ICON (ICX) Price Prediction

ICON Overview: How Does It Work?

ICON is a decentralized blockchain network created for communication between individual communities and blockchains. The main goal of the ICON team is to provide a decentralized framework for web applications of companies from a variety of industries. ICX tokens belong to the ERC-20 standard.

Several independent blockchains are operating on the site. The platform should facilitate efficient transactions between different blockchains, even if they use distinct consensus mechanisms.

The system operates on the principle of the Internet, which has collected a huge number of protocols. This is how the ICON project is supposed to work. Its goal is to create an environment that is in demand by various types of blockchains. The creators of the cryptocurrency used the experience of such systems as Bancor and Ethereum in their work.

The ICON blockchain works on the basis of the Delegated Proof-of-Contribution protocol, which is very similar to Delegated Proof-of-Stake. Globally, the blockchain of the ICON project includes two types of users:

• Citizen Node is a separate component connected to the ICON network. The Citizen Node category can include both individuals and entire companies.

• Public Representative is a representative unit of the community. This node confirms transfers and participates in the management of the ICON blockchain.

Potentially, this cryptocurrency has a broad scope of application: e-commerce, securities trading, financial organizations, higher education institutions, and so on.

Decentralized applications (dApps) are being developed on the platform. Currency conversion software, payments for goods and services, as well as blockchain identifiers are among the most popular ones. Applications created, for example, to test authenticity in one network can be used by other programs. The mechanics of the ICX token identification can be applied by various financial organizations.

The main features of the ICON cryptocurrency are listed below.

• ICX has high compatibility: the platform can interact with blockchains of popular cryptocurrencies, such as Bitcoin and Ethereum. This characteristic is necessary for the introduction of digital money into the real world.

• The platform is decentralized. This approach is typical for most blockchain projects. Each blockchain that is connected to the Nexus platform has basic functions. As stated by creators of the cryptocurrency, their approach represents the principle of real self-government. The Nexus platform provides ample opportunities for the joint solution of tasks related to making various adjustments within the common network’s framework.

• The ICON cryptocurrency is based on the Loopchain model. It guarantees online payments built on an improved version of smart contracts. The key purpose of Loopchain is corporate use. A crucial detail here is that smart contracts can communicate with other ICON-based platforms.

• ICX is equipped with reliable protection. The ICX blockchain uses a consensus mechanism based on the Loop Fault Tolerance algorithm. It is based on a modified Byzantine BFT model; its peculiarity lies in the high speed. The vital purpose of this protocol is to ensure a systematic update of the platform without a hard fork.

• ICX has a modified Loopchain function. It is called the Smart Contract on Reliable Environment (SCORE). Its purpose is to ensure the execution of transactions in the existing ecosystem of the block, excluding the use of additional mechanisms. The function adapts to different applications.

Below you can find a video review of the ICON cryptocurrency and its native token ICX.

ICON Overview

• Our real-time ICX to USD price update shows the current Icon price as $0.17 USD.
• Our most recent Icon price forecast indicates that its value will increase by 2.38% and reach $0.175676 by September 28, 2023.
• Our technical indicators signal about the Bearish Bullish 7% market sentiment on Icon, while the Fear & Greed Index is displaying a score of 46 (Fear).
• Over the last 30 days, Icon has had 19/30 (63%) green days and 3.79% price volatility.

Icon (ICX) Technical Overview

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Icon (ICX) Price Prediction For Today, Tomorrow and Next 30 Days

ICON Prediction Table

ICON Historical

According to the latest data gathered, the current price of ICON is $$0.17, and ICX is presently ranked No. 143 in the entire crypto ecosystem. The circulation supply of ICON is $166,498,078.11, with a market cap of 967,904,479 ICX.

In the past 24 hours, the crypto has increased by $0.0009 in its current value.

For the last 7 days, ICX has been in a good upward trend, thus increasing by 0.02%. ICON has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.

