ICON (ICX) Price Analysis: ICON’s Partnership With Velic May Lead to a Price Surge the Coming Days

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As the name suggests, ICON is a blockchain based decentralized platform on iconizing the entire blockchain ecosystem by enabling a hyper-connected world with seamless transactions among various blockchain networks. The project is led by ICONLOOP, a Seoul based organization and aims to make possible easy adoption of blockchain by the masses. The team is working on what’s going to be the largest decentralized network called ICONSENSUS to spread awareness about blockchain and encourage acceptance. The platform aims to serve as a connecting bridge between the real & crypto world and its network currently comprises of many financial institutions, universities, banks and multinational organizations. ICON’s user-friendly wallet, ICONex is providing faster & secure transactions across multiple exchanges.

Current Statistics

ICON price chart (25.03.2019 - 23.04.2019)According to the CoinMarketCap, ICX is ranked at the 39th position in the top 100 cryptocurrencies list. As on April 23, 2019 at 09:04:01 UTC, the price was recorded at 0.42 USD & 0.00007835 BTC, the 24 h volume stood at 35,284,899 USD and market cap has reached 200,399,287 USD. The ROI has been -1.51%, circulating supply is 473,406,688 ICX as against the total supply of 800,460,000 ICX.

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Comparison

Since the past 30 days, the highest recorded price has been USD 0.46 and lowest been USD 0.30. The pattern is almost the same in the last 7 days also with the highest price of USD 0.42 and lowest of USD 0.34. As on March 25, 2019 at 05:34:03 UTC, the market cap was $159,816,962 USD, the price was $0.33 USD & 0.00008401 BTC and 24 h volume was recorded as $24,838,180 USD. The uptrend of over 27% in the past one month looks promising. Additionally, the market cap had reached as high as USD 214,665,503 on April 7, 2019, at 07:49:02 UTC with the price of the coin recorded at USD 0.45.

Prediction   

The strategic partnerships have always played an important role in increasing the popularity & demand of the coin. Recently, the team announced a partnership with Velic Financial to support the listing of ICON dApps. ICON (ICX) has also partnered with Samsung for its Chain ID feature which will be used by the electronic product giant for authentication into their mobile devices. The partnership had led to a surge of almost 15% in the price of the coin. This also is an indication of the rising interest in the technology and overall roadmap of ICON (ICX) among major investors and key market players. W Foundation has also signed an MoU with ICON team to reward & incentivize users making significant contributions towards the environment. The market sentiment looks positive, and the price of the coin can be expected to reach USD 0.9 by the end of 2019. If the vision of the company becomes a reality, the prices can reach as high as USD 2 by 2022.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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