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ICON (ICX)

Market Cap

$214,297,124 USD

Volume (24h)

$14,876,542 USD

5.1
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    ICON Markets Rank: 7/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    ICON Volume Ratio Rank: 7/100

  • Market Cap

    The total cost of all coins available.

    ICON Market Cap Rank: 98/100

  • 24h Change

    Is the price moving up or down?

    ICON 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    ICON Social Following Rank: 96/100

  • Google Trends

    How many users are searching for the coin?

    ICON Google Trends Rank: 58/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    ICON Twitter Citation Rank: 72/100

  • User Voting

    How popular is this coin among Cointobuy community?

    ICON User Voting Rank: 96/100

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.

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current price
$0.553123
Potential Profit

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.

+864.3%
Potential Price

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.

$5.33
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

14/877
by Safety
15/877
by Profit
historical data

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.

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Is it safe to invest in ICX now?

Yes, it is; if you consider investing in a project that has potential to disrupt the blockchain space itself. Even though what they propose is quite ambitious, the practicality of the platform goes beyond what any known existing decentralized product has to offer.

One thing that makes this project worth investing in, is their drive to bring about the golden opportunity and a new era of blockchain enterprise. They are not directly influencing how each community will achieve consensus, but creating an extended value for each use case, while they achieve their consensus independently.

Invest in ICON project and you would find that beyond the trading experiences normal cryptocurrency exchanges provided, you can find an appreciable use for the coin in the future cutting across different organizations and institutional sectors. This cryptocurrency has the ability to grow organically and create a worth for itself.

Their multiple use case scenarios are proof enough that they are extending branches beyond the silos of each decentralized product. Extrapolating data from capital markets, insurance companies, universities and healthcare institutions and making a loop of service-related entities makes a relevant use for the platform.

Their LFT protocol is a robust technology which will enhance the platform’s ability to achieve faster consensus and prevent a scenario of hard forks on their network.

Loopchain is the foundation ledger where ICON was carved from, they are a group of crypto and financial service institutions with reputations staked on the ICON protocol.

They also have a massively growing community support of over 83,700 on Twitter and 6,200 on Facebook. The platform is well incentivized to encourage this product’s authenticity and is why I strongly believe it’s worth investing in. A project like this aims at one thing alone, creating a more realistic experience for users of blockchain products, hence the mainstream of the enterprise.

But don’t take my word for it, the product is well documented to sell itself, so you could do your own research before making any investment decision.

In conclusion, with the high demand for mainstream usage of decentralized products, the platform will certainly stand out as a sift to utilizing only pragmatic solutions to real-world problems, therefore investors who chose to identify with this project early will have a great ROI in the long run as the project matures.

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Comments (1)

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Ahyke 5/25/2018

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!