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ICON Overview: How Does It Work?
ICON is a decentralized blockchain network created for communication between individual communities and blockchains. The main goal of the ICON team is to provide a decentralized framework for web applications of companies from a variety of industries. ICX tokens belong to the ERC-20 standard.
Several independent blockchains are operating on the site. The platform should facilitate efficient transactions between different blockchains, even if they use distinct consensus mechanisms.
The system operates on the principle of the Internet, which has collected a huge number of protocols. This is how the ICON project is supposed to work. Its goal is to create an environment that is in demand by various types of blockchains. The creators of the cryptocurrency used the experience of such systems as Bancor and Ethereum in their work.
The ICON blockchain works on the basis of the Delegated Proof-of-Contribution protocol, which is very similar to Delegated Proof-of-Stake. Globally, the blockchain of the ICON project includes two types of users:
- Citizen Node is a separate component connected to the ICON network. The Citizen Node category can include both individuals and entire companies.
- Public Representative is a representative unit of the community. This node confirms transfers and participates in the management of the ICON blockchain.
Potentially, this cryptocurrency has a broad scope of application: e-commerce, securities trading, financial organizations, higher education institutions, and so on.
Decentralized applications (dApps) are being developed on the platform. Currency conversion software, payments for goods and services, as well as blockchain identifiers are among the most popular ones. Applications created, for example, to test authenticity in one network can be used by other programs. The mechanics of the ICX token identification can be applied by various financial organizations.
The main features of the ICON cryptocurrency are listed below.
- ICX has high compatibility: the platform can interact with blockchains of popular cryptocurrencies, such as Bitcoin and Ethereum. This characteristic is necessary for the introduction of digital money into the real world.
- The platform is decentralized. This approach is typical for most blockchain projects. Each blockchain that is connected to the Nexus platform has basic functions. As stated by creators of the cryptocurrency, their approach represents the principle of real self-government. The Nexus platform provides ample opportunities for the joint solution of tasks related to making various adjustments within the common network’s framework.
- The ICON cryptocurrency is based on the Loopchain model. It guarantees online payments built on an improved version of smart contracts. The key purpose of Loopchain is corporate use. A crucial detail here is that smart contracts can communicate with other ICON-based platforms.
- ICX is equipped with reliable protection. The ICX blockchain uses a consensus mechanism based on the Loop Fault Tolerance algorithm. It is based on a modified Byzantine BFT model; its peculiarity lies in the high speed. The vital purpose of this protocol is to ensure a systematic update of the platform without a hard fork.
- ICX has a modified Loopchain function. It is called the Smart Contract on Reliable Environment (SCORE). Its purpose is to ensure the execution of transactions in the existing ecosystem of the block, excluding the use of additional mechanisms. The function adapts to different applications.
Below you can find a video review of the ICON cryptocurrency and its native token ICX.
ICON Overview
- Our real-time ICX to USD price update shows the current Icon price as $0.34 USD.
- Our most recent Icon price forecast indicates that its value will increase by 2.44% and reach $0.368492 by March 16, 2024.
- Our technical indicators signal about the Bullish Bullish 91% market sentiment on Icon, while the Fear & Greed Index is displaying a score of 88 (Extreme Greed).
- Over the last 30 days, Icon has had 21/30 (70%) green days and 15.31% price volatility.
