ICON (ICX) Price Prediction 2022, 2023, 2024, 2025: Is ICX A Good Investment?
The cryptocurrency sector has exploded with a myriad of virtual currencies all battling for dominance. With the advent of Defi, a slew of altcoins are expected to flourish in the coming future. ICON is one such cryptocurrency that is making headlines. The network uses blockchain technology to maintain a public ledger of all operations.
Table of contents
- ICON (ICX) Price Prediction
- ICON Price Forecast For Q4
- ICON Price Prediction For 2023
- ICX Price Prediction For 2024
- ICON (ICX) Price Projection For 2025
- Coinpedia’s ICX Price Prediction
- Market Analysis
- What Is ICON Network (ICX)?
- Fundamental Analysis
- Historical Price Analysis
- Wrapping Up
The ultimate aim was to use ICON to interconnect blockchain.com blockchain.com Crypto trading and Information frameworks and construct a bridge across numerous public blockchains. All that by employing a specialized communication protocol. Are you one of the thousands, who are interested in ICX’s price projections? Look no further as we uncover the plausible price targets for 2022 and beyond.
|Circulating Supply||919,483,096.00 ICX|
|All-time high||$12.64 (Jan 09, 2018)|
|All-time low||$0.1069 (Jan 03, 2020)|
*The statistics are from press time.
ICON (ICX) Price Prediction
|Year||Potential Low||Average Price||Potential High|
ICON Price Forecast For Q4
ICON has made numerous market-changing inventions since its debut, along with its newest consensus and interoperability standards named BTP. The Blockchain Transmission Protocol (BTP) assures that diverse blockchain systems with vastly varying techniques and consensus processes can communicate with one another. As the complexity of blockchain grows, BTP can become more useful. That being said, ICX could rise to $0.3034.
Contrarily, a possible financial catastrophe or regulatory crackdown might bring the cost down to $0.2227. Given the bullish and bearish predictions, the average price might end up at $0.2643.
ICON Price Prediction For 2023
The ICON 2.0 network upgrades are anticipated to boost developer engagement and bring in new DeFi initiatives to the ICON network. Consecutively, the price may shoot up to its record peak of $0.5367. Failing to stand true to its expectations, can result in criticism. In such a case, the price could fall to $0.2773. The lack of fulfilling efforts, could lead to the price finding support at $0.3984.
ICX Price Prediction For 2024
This cryptocurrency offers a wide range of opportunities for potential applications. Including e-commerce, securities trading, financial organizations, institutions of higher education, etc… Furthermore, the coin is expected to grow if the community focuses on growing its potential audience and upgrading its platform. As a result, the cost might rise as high as $0.8998.
In contrast, if the altcoin fails to satisfy customers and traders, the price may fall below $0.4642. As a result, a balance in trade practices might end the year at $0.6791.
ICON (ICX) Price Projection For 2025
ICON is a NexGen blockchain-based platform meant to support blockchain network interconnection and batch processing on a single layer. With the invention of newer and better features on the platform, it could gain momentum to a pricier tag of $1.4379.
Conversely, a potential financial breakdown or a global market collapse might cause the price to fall to $0.7316. However, considering the bullish and bearish targets, the average price may find its base at $1.0927.
Coinpedia’s ICX Price Prediction
As per the ICON price forecast formulated by our experts, the coin has solid fundamentals and an enthusiastic team supporting it. That said, the coin can rise to the maximum price of $0.3 if bulls outpace the bears. On the flip side, the coin may touch the bottom at around $0.22.
|Digital Coin Price||$0.24||$0.39||$0.50||$0.61|
Click here to read our price prediction of Moonbeam (GLMR).
What Is ICON Network (ICX)?
ICON Network is a layer-one blockchain that aims to create a safe, scalable, and multichain bridging solution. Additionally, ICON also serves as a hub to link all other blockchains integrated through BTP with partner blockchains.
It is a network that was established in 2017 by one of the companies in South Korea. Furthermore, the ICON blockchain and its applications use ICX as their native currency. Summing up, it is a complete network of blockchains to facilitate the connection and interaction with various blockchain software programs across distinct networks.
The main objective of the team is to develop a worldwide network so that it enables various gadgets for efficient usage in the coming future.
Min Kim co-founded the ICON Network back in 2017. It is a cross-chain bridge but unlike other bridge systems, ICON offers an interoperability alternative. One that is not constrained by the blockchain’s basic technology or the number of existing bridges. ICON is a portal that instantaneously connects any blockchains linked with the ICON ecosystem. Regardless of if they were developed with ICON’s Goloop, cosmos cosmos [email protected] Blockchain Network SDK, or Substrate.
The main players of the ICON Network are Public Representatives (P-Reps) and ICONists. While, ICONists are members of the ICON republic, who assign their ICX to the most successful P-Reps, in return for the highest stake reward. P-Reps are validator nodes that perform tasks that benefit the ICON network and secure the network.
Here are some core features of the ICON
- It encourages community governance by using Delegated Proof-of-Stake (DPoS).
- The ICON blockchain’s interoperability functionality is intended to promote the effortless exchange of resources across various blockchains.
- On the ICON blockchain, partners and entrepreneurs have access to a vast, expedited network fueled by ICX units.
Historical Price Analysis
- During its initial days, the ICON cryptocurrency saw an ICO of $42.75 M.
- By October 29th, 2017, it was worth $0.4559, the coin continued to notice a boom toward late 2017 and early 2018.
- It surpassed the dollar threshold at the start of November and kept increasing.
- The coin reached its pinnacle on January 9th, 2018, when ICX reached an all-time high of $12.64.
- However, the token declined below $1 by August.
- After the fall of mid-2018, the token continued to traverse on red for almost two years.
- It continued to trade in the range of $0.1000 to $0.276 until the commencement of August 2020.
- The coin started to see a rise in August and by the end of the year, the coin halted at $0.4773.
- The cryptocurrency’s turning point came on February 10th, when it crossed the $1 threshold for the first time after two years with an intraday high of $1.38.
- This time the coin’s value practically doubled throughout this month and continued to grow till March.
- The month of May got off to a good start with the coin trading at the top of the $2 range.
- On December 14th, it was trading at about $1.15. Its market capitalization at that time was roughly $775 million, ranking as the 101st largest cryptocurrency.
To read our price prediction for Polkadot (DOT) click here!
In the long run, ICON can be a savvy crypto investment as it strives to solve the interoperability issue. However, the coin has some pretty solid rivals like metamask metamask [email protected] Wallet and hyperledger hyperledger [email protected] Crypto / Blockchain Solution which makes it important to underline its pros pros SaaS company & cons cons Consultation ServicesRecruiting . So let’s straight dive into the strengths and downfalls of the coin before wrapping up this ICX crypto price prediction.
ICON has more than doubled in price since 2020, it can bring in good returns if considered for the long term.
ICON is a secure platform, however, it does have some major rivals in the industry. So you may consider adding a small portion of the coin to your portfolio.
The coin is anticipated to trade around an average cost of $0.2643 by the conclusion of 2022.
The coin can strike record levels with a maximum and minimum trading price of $0.5367 and $0.2773 by the end of 2023.
The token can break out of its bearish market to reach the highest trading price of $1.4379, by 2025.
- ICON enables the independent and immediate execution of transactions.
- ICON is completely Decentralized information
- ICON works on encouraging the usage of DApps and smart contracts.
- ICON is still a new project and does not yet have the same level of recognition as some of its major rivals.
- The team needs to come up with greater functionalities to make it stand in the future.