Being one of the youngest cryptocurrency in the market, the ICON (ICX) seems to be showing some determination to prove other currencies wrong. Within a span of 4 months, this coin has hit an all-time high of $12.27 USD.
This is unbelievable! It seems to be doing so well considering some crypto coins such as Ripple (XRP) which has been in the market since 2014 and the highest value they have ever achieved is $2.34.
After experiencing a slight retracement from 9th to 17th of January 2018, the coin now seems to be resuming its previous upward trend again. This is good news to investors!
ICON (ICX) price rising fast
As of 20th January, 2018, the South Korean blockchain, ICX, had shown a 1,789% growth in its value to sell at $8.88 USD per token compared to $0.47 when it was introduced to the market.
But the question is why? Why is it doing this good? Is it just another scam or could investors be looking at the new place to invest?
Since it was launched, the ICON has portrayed a very positive uptrend although rising very slowly till mid-December when the momentum increased.
ICX Coin excellent performance can be partly attributed to the links it has made with institutions such as banks, insurance companies, universities among many more. In linking to these reputable institutions, the ICON kind of advertises some of the special features of its platform.
Smart contract Blockchain ID
Of all the things that it can boast of, is the smart contract blockchain ID technology. It is a process of verifying the identity of the smart contracts.
This smart contract blockchain ID technology can be used by the institutions which have linked with ICON. For example in hospitals, the smart contract Blockchain ID in verifying the payments and exchanged that happen within the hospital.
Decentralized Exchange (DEX)
Another great feature that ICX can boast of is the use of Decentralized Exchange (DEX) for payments and exchanges for its wallet. This means that the process transacting and exchanging currencies take place in real time. Again, this is something that ICON’s community can benefit from. Banks and other institution can use this technology to speed up their operations.
Also, by the fact that ICON is a decentralized platform with free communities, the communities have the liberty to adopt ICON’s blockchain structure to connect and interact. As long as the party creates a new DAPP with independent governance, the party is free to join ICON.
Where can one invest in ICON (ICX)?
Binance was the first place ICON (ICX) started trading after it was released. Then, with time other platforms took the coin up and started listing it too in their trading platform.
The cryptocurrencies trading platform which lists icon (ICX) include: