Price Action
Over the past week, ICON Project saw its price go up by 8.34%. It is above its 20 day moving average by 6.02%, so it’s slightly away. ICON Project’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Now when considering volatility, ICON Project is more prone to sizable price moves than 32% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. If volatility over the past three weeks is any indication of what’s to come, we can expect ICON Project to bounce between 0.2904415 and $0.4030185 US dollars per coin.
Volume Update
In the span of the preceding 7 days, ICON’s daily volume, in terms of its own unit of currency, has fluctuated between 2,734,976 and 21,787,954. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. The past 7 days saw ICON’s trading turnover — meaning the percentage of its available supply that was traded — come in at 2.94%. Its turnover rate is more than approximately 54.64% of the cryptocurrencies in our index, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Technology Development Status
At the moment, ICON has 30 repositories open to the public on GitHub, with the oldest one now being 1.28 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. ICON’s repos that are visible to the public collectively have 391 watchers — that’s more than approximately 43 % of coins in its index. The coin has 42 issues reported across its public repositories. In comparison to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for ICON we see that its issue/watcher ratio looks healthier than 51% of similar coins in our index.
ICON News and Commentary
We found 2 links over the past week about ICON that we thought were especially worth sharing. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Doris Day: Words And Music — 1946 — Barry Gray’s Nightclub
Article by SixJupiter
