ICON (ICX) Analysis
Market Cap
$1,447,063,321 USD
Volume (24h)
$81,081,942 USD
Top cryptocurrency services
ICON investment analysis
ICON investment is a Korean blockchain initiative which has been doing quite well since the beginning of 2018. The concept behind it is revolutionary and has the potential to bring about a massive revolutionary decentralized ecosystem.
It is disrupting the blockchain itself from isolated and highly competitive and destructive independent frameworks; by connecting decentralized products with each other and to real-world applications; thereby, creating intercommunity network structures based off blockchain terminals.
Beyond the concepts of exchange markets, this project sees a use for hyper-connecting different existing solutions currently using blockchain premise to establish their businesses.
ICX is the digital currency which will be used to connect these different services worlds of crypto enterprises and will have a broader application beyond the current scope of cryptocurrencies.
Their proprietary Loop Fault Tolerant (LFT) consensus algorithm is key to efficiently bridging blockchain industries that up until now were standalone.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
How to buy ICON?
With over 17 markets currently trading the asset, buying ICX should not be difficult. Though not too many exchanges are trading the asset as of the time of this writing, but with the rapid growth of the coin, it is expected that in no distant future, the coin would have gained enough popularity on other exchanges as well.
To buy ICX, one has to simply visit their website and check for the approved exchanges where the coin is being listed and traded and can do the exchange there between BTC, ETH or USDT, and the coin.
It’s quite simple actually, with few simple steps and you are on your way to becoming a new owner of the asset. Just ensure that you decide whether you want to store the coin on the exchange where you buy from or to store on a separate wallet service provider like MEWs or a mobile wallet.
At first, I was not too comfortable with this coin, especially when I noticed its developers are from Korea, considering the strict crypto-laws in those parts of Asia. But after some thorough research, I found out that ICON boasts of an independent blockchain comprised of reputable institutions in significant industries as it has parent-chains using a smart contracting protocol called Loopchain; this facilitates verifies between two or more agreeing parties on the blockchain. In this interaction, ICON acts as the reference for the several blockchains and distributed applications, on the network. Also, mainstream adoption is what comes right before the success of a cryptocurrency, and ICON is well on its way to significant adoption. So I think it’s a go!