ICX (Icon) as Large-cap Coin is 42nd in the 2100NEWS ranking. The quality of the order book of ICX is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 17.4. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
ICX has been launched in 30 exchanges.
Icon as Large-cap Coin is 42nd in 2100NEWS ranking (after Index Review of 9th October 2020). It is an Index member: NWST1100, NWSL100, NWSCo100, NWSDM100.
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 17.9, (Average for Large caps: 17.4)
Over the past week, the average market cap was $142.2 million, average daily volume was $10.5 million.
In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. In order to make an appropriate peer comparison, we gauged the ICX (Icon) with 2100NEWS DA Coin Index (NWSCo100). On average (violet area chart), the relationship between ICX to NWSCo100 has shown that it was weaker over the last three months, it has underperformed the NWSCo100 by 15%. However, if we compare the ICX green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is not strong (Pearsons correlation coefficient = 0.60). However, for 90% of the time, it was moving in the same direction as the NWSCo100. So, it has been an ordinary representative of the NWSCo100 index in terms of price changes.
*The chart below shows the ICX compared to NWSCo100 at the top, the box in the middle of the chart shows the original ICX price, and at the bottom of the chart we see NWSCo100 and the correlation between ICX and NWSCo100.
According to their roadmap, which they update monthly, they have already done a lot. Nevertheless, they are completely overhauling the network because the current ICON mainnet was their first raw attempt to create and experiment with a public blockchain network. The first improvements of ICON 2.0 are expected to be available by the end of October 2020. ICON 2.0 is a brand new software; a faster, more stable, and scalable high-performance blockchain that inherits the current ICON Network. They also decided to renovate the website. Of course, they also care about the community. They maintain contacts with the community through various social networks. They have 116.4K followers on Twitter.
About Icon – what they do
The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries. Anyone can create a new blockchain project and join the network. A new blockchain project is free to connect with existing projects and create new unique worlds, or blockchain multiverse. ICON itself can be viewed as both a living organism and an ecosystem. The ICON Project is not simply a connection of blockchain nodes, but a deep study or an investigation of community-to-community connectivity. ICON started with the mission to create a protocol, or cryptocurrency, to be actively utilized in the real world within and between actual communities.
ICON Network is a decentralized smart contract protocol based on ‘loopchain’, a high-performance blockchain engine. The ICON Network aims to remove barriers among different blockchains and allow them to exchange values without intermediaries. By realizing this goal, ICON will realize the mass adoption of blockchain technology and Hyperconnect the World.
ICONex is ICON’s Wallet supporting ICX and various cryptocurrencies. ICONex boasts faster transactions, secure payments, and liquid exchange across multiple cryptocurrencies with user-friendly UX and UI.
ICONick is a convenient ‘wallet ID’ used in the ICON network. Use your own unique nickname instead of a long and complicated default wallet address to conveniently transfer or exchange ICX
Founded in 2017, ICON is supported by influential blockchain partners including global accelerators, cryptocurrency-focused venture capitalists, law firms, and blockchain media platforms. The council consists of Min Kim and Pascal Schmid.
Exchanges: Beaxy, Binance, Binance.US, Bitbns, Bithumb, Bitrue, Bitsonic, Bittrex, Bitvavo, BKEX, Coinall, CoinDCX, CoinEx, CoinTiger, Crypto.com Exchange, DragonEX, Gate.io, HitBTC, Hotbit, Huobi Global, Huobi Korea, Kraken, LATOKEN, OKEx, OKEx Korea, ProBit Exchange, Upbit, VELIC, WazirX, ZB.COM.
You can follow them: Facebook Reddit Twitter
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens ICX.