Icon (ICX) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
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Icon (ICX) Price Prediction For Today, Tomorrow and Next 30 Days
| Date | Price | Change |
|---|---|---|
| March 15, 2024 | $0.360163 | 0.13% |
| March 16, 2024 | $0.362003 | 0.64% |
| March 17, 2024 | $0.368492 | 2.44% |
| March 18, 2024 | $0.374939 | 4.23% |
| March 19, 2024 | $0.378562 | 5.24% |
| March 20, 2024 | $0.382718 | 6.4% |
| March 21, 2024 | $0.390353 | 8.52% |
| March 22, 2024 | $0.396008 | 10.09% |
| March 23, 2024 | $0.400757 | 11.41% |
| March 24, 2024 | $0.411096 | 14.29% |
| March 25, 2024 | $0.433422 | 20.49% |
| March 26, 2024 | $0.438368 | 21.87% |
| March 27, 2024 | $0.431428 | 19.94% |
| March 28, 2024 | $0.421628 | 17.21% |
| March 29, 2024 | $0.406264 | 12.94% |
| March 30, 2024 | $0.384215 | 6.81% |
| March 31, 2024 | $0.375531 | 4.4% |
| April 01, 2024 | $0.385361 | 7.13% |
| April 02, 2024 | $0.392459 | 9.1% |
| April 03, 2024 | $0.381170 | 5.97% |
| April 04, 2024 | $0.375829 | 4.48% |
| April 05, 2024 | $0.374589 | 4.14% |
| April 06, 2024 | $0.365662 | 1.65% |
| April 07, 2024 | $0.376204 | 4.59% |
| April 08, 2024 | $0.384628 | 6.93% |
| April 09, 2024 | $0.391233 | 8.76% |
| April 10, 2024 | $0.397282 | 10.45% |
| April 11, 2024 | $0.406838 | 13.1% |
| April 12, 2024 | $0.404423 | 12.43% |
| April 13, 2024 | $0.401187 | 11.53% |
ICON Prediction Table
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2040
2050
| March | $0.360 | $0.399 | $0.438 | |
| April | $0.252 | $0.335 | $0.418 | |
| May | $0.244 | $0.325 | $0.405 | |
| June | $0.245 | $0.255 | $0.264 | |
| July | $0.247 | $0.332 | $0.417 | |
| August | $0.352 | $0.388 | $0.424 | |
| September | $0.212 | $0.300 | $0.387 | |
| October | $0.230 | $0.242 | $0.253 | |
| November | $0.227 | $0.243 | $0.259 | |
| December | $0.228 | $0.243 | $0.258 | |
| All Time | $0.260 | $0.306 | $0.352 |
Choose a year
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2040
2050
ICON Historical
According to the latest data gathered, the current price of ICON is $$0.33, and ICX is presently ranked No. 238 in the entire crypto ecosystem. The circulation supply of ICON is $324,574,717.48, with a market cap of 984,483,646 ICX.
In the past 24 hours, the crypto has increased by $0.03 in its current value.
For the last 7 days, ICX has been in a good upward trend, thus increasing by 1.77%. ICON has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of ICX has increased by 43.65%, adding a colossal average amount of $0.14 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
ICON Price Prediction 2024
According to the technical analysis of ICON prices expected in 2024, the minimum cost of ICON will be $$0.212. The maximum level that the ICX price can reach is $$0.325. The average trading price is expected around $$0.438.
ICX Price Forecast for March 2024
Based on the price fluctuations of ICON at the beginning of 2023, crypto experts expect the average ICX rate of $$0.399 in March 2024. Its minimum and maximum prices can be expected at $$0.360 and at $$0.438, respectively.
April 2024: ICON Price Forecast
Cryptocurrency experts are ready to announce their forecast for the ICX price in April 2024. The minimum trading cost might be $$0.252, while the maximum might reach $$0.418 during this month. On average, it is expected that the value of ICON might be around $$0.335.
ICX Price Forecast for May 2024
Crypto analysts have checked the price fluctuations of ICON in 2023 and in previous years, so the average ICX rate they predict might be around $$0.325 in May 2024. It can drop to $$0.244 as a minimum. The maximum value might be $$0.405.
June 2024: ICON Price Forecast
In the middle of the year 2023, the ICX price will be traded at $$0.255 on average. June 2024 might also witness an increase in the ICON value to $$0.264. It is assumed that the price will not drop lower than $$0.245 in June 2024.
ICX Price Forecast for July 2024
Crypto experts have analyzed ICON prices in 2023, so they are ready to provide their estimated trading average for July 2024 — $$0.332. The lowest and peak ICX rates might be $$0.247 and $$0.417.
August 2024: ICON Price Forecast
Crypto analysts expect that at the end of summer 2023, the ICX price will be around $$0.388. In August 2024, the ICON cost may drop to a minimum of $$0.352. The expected peak value might be $$0.424 in August 2024.
