Price Analysis

Icon (ICX) Price Analysis: Can Support From Crypto.com Bring Some Stability?

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After the largely bearish trend in the year of 2018, this year was expected to bring some cheery vibe with running bulls in the crypto market. However, that has not come to the realization yet. Icon (ICX) the Switzerland-based cryptocurrency is still facing turmoil looking at its recent price drop.

Icon aims to solve the interoperability issue between heterogenous blockchains. ICX’ trading price was $0.37 at 05:07:16 UTC. It saw a significant price drop of 11.90%  in just a single day as its previous price was around $0.42 according to the chart given below.

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Icon Chart

As we can see in the chart, Icon has gone through quite a bumpy ride. It has still not shown any upward trend in its price. According to Coinmarketcap data, Icon currently gives you RoI (Return of Interest) of -8.37%, while having the Market Cap of $177,372,466. Also, Icon’s Circulating Supply is at 473,406,688 ICX.

However, the picture is not all gloomy. The crypto community still can hope for the price spike, as Crypto.com a major crypto platform is all set to feature Icon (ICX) on its pioneering wallet and card app, according to a Tweet from Icon. This will make a huge impact on ICX’s adoption, eventually causing a price rise. Apart from that, CoolWallet S has also supported Icon.

Icon (ICX): Trend Since the Year-Start:

Icon Chart

Since January 2019, The price trend of Icon has been optimistic for investors. It has shown an upward trend though with some plunges in place. Initially, in January, the price was as low as $0.24, which further bottomed to $0.19. After that, it has shown a consistent rebound reaching to $0.44 on the 6th of April.

Icon Price Prediction:

Icon is anticipated to come out of the price slump soon. In the short-term, we can predict that it will cross $0.44 mark, while it can reach to $1 till the end of 2019.

Conclusion:

Icon (ICX)’ performance since January is hopeful despite many plunges. The increasing adoption of the cryptocurrency indicates to a much-awaited surge in its price.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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