Looking for growth in a volatile market? Try ICON (ICX)
If you are looking to invest in a crypto that has offers excellent short and long-term returns, then you should be looking to invest in ICON (ICX). But before we look into the reasons why ICX is a great investment, let’s first understand what it is.
What is ICON (ICX)?
ICON (ICX) is simply a platform that connects multiple blockchains into one large community. It does this using smart contracts and loop chain technology to allow different blockchains to communicate with each other. That’s definitely huge, considering that the blockchain ecosystem is growing by the day.
But that’s not the main reason why you should think of investing in ICON. There are many even more factors that will most likely push ICX to the stratosphere.
Why ICON will set to explode in value
- Positive news
One of the factors that moves the crypto markets is news. That’s why pretty much the entire crypto market is falling right now, after a series of bad news ranging from South Korea banning anonymous trading, to the current news that Tether is getting issued with Subpoenas by the U.S government. Amidst all these negative news, ICX just got some amazing news.
The platform will be partnering with Forbes and Bloomberg. These are two of the largest financial news corporations in the world. As such, you can be sure that this partnership will be taken positively by the market, and we all know what that means, right? ICX price will hit the roof!
- It is anchored on a revolutionary technology
There is no denying that part of the factors behind a Crypto’s growth is technological superiority. For instance, Ethereum has managed to grow to its current price levels because it created an environment through which, people could create smart contracts. ICON (ICX) has some pretty solid tech behind it too. While it operates on the delegated prove-of-stake system that is also employed by many other cryptos, it adds something extra, and that’s loop chain technology.
Using this technology, ICON allows multiple blockchains to communicate with each other, hence making it an anchor platform for the future growth of the crypto ecosystem. This is huge, and will play a role in pushing up ICX both in the short-term, and act as an anchor to its value growth in the long run.
- ICON is now global
While there were fears amongst investors that ICON would only be big in the Korean market, the partnership with both Bloomberg and Forbes have completely changed that view. The hype around ICX is now guaranteed to take a global angle, and we all know what that means. It means higher demand and upward price momentum!
Where to buy ICON (ICX)
There is no doubt that ICON (ICX) is going up. But now the question is, where can one buy it? If you are looking to invest in ICON, the best place to buy it is on Binance. That’s where the highest volume of ICX is traded. Once you make your purchase, you can either consider leaving it, and day trade it, or store it in a cold wallet, such as MyEtherWallet.