ICON ICX is predominantly a new entrant in the crypto space, making headlines due to which it has gained massive popularity among the cryptocurrency enthusiasts. Over the years, we have been seeing new coins entering the market with unique concepts and features. As the market is growing rapidly, the coins are facing cut-throat competition from one another. In the midst of all this, one can only assume that the new entrants like ICON crypto will only bite the dust. But this is not the case. As said earlier, investors are attracted to coins that are either unique in concept or offer better and feasible features. ICON has shown the potential to be valuable in the crowded market. Irrespective of that, there are several aspects that determine how ICON coin is behaving in the market.
As an investor, you would be looking for long-term investment opportunities. So, it is extremely important to analyze the ICON market — past, present, and future — in order to understand its underlying features, what triggers its value, and a lot more.
With that said, we have created this post to help you understand how the ICON ICX market predictions are going on with the help of experts at ChangeNOW.
Let’s jump right into it.
What is ICX?
With the explosion of the cryptocurrency market, we can see a new coin introducing itself to the market once a while. At present, there are over 1500 cryptocoins in the world, with dozens coming up every month. You need to understand the criticality of this aspect because while many of them are ERC20 tokens, there are plenty that run on their own blockchain and technology. This has led to a confined environment that doesn’t communicate with each other.
As a result, the market is in need of a product that can fill the void between such technologies, making them accessible and usable to consumers. This is where ICON ICX comes into the picture.
ICON is more than just a blockchain — a decentralized network designed with an objective to connect multiple blockchains across the market, delivering some flexibility to the industry. If you know the market, then you definitely know large compatibility issues that the variety of blockchains bring. ICON helps in solving these compatibility issues.
According to the developers at ICON, its mission is to “hyperconnect the world by creating one of the largest decentralized networks.” Its token is called ICX and there are many perks of investing in it. Let’s get to the advantages of ICON ICX.
- ICON ICX is a decentralized network where investors can connect and participate in any blockchain activity. ICON has made sure that crypto communities that were detached can connect with each other and share numerous services using this blockchain network.
- The ICON ICX token uses its loopchain platform known as Nexus for connecting multiple blockchains. This is achieved through the ICON Republic, which is a regulating advisory for unallied blockchain communities.
- With the help of representatives, these communities are connected with the ICON Republic. The representatives are elected by these blockchain communities themselves.
- Upon connecting, the representatives coordinate with the loopchain platform on behalf of their blockchain communities. And using ICON’s decentralized exchange called DEX, the blockchains can exchange value between each other.
- The decentralized exchange of ICON accredits currency reserves to the blockchain communities, allowing for the exchange of value, which is then transacted in ICX.
ICON’s Use Cases Include:
- The cryptocurrency runs its own decentralized exchange that allows the investors to exchange digital currencies in real-time across the globe. This gives ICON large applications across different sectors, particularly finance and banking.
- ICON incorporates a blockchain ID technology that helps with simplified verifications across industries. This technology is created using smart contracts. The Blockchain ID enables you to sign up for government services, verify bank accounts, or even open a new bank account.
All these factors have resulted in ICON emerging as one of the most influential cryptocurrencies available in the present scenario. This is the reason why investors are showing a certain interest in investing in ICON ICX coins.
ICX Price: What Does It Depend On?
While there are many advantages of ICON crypto, you need to understand that there are several factors that influence the value of ICX token. Particularly, it is set by the market, making pricing the cryptocoin more complex as the price will vary by exchange. For example, you may search the internet to find the price of ICX to be something else as compared to what you found in the exchange.
One of the reasons for different values is because of where the data comes from. You need to understand that ICON is never traded in one place, but multiple exchanges. All these exchanges set their own average prices, and this is based on the trades being made by them at a given time.
Another factor that will determine the value of ICX token is the competition. If you are up-to-date with the crypto market, you would know that there are numerous other projects that are focused on finding a solution for the interoperability of blockchains. While ICON ICX is way ahead of them in terms of features and rankings, it doesn’t take much for a change of situation.
So, everything comes into play when determining the value of ICON tokens. With that in mind, let’s discuss the ICX price prediction 2020 and 2025.
ICX Price Prediction 2020
While ICON ICX is a new cryptocurrency, the token has managed to gain the attention of the industry players. People are quite hopeful and optimistic about how things are going on with ICON crypto. So, they are really optimistic about its value as well. Still, considering the fact that the cryptocurrency was a disappointment last year for the investors as the ICX price went down to $0.116030, there is still some uncertainty with how the value is going to play out. ICX coin is currently valued at $0.232268, which is much better than last year. Here are some ICX coin predictions provided by industry experts.
#1 Trading Beasts
According to Trading Beasts, the price of ICX token will increase as the year ends. The website has predicted that by the end of 2020, the ICX coin price will reach $0.3514.
#2 Wallet Investor
Wallet Investor has predicted that the ICON ICX coin price will plummet as the year ends. They are quite pessimistic about the cryptocurrency as they say that the coin price might go down to $0.0080.
CoinLinker is one of the most influential prediction websites. They have predicted that the ICX coin price might reach $1 by the end of 2020. That is quite an optimistic prediction.
ICX Long Term Price Prediction
ICON ICX is proving to be a promising investment option for investors. The project focuses on a variety of sections, including hospitals, universities, banks, insurance, and securities. Considering all these aspects, an investor would definitely want to invest in this cryptocurrency.
According to marketers and industry specialists, in five years’ span, the coin value of ICX token might reach $9.912.
Where to buy ICX?
If you are optimistic about the ICON coin price, then you should definitely consider investing in the tokens. With ChangeNOW, you get to buy ICX in a hassle-free manner. Here is what you need to do:
- Go to the ChangeNOW homepage and pick the currency and the amount you want to deposit. The platform will automatically value the amount of ICX you will get
- Click the Exchange button
- Provide your wallet address where you will receive your ICX tokens (if you don’t have a crypto wallet, make one before anything else)
- Carefully check the information provided before clicking Confirm
- That’s it! You will receive your ICX tokens to your wallet
We hope you find this article interesting. If you have any questions regarding the investment method with ChangeNOW, feel free to ask.
Disclaimer: This article reflects its author’s opinion only and is not financial advice. We take no responsibility for the results of any trader’s decision or action.