ICX to INR, ICON Price in INR, Chart & Market Cap

How is Icon price formed and what defines the value of ICX and the Icon ecosystem? We’ve compiled everything you need in order to get a better understanding of the intricacies of Icon price — and the factors that influence it. Numerous worldwide digital currency exchanging stages offer quick and secure trade of ICX to INR and INR to ICX where it very well may be sold in distributed, executed, and handily adapted. Get Icon and Other Cryptocurrency Price Prediction Indications on when to buy or sell through in app notifications to Ace Crypto Trading.

It has a mission to build a global network where participants from financial, security, insurance, healthcare, educational, and commerce industries can interact and transact on a single network. ICX tokens are minted in the Icon Republic, which plays a central role in all operations and economies hosted on the ICON Network. ICON is a blockchain protocol and aggregator chain designed to achieve interoperability by allowing independent blockchains to interact with each other. The project aims to build a web of interconnected networks aggregating all blockchain data into one layer. As the Icon ecosystem grows, with more developments on the roadmap, ICX is recognized as a valuable asset that can support the largest interoperable decentralized network in the making. Fundamental analysis considers news, technical features, Icon technology, mergers and partnerships, upgrades and updates, and other relevant events and factors such as the total supply, mainstream use, regulations, and adoption. All these factors can influence the price of Icon and help analyze ICX price history, studied through the prism of fundamental analysis.

ICONICX price in December 2017

If you are looking to buy or sell ICON, Kraken is currently the most active exchange. It is a global electronic currency that can be used to access ICON applications. ICX is required to send or receive payments on the blockchain, and it is also a settlement medium for ICON transactions. The live ICON market price chart allows you to see the value dynamics of this coin. The RSI is a very popular technical indicator used to analyze prices of a variety of assets, including ICON. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels.

Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours. Without getting all technical, from an investor’s perspective, ICON is safe and can be a profitable investment. With a bright future; and a dedicated and strong development team in Korea, it offers good prospects. The most effective P-Reps who can add significant value to the community gain the authority to reach consensus to changes in ICON network changes through voting. In this way, it is similar to democracy working in the real world. ICON is a digital republic with a comprehensive governance system where users say how the network operates. There are two main components of this governance which are Public Representatives, also known as P-Reps, and ICONists.

Price Prediction net

With the RSI indicator showing the overbought condition, it is well understood why the RSI indicator is giving the signal to sell ICON. The ICX/USD price is relatively stable at this range, and it looks like the breakout may happen soon in the ICON price. To further confirm the ICX price action, we can see that a massive spike in volume was observed in September. This is a good indicator for the technical analysis that the market believes that the current price of ICON is undervalued.

Coinlore provides independent cryptocurrency / coin prices calculated by its own algorithm, and other metrics such as markets, volumes, historical prices, charts, coin market caps, blockchain info, API, widgets, and more. We also gather additional information from different sources to make sure we cover all necessary data or events. Along with the crypto market, the future price of ICON will continue to increase. However, there’s a slight possibility of a downside correction as per our technical analysis. Buyers should do their own research and track ICON price predictions before investing in ICON. When we look at the historical highs, we can see that the current price of ICON is nowhere near its previous maximum price when the ICON price rise skyrocketed. The average price of ICON cryptocurrency is well above the 50-day moving average.

Based on ICX price prediction, ICON will be a good long-term investment in the cryptocurrency market. Based on our predictions, ICON prices might record a bullish breakout. Furthermore, the development in the ecosystem will increase the performance and the market reach as well as per our price analysis and forecast data. As per the price forecast data, the ICX prices might breach the $1.52 mark in 2026. As per the ICON forecast and price analysis, in 2024, the future of ICON will be bright, and the predicted price may reach a minimum level of $0.96. The trading price of the ICX coin can reach a maximum level of its next resistance level, around $1.39 with an average trading price of $1.16.

Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. The percent change in trading volume for this asset compared to 24 hours ago. Over the daily price chart, the STX price is moving inside of a symmetrical triangle pattern.The crypto asset is moving… AVAX token price has been rising for the past 10 days as the token gave a breakout of the supply… The ICX coin price is increasing upwardly around 5.4% during the intraday trading session.

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

The company also provides anti-spam technology for South Korean government agencies and more than a dozen banks. The ICON Cryptocurrency is a cryptocurrency network that was launched in 2017 by a company based in South Korea. The year 2021 started with bullish momentum for Icon and most of the cryptocurrencies in the market. Icon continued with the positive momentum in February as well, pushing Icon price to $3.24 at the end of March 2021 — the new high for the year. Can sell ICON Coin by utilizing any crypto exchanges where both exchanging and edge exchanging are upheld. BuyUcoin is the main crypto exchanger in India and worldwide, where INR is viable with selling ICON Coin. The challenge of ICON is to oppose traditional centralized cryptocurrency exchanges potentially. When grouped, these communities are called a consortium, establish a common set of rules to allow the various blockchains to work effectively together.

The new architecture is designed for Decentralized Finance Apps and further enhances cross-chain interoperability. The main actors of the ICON Network are Public Representatives (P-Reps) and ICONists. P-Reps are node validators on the network, while ICONists are delegators, stakers, and users. According to our predictions, Icon price in one year could be $2.4169. Read more about 1 eth here. You should not expect to get rich with ICON or any other new technology.

ICON uses a cross-chain interoperability solution called Blockchain Transmission Protocol to make information transfers between blockchains easier. ICX is an inflationary token, meaning its supply will grow over time. Here is it as well as other useful data about this kind of cryptocurrency. At TheBitTimes.Com, we collect and provide any valuable content on it such as 1 ICX to USD so that you could make a favorable investment and have a positive result.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about ICON’s price action in 1-hour chunks. Each candlestick will display ICX’s opening price, closing price, as well as the highest and lowest prices that ICON reached within the 1-hour period. The ICON death cross happens when ICON’s 50-day SMA falls below the 200-day SMA. Traders usually interpret a death cross as a bearish signal for future price action, but the actual usefulness of this metric is controversial. The ICON golden cross, on the other hand, is generally interpreted as bullish and happens when the 50-day SMA rises above the 200-day SMA. The Relative Strength Index momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold or overbought . Currently, the RSI value is at 48.13, which indicates that the ICX market is in a neutral position.

The inclusion of an exchange on this page, does not imply that trading the asset on this exchange is regulated or permitted in a specific state or country. Nor the inclusion of an exchange should imply that we recommend doing business with the exchange. Our prices on this page may not accurately represent the latest trade/price https://www.beaxy.com/market/btc/ on an exchange. We do welcome feedback and would like to know if there are errors so that they can be addressed. ICON uses a consensus algorithm called delegated proof of contribution . Similar to delegated proof of stake, , ICON uses a proxy voting mechanism where token holders delegate their coins to P-Rep candidates.

Together, ICON and LINE co-founded ‘Unchain,’ which is an effort to construct LINE’s blockchain network. ICON is the #114 largest cryptocurrency by market cap as of July 25, 2022, with a market cap of $253,124,833 USD. Market cap is calculated by multiplying the asset”s circulating supply with its current price. The percent change in trading volume for this asset compared to 7 days ago. In conclusion, the volume is moderate, making its price sustaining at the resistance zones. Investors may also note that the volume bars on the chart are declining, which hints that striking volatility is awaited in the upcoming trading session. ICON’s Blockchain Transmission Protocol enables cross-chain communication between smart contract-enabled blockchains.