Price Action
Over the past week, ICON Project saw its price go down by -4.94%. It is below its 20 day moving average by 4.58%, so it’s slightly away. ICON Project’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Now when considering volatility, ICON Project is more prone to sizable price moves than 13% 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 0.3470828 and $0.4194272.
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 2,669,096 and 26,782,870. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw ICON’s trading turnover — meaning the percentage of its available supply that was traded — come in at 2.92%. Its turnover rate is more than approximately 57.73% 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 1.34 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. ICON’s repos that are visible to the public collectively have 397 watchers — that’s more than approximately 50 % of coins in its index. The coin has 55 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 42% of similar coins in our index.
ICON News and Commentary
Over the past week, we found 3 links about ICON that we found especially interesting. If available, we added an excerpt from the article to help give a taste of what it is about.
Collusion in Delegated Proof of Contributio
ICONSENSUS Resiliency (Part 1: Intro
Article by SixJupiter
