Price Action
In the week prior, the price for ICON Project went up by 4.61%. It is above its 20 day moving average by 5.41%, so it’s slightly away. ICON Project’s bullish momentum, based on 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 10% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect ICON Project to experience a price range in US dollars between 0.3604975 and $0.4225425.
Volume Update
In the week prior, the daily volume for ICON has ranged between 6,650,482 and 49,523,108 currency units. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. Over the past week, ICON saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 4.73%. This turnover rate is higher than approximately 63.16% of the cryptocurrencies we monitor, which means it’s above average and thus will have enough liquidity for many investors/traders.
Technology Development Status
ICON currently has 30 public repos on GitHub, with the oldest one clocking in at 1.32 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. ICON’s public repos now have 395 which is about average compared to other similar coins; that’s more than approximately 50 % of coins in its index. The coin has 48 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 45% of similar coins in our index.
ICON News and Commentary
The top 2 themes being discussed about ICON in the past week are listed below. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Why I Love Visual Language – Shourov Bhattacharya
ICONLOOP launches ‘broof,’ a blockchain-based certificate issuance
Article by SixJupiter
