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ICON Price Analysis: How Much Might ICX Cost in 2019-20-25?

  • Denys Serhiichuk
    📚 WikiCoin

    📊👀Every year a few promising altcoins appear on the cryptocurrency market. ICON is just such a coin nowadays.

ICON Price Analysis: How Much Might ICX Cost in 2019-20-25?
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

The ICON (ICX) cryptocurrency is new and quite promising. It is a decentralized application platform. Something similar should be familiar to you on such platforms as Ethereum, EOS, and Bancor.

But the main difference and advantage is that ICON allows you to combine different blockchains, so it makes possible transactions between chains of blocks that are different from each other. For example, between Bitcoin and Ethereum.

At present, the ICON platform is used by:

  • South Korean Finance and Investment Consortium

  • South Korea Healthcare Consortium - the largest operator in the Korean insurance market

  • South Korean university community, for which an autonomous payment system was created on the basis of ICON

Also, the ICON system is currently testing about a dozen other major Korean and foreign companies.

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Cryptocurrency Transaction Speed as of 2019

Cryptocurrency Transaction Speed as of 2019

What happened to ICON in 2018

The ICX Token and the ICON platform were created at the end of 2017. Therefore, most of the listings and successes were accounted for in 2018. ICON technologies are widely used in government. The South Korean Ministry awarded ICONLOOP a prize for the development of science. Collaboration has started with the largest e-commerce representative, Amazon.

The ICON team decided to revise the platform management system, becoming more decentralized. On the basis of this cryptocurrency, new applications began to emerge that facilitate online purchases and personal identification, for example, an ID card in a smartphone. In 2018, the cryptocurrency decided to switch to its own mainnet, successfully migrating tokens.

ICON Price Prediction 2019

To get a better picture of what the future rate of ICON will be, one needs to know the founders' plans regarding the development of the project.  

The Interchain Development team completed an internal demonstration of the data exchange and tokens between the public blockchain ICON and private blockchains based on loopchains deployed in various organizations and enterprises. This protocol will be registered as IIP and released for developers who are interested in the capabilities of ICON.

The first aim for the interchain protocol is to provide a cross-chain link between the implementation of the public blockchain based on loopchains. The next step will be to extend the interchain protocol for other public decentralized databases.

In addition, ICON has partnered with Kyber Network. It will handle any transformation of tokens in the ICON network.

Kyber Network logo
Image by kyber.network

The partnership brings the platforms closer to the exchange between the chains. In the future, developers hope to connect and support additional blockchains and tokens, eventually replacing the current centralized exchange mode.

The Kyber network is widely regarded as one of the most promising projects at the moment, so one should not underestimate this cooperation.

If the crypto market will be in a “bullish” trend, we can assume that the price of ICON will reach $1 in 2019.

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ICON (ICX) Creates New Token Standard for Tokenizing Assets, Compliant with Regulations

ICON Price Prediction 2020 and beyond

The project enlisted the support of the South Korean government, which demonstrates the interest of major business representatives. This can be a solution to the global integration of the blockchain and a way to interact with international and state institutional organizations. The proposed solution can greatly simplify data processing and reduce the time and cost of intermediary services. Several Korean organizations in the field of finance, education, and medicine are already collaborating with the company.

ICON ranking at Coinmarketcap
Image by Coinmarketcap

At the time of writing, ICON is in 35th position in the total capitalization rating.  The cost of ICX is now almost $0.35. There is a generally positive trend, although the short period of existence does not allow obtaining an objective long-term picture for analysis. However, this does not prevent businesses in different areas from investing in the Internet analog for blockchain technology. The use of partners of the ICON project will lead to growth in popularity among various areas of the economy. An increase in investors will determine demand, which will make it possible to stabilize the situation in the upcoming future and achieve a value of more than $10. Under optimal conditions of development, this value can be doubled.

Advantages and disadvantages

The advantages of the project include:

  • The universality of interaction.

  • The ability to exchange various cryptocurrencies, modifications of smart-contracts.

  • No impact on the internal ecosystems of the communities.

  • Decentralized management exercised by individual members of each group.

  • Interaction with artificial intelligence, multi-channel and high-speed data processing.

  • Cooperation with the government of South Korea.

There are no vivid cons with the following platform. However, due to the relative “youth” of the project, specific flaws are not highlighted, and problems may potentially arise in the process of refinement and interaction of global communities with integrated use.

ICON: To invest or not to invest?

Due to the high volatility of ICX, it is very difficult to predict how the price of the token will change. ICX was recently in the phase of deep correction. Now there is a good opportunity for profitable entry into the market since most crypto experts agree that ICON is a promising and long-term project. Of course, it makes sense to make money on short-term jumps in the ICX price, but keep in mind that the project is young and can bring lots of profits in the long run.

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5 Cryptocurrencies With High Potential in 2019 - Updated

5 Cryptocurrencies With High Potential in 2019 - Updated

Taking this into consideration, ICON demonstrates the key functions for the perspective project with big ambitions: real partnerships with international corporations, as well as the basics (team, leadership, technology, and vision), to create a truly compelling product suitable for mass adoption.

In addition to the fact that ICON is one of the few projects that is developed by a team of reputable developers and has a unique technological component, it is a platform with stipulated regulatory regulation. The founders created it taking into account the increased interest from the government of South Korea. Therefore, it can be stated with confidence that ICX is not just another token for quick money-making, but an exceptionally long-running cryptocurrency project.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com
Contents

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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