ICX Price Forecast for September 2024
Having analyzed ICON prices, cryptocurrency experts expect that the ICX rate might reach a maximum of $$0.387 in September 2024. It might, however, drop to $$0.212. For September 2024, the forecasted average of ICON is nearly $$0.300.
October 2024: ICON Price Forecast
In the middle of autumn 2023, the ICON cost will be traded at the average level of $$0.242. Crypto analysts expect that in October 2024, the ICX price might fluctuate between $$0.230 and $$0.253.
ICX Price Forecast for November 2024
Market experts expect that in November 2024, the ICON value will not drop below a minimum of $$0.227. The maximum peak expected this month is $$0.259. The estimated average trading value will be at the level of $$0.243.
December 2024: ICON Price Forecast
Cryptocurrency experts have carefully analyzed the range of ICX prices throughout 2023. For December 2024, their forecast is the following: the maximum trading value of ICON will be around $$0.258, with a possibility of dropping to a minimum of $$0.228. In December 2024, the average cost will be $$0.243.
ICON Price Prediction 2025
After the analysis of the prices of ICON in previous years, it is assumed that in 2025, the minimum price of ICON will be around $$0.6340. The maximum expected ICX price may be around $$0.7514. On average, the trading price might be $$0.6564 in 2025.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $0.247 | $0.456 | $0.361 |
| February 2025 | $0.282 | $0.474 | $0.396 |
| March 2025 | $0.318 | $0.493 | $0.432 |
| April 2025 | $0.353 | $0.511 | $0.467 |
| May 2025 | $0.388 | $0.529 | $0.503 |
| June 2025 | $0.423 | $0.547 | $0.538 |
| July 2025 | $0.458 | $0.565 | $0.574 |
| August 2025 | $0.493 | $0.584 | $0.609 |
| September 2025 | $0.529 | $0.602 | $0.645 |
| October 2025 | $0.564 | $0.620 | $0.680 |
| November 2025 | $0.599 | $0.638 | $0.716 |
| December 2025 | $0.634 | $0.656 | $0.751 |
ICON Price Prediction 2026
Based on the technical analysis by cryptocurrency experts regarding the prices of ICON, in 2026, ICX is expected to have the following minimum and maximum prices: about $$0.9183 and $$1.11, respectively. The average expected trading cost is $$0.9446.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2026 | $0.658 | $0.680 | $0.781 |
| February 2026 | $0.681 | $0.704 | $0.811 |
| March 2026 | $0.705 | $0.728 | $0.841 |
| April 2026 | $0.729 | $0.752 | $0.871 |
| May 2026 | $0.752 | $0.776 | $0.901 |
| June 2026 | $0.776 | $0.801 | $0.931 |
| July 2026 | $0.800 | $0.825 | $0.961 |
| August 2026 | $0.824 | $0.849 | $0.990 |
| September 2026 | $0.847 | $0.873 | $1.02 |
| October 2026 | $0.871 | $0.897 | $1.05 |
| November 2026 | $0.895 | $0.921 | $1.08 |
| December 2026 | $0.918 | $0.945 | $1.11 |
ICON Price Prediction 2027
The experts in the field of cryptocurrency have analyzed the prices of ICON and their fluctuations during the previous years. It is assumed that in 2027, the minimum ICX price might drop to $$1.27, while its maximum can reach $$1.58. On average, the trading cost will be around $$1.31.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2027 | $0.948 | $0.975 | $1.15 |
| February 2027 | $0.977 | $1.01 | $1.19 |
| March 2027 | $1.01 | $1.04 | $1.23 |
| April 2027 | $1.04 | $1.07 | $1.27 |
| May 2027 | $1.06 | $1.10 | $1.31 |
| June 2027 | $1.09 | $1.13 | $1.35 |