During the last month, the price of ICX has increased by 1.61%, adding a colossal average amount of $0.0028 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.

ICON Price Prediction 2023

According to the technical analysis of ICON prices expected in 2023, the minimum cost of ICON will be $$0.171. The maximum level that the ICX price can reach is $$0.189. The average trading price is expected around $$0.208.

ICX Price Forecast for September 2023

Based on the price fluctuations of ICON at the beginning of 2023, crypto experts expect the average ICX rate of $$0.175 in September 2023. Its minimum and maximum prices can be expected at $$0.172 and at $$0.178, respectively.

October 2023: ICON Price Forecast

Cryptocurrency experts are ready to announce their forecast for the ICX price in October 2023. The minimum trading cost might be $$0.175, while the maximum might reach $$0.208 during this month. On average, it is expected that the value of ICON might be around $$0.191.

ICX Price Forecast for November 2023

Crypto analysts have checked the price fluctuations of ICON in 2023 and in previous years, so the average ICX rate they predict might be around $$0.183 in November 2023. It can drop to $$0.171 as a minimum. The maximum value might be $$0.195.

December 2023: ICON Price Forecast

In the middle of the year 2023, the ICX price will be traded at $$0.184 on average. December 2023 might also witness an increase in the ICON value to $$0.189. It is assumed that the price will not drop lower than $$0.179 in December 2023.

ICX Price Forecast for January 2024

Crypto experts have analyzed ICON prices in 2023, so they are ready to provide their estimated trading average for January 2024 — $$0.194. The lowest and peak ICX rates might be $$0.182 and $$0.205.

ICON Price Prediction 2024

After the analysis of the prices of ICON in previous years, it is assumed that in 2024, the minimum price of ICON will be around $$0.182. The maximum expected ICX price may be around $$0.293. On average, the trading price might be $$0.404 in 2024.

ICON Price Prediction 2025

Based on the technical analysis by cryptocurrency experts regarding the prices of ICON, in 2025, ICX is expected to have the following minimum and maximum prices: about $$0.53 and $$0.61, respectively. The average expected trading cost is $$0.55.

ICON Price Prediction 2026

The experts in the field of cryptocurrency have analyzed the prices of ICON and their fluctuations during the previous years. It is assumed that in 2026, the minimum ICX price might drop to $$0.79, while its maximum can reach $$0.94. On average, the trading cost will be around $$0.81.

ICON Price Prediction 2027

Based on the analysis of the costs of ICON by crypto experts, the following maximum and minimum ICX prices are expected in 2027: $$1.35 and $$1.14. On average, it will be traded at $$1.19.

ICON Price Prediction 2028

Crypto experts are constantly analyzing the fluctuations of ICON. Based on their predictions, the estimated average ICX price will be around $$1.67. It might drop to a minimum of $$1.63, but it still might reach $$1.95 throughout 2028.

ICON Price Prediction 2029

Every year, cryptocurrency experts prepare forecasts for the price of ICON. It is estimated that ICX will be traded between $$2.42 and $$2.87 in 2029. Its average cost is expected at around $$2.50 during the year.

ICON Price Prediction 2030

Cryptocurrency analysts are ready to announce their estimations of the ICON’s price. The year 2030 will be determined by the maximum ICX price of $$4.31. However, its rate might drop to around $$3.51. So, the expected average trading price is $$3.64.

ICON Price Prediction 2031

After years of analysis of the ICON price, crypto experts are ready to provide their ICX cost estimation for 2031. It will be traded for at least $$5.15, with the possible maximum peaks at $$6.16. Therefore, on average, you can expect the ICX price to be around $$5.33 in 2031.

ICON Price Prediction 2032

Cryptocurrency analysts are ready to announce their estimations of the ICON’s price. The year 2032 will be determined by the maximum ICX price of $$9.03. However, its rate might drop to around $$7.54. So, the expected average trading price is $$7.75.

ICON Price Analysis