Price Action
Since last week, ICON Project’s price went down by -15%. It is below its 20 day moving average by 10.04%, so it’s fairly close. ICON Project’s bullish momentum, if assessed by 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 32% 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 $0.2706742 and $0.3720658.
Volume Update
Over the past week, ICON saw its daily volume range between 4,976,944 and 51,017,679 units of its own currency. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. ICON experienced a turnover rate of about 3.91% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 68.63% of the cryptocurrencies we monitor, which means it’s above average and thus will have enough liquidity for many investors/traders.
Technology Development Status
At the moment, ICON has 30 repositories open to the public on GitHub, with the oldest one now being 1.43 years young. The last recorded update to its public repositories was within the past week which is not bad, as the coin is still being updated routinely. ICON’s public repositories collectively have a total of 399 watchers, which is about average compared to other similar coins; that’s more than approximately 54 % of coins in its index. The coin has 42 issues reported across its public repositories. 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 50% 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 available, we added an excerpt from the article to help give a taste of what it is about.
VELIC: A digital exchange built on ICON – Russell Shirey (thelionshire) — Ubik Capital
ĐApp overview : Certiv – Sharpn
Excerpt:
The profiles of each student will be certified through the ICON Blockchain.
Article by SixJupiter