| July 2027 | $1.12 | $1.16 | $1.38 |
| August 2027 | $1.15 | $1.19 | $1.42 |
| September 2027 | $1.18 | $1.22 | $1.46 |
| October 2027 | $1.21 | $1.25 | $1.50 |
| November 2027 | $1.24 | $1.28 | $1.54 |
| December 2027 | $1.27 | $1.31 | $1.58 |
ICON Price Prediction 2028
Based on the analysis of the costs of ICON by crypto experts, the following maximum and minimum ICX prices are expected in 2028: $$2.21 and $$1.83. On average, it will be traded at $$1.90.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2028 | $1.32 | $1.36 | $1.63 |
| February 2028 | $1.36 | $1.41 | $1.69 |
| March 2028 | $1.41 | $1.46 | $1.74 |
| April 2028 | $1.46 | $1.51 | $1.79 |
| May 2028 | $1.50 | $1.56 | $1.84 |
| June 2028 | $1.55 | $1.61 | $1.90 |
| July 2028 | $1.60 | $1.65 | $1.95 |
| August 2028 | $1.64 | $1.70 | $2 |
| September 2028 | $1.69 | $1.75 | $2.05 |
| October 2028 | $1.74 | $1.80 | $2.11 |
| November 2028 | $1.78 | $1.85 | $2.16 |
| December 2028 | $1.83 | $1.90 | $2.21 |
ICON Price Prediction 2029
Crypto experts are constantly analyzing the fluctuations of ICON. Based on their predictions, the estimated average ICX price will be around $$2.81. It might drop to a minimum of $$2.74, but it still might reach $$3.18 throughout 2029.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2029 | $1.91 | $1.98 | $2.29 |
| February 2029 | $1.98 | $2.05 | $2.37 |
| March 2029 | $2.06 | $2.13 | $2.45 |
| April 2029 | $2.13 | $2.20 | $2.53 |
| May 2029 | $2.21 | $2.28 | $2.61 |
| June 2029 | $2.29 | $2.36 | $2.70 |
| July 2029 | $2.36 | $2.43 | $2.78 |
| August 2029 | $2.44 | $2.51 | $2.86 |
| September 2029 | $2.51 | $2.58 | $2.94 |
| October 2029 | $2.59 | $2.66 | $3.02 |
| November 2029 | $2.66 | $2.73 | $3.10 |
| December 2029 | $2.74 | $2.81 | $3.18 |
ICON Price Prediction 2030
Every year, cryptocurrency experts prepare forecasts for the price of ICON. It is estimated that ICX will be traded between $$4.06 and $$4.67 in 2030. Its average cost is expected at around $$4.17 during the year.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2030 | $2.85 | $2.92 | $3.30 |
| February 2030 | $2.96 | $3.04 | $3.43 |
| March 2030 | $3.07 | $3.15 | $3.55 |
| April 2030 | $3.18 | $3.26 | $3.68 |
| May 2030 | $3.29 | $3.38 | $3.80 |
| June 2030 | $3.40 | $3.49 | $3.93 |
| July 2030 | $3.51 | $3.60 | $4.05 |
| August 2030 | $3.62 | $3.72 | $4.17 |
| September 2030 | $3.73 | $3.83 | $4.30 |
| October 2030 | $3.84 | $3.94 | $4.42 |
| November 2030 | $3.95 | $4.06 | $4.55 |
| December 2030 | $4.06 | $4.17 | $4.67 |
ICON Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the ICON’s price. The year 2031 will be determined by the maximum ICX price of $$7.12. However, its rate might drop to around $$5.95. So, the expected average trading price is $$6.12.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2031 | $4.22 | $4.33 | $4.87 |
| February 2031 | $4.38 | $4.50 | $5.08 |
| March 2031 | $4.53 | $4.66 | $5.28 |
| April 2031 | $4.69 | $4.82 | $5.49 |
| May 2031 | $4.85 | $4.98 | $5.69 |
| June 2031 | $5.01 | $5.15 | $5.90 |
| July 2031 | $5.16 | $5.31 | $6.10 |
| August 2031 | $5.32 | $5.47 | $6.30 |
| September 2031 | $5.48 | $5.63 | $6.51 |
| October 2031 | $5.64 | $5.80 | $6.71 |
| November 2031 | $5.79 | $5.96 | $6.92 |
| December 2031 | $5.95 | $6.12 | $7.12 |
ICON Price Prediction 2032
