ICON is a predominantly new coin, which has been created and developed a year back itself. There is an extensive team behind ICON’s development including eight advisors, thirteen members of the blockchain department and five from the AI department. But, it is making headlines, due to which its been gaining quite a bit of popularity. ICON Foundation has very recently announced that they are sponsoring ‘The Wall Blockchain Conference’ at the DMCF (Digital Media City Festival) to be held in Seoul, Korea. Even it has released ICONLOOP a couple of days back, which is new functionality.
Both are adhering to specific markets. ICONLOOP - to focus on designing private blockchain networks for government and institutional clients, while ICON focuses more on the dApp and public blockchain infrastructure. ICON cryptocurrency is also called “Korean NEO” because ICON is similar to the NEO. The project has already completed a series of MOUs and partnerships. They have introduced ChainID, which is the world's first blockchain-oriented joint authentication service.
As of today, ICON (ICX) is trading at $0.144665 with ICX price down by 5.48% today. The market cap of ICON is USD $ 74,737,421 with 516,623,147 ICX circulating currently. (ICX news)
ICON has been inspired by Gilles Deleuze and Felix Guattari’s rhizome – “the world with no center point and where any point is a connection to the other points.” ICON is basically a connector of disparate cryptocurrencies with various blockchain governances, and furthermore, a connector of the crypto world to the real world. ICON embraces the innovative and the unfamiliar, the principle of radical inclusion – accept new decisions and ideologies, made by the new republic established by ever-changing crypto-to-real world connections.
ICON Project aims to build a decentralized network which allows independent blockchains with different governances to transact with one another without any intermediaries. Anyone can get involved in the creation of a new blockchain project and join the network. The new blockchain project is free to connect with existing projects and create new and unique worlds, or blockchain multiverse. ICON can be viewed as both a living organism and an ecosystem.
ICON already boasts of communities comprised of reputable institutions – banks, securities, insurance, hospitals, universities, and many more. It aims of a future with faster money remittance, and frictionless value exchange of securities, medical records, academic data, and insurance fees is within our reach.
Although ICON (ICX) is new to the market, it has managed to secure its position in the top 60, by market capitalization. The market has seen lots of fluctuations this year, especially in the last quarter. Other cryptos are slowly and gradually getting back to its original shape, but ICON is taking a bit more.
In this turbulence, let's check out what the market experts or the editorials have got to say regarding latest ICON price forecast.
CoinLiker is a crypto website that predicts that in 3 years, ICX might trade at $9.59 and in 5 years, it might touch $13.62.
Walletinvestor- a crypto forecast hub predicts that ICON price might reach $0.008068 USD by the end of 2020, which seems pretty reasonable and conservative.
Trading Beasts- a crypto news publishing forum predicts that ICON will be at a maximum at $0.3514 by 2020 end.
ICON has been experiencing lots of fluctuations starting right from its market launch. It is still facing turbulence. But it's not far that ICON will set forth with a comeback. ICON has expanded its ICONLOOP to governments and financial institutions by signing an E4net and MOU. The partnerships include Carboneum, B-Cryptos, Line, etc. Even networks like Reddit, Telegram and other networks are promoting ICON's roadmap and success.
2020 is going to be fruitful for ICON (ICX), as it is the year when Icon might rise with strong capitalization and consequently a concrete value per coin increase. ICON is planning to launch a pre-paid payment system that is entirely digital which could be followed by developing relationships with unnamed partners. And this, in turn, might unfold the path to ICON’s iconic rise. ICX might reach $5.05 by 2020 end as per our prediction.
ICON ICX is going to be one of the promising coins of the time. The ICON website lists a variety of sections that they might focus on. These are securities, insurance, banks, universities, and hospitals. These real-time applications increase the widespread use cases, because of which, it has been identified already by tech giants like Samsung. In a period of 5 years, ICX might be more than 9X in its value, which is an incredible and epic rise, which the enthusiasts are optimistic about. By the end of 2025, ICX is expected to reach $9.912. You can convert ICX to BTC at the best rate at CoinSwitch.
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