(THIS IS NOT FINANCIAL ADVICE!)
Current Price: $4.23
Here's a brief description of what ICX is
Source: https://usethebitcoin.com/
ICON is a blockchain platform that connects various platforms as well such as Bitcoin, Ethereum, NEO, Ark, and Qtum. ICX is, on the other hand, a token used on the ICON platform. The ICX token also enables transactions between different cryptocurrencies by determining their exchange rates through the DEX Reserve. It was developed in Python for faster testing but to transition into C/C++ programming language to increase transaction speed.
How is ICON different from Ethereum and NEO?
ICON developers do not think that all nodes which exist in this would be linked on a single blockchain platform. Therefore, ICON’s plan isn’t to compete with any other blockchain platform out there or future developments but instead to collaborate with others to create synergies. ICON is a platform developed from P2P network, consensus algorithm, and implements a smart contract platform of its own. ICON implements the Loop Fault Tolerance (LFT) with Byzantine Fault Tolerance (BFT) which supports real-time transactions. The blockchain platform also provides smart contract platform that runs on containers without the VM, unlike Ethereum which runs on the EVM.
Also, in NEOs case, it’s also an excellent blockchain platform and seems to support multiple languages through Microsoft Intermediate Language (MIL). With ICON on a highly productive blockchain, consensus can be reached approximately 15-20 seconds faster on the ICON network compared to NEO based on the point at which blocks are generated. ICON generates block every second. Since NEO also aims to connect other blockchains through its cross chain technology, ICON hopes to collaborate with NEO as well.
Where Can You Get It?
Bought mine at Huobi.pro but you can also get it at Binance aswell.
My personal reason as to why ICX is going to moon!
Due to the fact that it has not entered any Korean exchanges. Koreans love their own products heavily and currently a recent statistic has shown that 33% of South Korea have invested into CryptoCurrency. I see that when it does hit South Korea sometime in the near future could take this coin out of it current place at 21 down to top 15 or to even top 10. We've seen in the past how much a support of a coin could make its market cap reach levels similar to what Cardano has reached even though it does not have a working product. Not to mention all of its partnership with serious companies in South Korea. ICX aims to connect all coins under an "umbrella" making it highly sought out in the crypto game. Soon as it hits more exchanges, better marketing, and more ICO's released on the platform, be prepared to see prices hitting between 20-40 dollars a share easily.
Cons of ICX:
-Main net release was half assed but with a project like this I give them props to at least show the community somewhat of what the project is capable of.
-Marketing the project doesn't seem to be high up on their to do list. Makes sense when they still are working on getting their wallet and main net released sometime by the end of March.
-Lastly something I'm not to worried about but needs to be mentioned. SOUTH KOREA FUD! Currently we know not much is going to happen to Crypto in SK, but after last months mentions, I wouldn't be too surprised if we saw some regulation coming out of South Korea.
Price Predictions:
Current Price: $4.23
End of March to April: $22.00
Summer: $45.00
End of Winter: $85.00 - $115.00
HAPPY HODLING :)
-ASA
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