After years of analysis of the ICON price, crypto experts are ready to provide their ICX cost estimation for 2032. It will be traded for at least $$8.73, with the possible maximum peaks at $$10.37. Therefore, on average, you can expect the ICX price to be around $$8.97 in 2032.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2032 | $6.18 | $6.36 | $7.39 |
| February 2032 | $6.41 | $6.60 | $7.66 |
| March 2032 | $6.65 | $6.83 | $7.93 |
| April 2032 | $6.88 | $7.07 | $8.20 |
| May 2032 | $7.11 | $7.31 | $8.47 |
| June 2032 | $7.34 | $7.55 | $8.75 |
| July 2032 | $7.57 | $7.78 | $9.02 |
| August 2032 | $7.80 | $8.02 | $9.29 |
| September 2032 | $8.04 | $8.26 | $9.56 |
| October 2032 | $8.27 | $8.50 | $9.83 |
| November 2032 | $8.50 | $8.73 | $10.10 |
| December 2032 | $8.73 | $8.97 | $10.37 |
ICON Price Prediction 2033
Cryptocurrency analysts are ready to announce their estimations of the ICON’s price. The year 2033 will be determined by the maximum ICX price of $$14.95. However, its rate might drop to around $$12.68. So, the expected average trading price is $$13.04.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2033 | $9.06 | $9.31 | $10.75 |
| February 2033 | $9.39 | $9.65 | $11.13 |
| March 2033 | $9.72 | $9.99 | $11.52 |
| April 2033 | $10.05 | $10.33 | $11.90 |
| May 2033 | $10.38 | $10.67 | $12.28 |
| June 2033 | $10.71 | $11.01 | $12.66 |
| July 2033 | $11.03 | $11.34 | $13.04 |
| August 2033 | $11.36 | $11.68 | $13.42 |
| September 2033 | $11.69 | $12.02 | $13.81 |
| October 2033 | $12.02 | $12.36 | $14.19 |
| November 2033 | $12.35 | $12.70 | $14.57 |
| December 2033 | $12.68 | $13.04 | $14.95 |
ICON Price Prediction 2040
According to the technical analysis of ICON prices expected in 2040, the minimum cost of ICON will be $$243.77. The maximum level that the ICX price can reach is $$285.61. The average trading price is expected around $$259.53.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2040 | $31.94 | $33.58 | $37.51 |
| February 2040 | $51.20 | $54.12 | $60.06 |
| March 2040 | $70.45 | $74.66 | $82.62 |
| April 2040 | $89.71 | $95.20 | $105.17 |
| May 2040 | $108.97 | $115.74 | $127.73 |
| June 2040 | $128.23 | $136.29 | $150.28 |
| July 2040 | $147.48 | $156.83 | $172.84 |
| August 2040 | $166.74 | $177.37 | $195.39 |
| September 2040 | $186 | $197.91 | $217.95 |
| October 2040 | $205.26 | $218.45 | $240.50 |
| November 2040 | $224.51 | $238.99 | $263.06 |
| December 2040 | $243.77 | $259.53 | $285.61 |
ICON Price Prediction 2050
After the analysis of the prices of ICON in previous years, it is assumed that in 2050, the minimum price of ICON will be around $$366.42. The maximum expected ICX price may be around $$412.05. On average, the trading price might be $$385.33 in 2050.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2050 | $253.99 | $270.01 | $296.15 |
| February 2050 | $264.21 | $280.50 | $306.68 |
| March 2050 | $274.43 | $290.98 | $317.22 |
| April 2050 | $284.65 | $301.46 | $327.76 |
| May 2050 | $294.87 | $311.95 | $338.29 |
| June 2050 | $305.10 | $322.43 | $348.83 |
| July 2050 | $315.32 | $332.91 | $359.37 |
| August 2050 | $325.54 | $343.40 | $369.90 |
| September 2050 | $335.76 | $353.88 | $380.44 |
| October 2050 | $345.98 | $364.36 | $390.98 |
| November 2050 | $356.20 | $374.85 | $401.51 |
| December 2050 | $366.42 | $385.33 | $412.05 |
ICON Price Analysis
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