Price Action
In the week prior, the price for ICON Project went down by -3.5%. It is below its 20 day moving average by 7.01%, 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. In terms of volatility, ICON Project exhibits greater price volatility than approximately 34% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for ICON Project in US dollars is expected to be between $0.3306166 and $0.4350334.
Volume Update
Over the past week, ICON saw its daily volume range between 4,995,888 and 36,868,737 units of its own currency. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw ICON’s trading turnover — meaning the percentage of its available supply that was traded — come in at 3.34%. This turnover rate is higher than approximately 63.92% 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 29 public repositories on GitHub, with the oldest one now 1.21 years young. Its last public update to any of its 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 public repos now have 403 which is about average compared to other similar coins; that’s more than approximately 44 % of coins in its index. The coin has 47 outstanding issues in the backlog awaiting to be addressed by the core development team. Its number of watchers, when viewed against 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 47% 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. Where available, we included a snippet of the article that we thought might be interesting.
Icons are a shortcut, a shuttle that reduces cognitive load and allows understan
Snippet:
Among communicated messages the icons were indicating some behavior: don’t smoke, don’t drink, take the trash out, pick up after your dog, recycle, use keycard to unlock bike….For my icons hunt I found most around public spaces such as parks, bike parking, roads.
What makes a design iconic? – Ian Batterbee
ICON cooperates with VELIC as a listing partner for ICX
Article by SixJupiter
