2 years, there are very few actual reviews on this project. Some blame bad marketing campaigns for this. However, recent events can inspire those who have compassion for this icon.
2021 year.
As the cryptocurrency market grows, while the traditional financial perception has no written form, some icon growth is expected in the near future. Triggered by the economic turmoil of the time, the global currency COVID (icon) is an incredible fiat currency for many investing people (especially the Spring Shock). Since many industries are subject to unlocking, cryptocurrencies can be seen as a safe haven. IKON now distributes numerous joint projects to other successful companies and governments. It will undoubtedly grow by the second quarter of 2021. ICX has pledged that some projections will cross the $ 1 line, but we expect it to generate 60 cents per share or 1ICX as always, as we note that it is growing very slowly.
2023 year.
We think that in two years time the cryptocurrency market will continue to grow as the financial crisis at least takes its toll. Logically speaking, the Korean authorities will seek cryptocurrency solutions given the growing public demand for blockchain adoption and cryptocurrency adoption. Korea already has an alley like iKON and they will continue to collaborate because the platform is strong. Moreover, the company will finally expand overseas. The coin price will reach a minimum of $ 1.8 or more.
2025 year.
If ICON's ambitions are realized, it could become one of the leaders in the important international platform and blockchain industry. In this case, by the end of 2025, the price may exceed $ 5.
