ICON Project Crypto

ICX Crypto  USD 0.36  0.01  2.86%   

Performance

10 of 100

 
Low
 
High
OK

Risk Of Devaluation

Over 69

 
100  
 
Zero
Quite High
ICON Project is trading at 0.36 as of the 29th of March 2024, a 2.86 percent up since the beginning of the trading day. ICON Project has more than 69 % chance of experiencing financial distress in the next few years of operation. However, it had a very ok returns during the last 90 days. Cryptocurrency ratings for ICON Project are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2023 and ending today, the 29th of March 2024. Click here to learn more.
ICON Project is peer-to-peer digital currency powered by the Blockchain technology. More on ICON Project

Moving together with ICON Crypto Coin

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  0.93NEAR NearPairCorr
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ICON Project is a market place for P2P digital cash denominated as Cryptocurrency. ICON Project has been active in the last 3 months, and it is today expressing a bullish sentiment. Cryptocurrencies such as ICON Project are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as ICON Project are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

ICON Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. ICON Project's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding ICON Project or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Business ConcentrationTechnology, Cryptocurrency, Blockchain (View all Sectors)
ICON Project is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 6 exchanges in multiple currencies. Founded in August 2017, the ICON network aims to enhance its Layer 1 ecosystem and create a sustainable infrastructure for cross-chain development. It addresses challenges such as security, scalability, and speed in cross-chain environments, providing cross-chain functionality to applications seeking to improve efficiency across blockchain networks. ICON's Cross-Chain Framework, featuring the xCall General Message Passing system and secure bridging protocols, is designed to facilitate easier cross-chain development.
AlgorithmLoopchain
Coin TypeICON Project
Proof TypePoS
IndustryBlockchain-Specific Application
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolICX
Market Performance RatingE+
NameICX
Sponsoredfalse
Asset Whitepaper UrlView
Decimal Points18.0
Is Tradingtrue
Algorithm Typesha3-256d
Asset Launch Date2017-10-24
Full NameICON Project (ICX)
Asset Website Urlhttps://www.icon.foundation/en/
Asset Token StatusFinished
Platform Typeblockchain
Coin NameICON Project
Total Coins Mined998.04 Million
ICON Project (ICX) is traded on CRYPTO Exchanges. ICON Project is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 6.74 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ICON Project's market, we take the total number of its shares issued and multiply it by ICON Project's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

ICON Project's Exchanges and Markets

HitBTC Kraken Binance Coinone Bithumb CoinEx

ICON Project Target Price Odds Analysis

What are ICON Project's target price odds to finish over the current price? Based on a normal probability distribution, the odds of ICON Project jumping above the current price in 90 days from now is roughly 2.72%. The ICON Project probability density function shows the probability of ICON Project crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the crypto coin has a beta coefficient of 1.1705. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ICON Project will likely underperform. Additionally, iCON Project has an alpha of 0.3665, implying that it can generate a 0.37 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.36HorizonTargetOdds Above 0.36
97.26%90 days
 0.36 
2.72%
Based on a normal probability distribution, the odds of ICON Project to move above the current price in 90 days from now is roughly 2.72 (This ICON Project probability density function shows the probability of ICON Crypto Coin to fall within a particular range of prices over 90 days) .

ICON Project Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. ICON Project market risk premium is the additional return an investor will receive from holding ICON Project long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ICON Project. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ICON Project's alpha and beta are two of the key measurements used to evaluate ICON Project's performance over the market, the standard measures of volatility play an important role as well.

ICON Project Technical Analysis

When it comes to investing in cryptocurrency, such as ICON Project, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of ICON Project, which is currently traded at 0.36, shows everything you need to know about ICON Project market value. You don't have to consider the fundamental factors that affect a crypto asset, such as ICON, to determine its price movements. However, the ICON Project's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so ICON Project's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project ICON Project's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. ICON Project Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe ICON Project price patterns.

ICON Project Against Markets

Picking the right benchmark for ICON Project crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ICON Project crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ICON Project is critical whether you are bullish or bearish towards ICON Project at a given time. Please also check how ICON Project's historical prices are related to one of the top price index indicators.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in ICON Project without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in ICON Project

You need to understand the risk of getting into digital currencies such as ICX before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in ICON Project in four ways:

Buy ICX through an exchange

Get yourself a crypto wallet before embarking on your ICON Project journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase ICON Project. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of ICON Project through an exchange

You don't have to buy a full token when starting out since ICX is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade ICON Project through a broker

If you don't want to store your ICON Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in ICX through an exchange-traded fund (ETF)

You can also invest in ICX through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having ICON Project in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
When determining whether ICON Project offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ICON Project's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Icon Project Crypto.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICON Project. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for ICON Crypto Coin analysis

When running ICON Project's price analysis, check to measure ICON Project's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy ICON Project is operating at the current time. Most of ICON Project's value examination focuses on studying past and present price actions to predict the probability of ICON Project's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move ICON Project's coin price. Additionally, you may evaluate how adding ICON Project to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between ICON Project's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine ICON Project value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, ICON Project's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.