Price Action
Over the past week, ICON Project saw its price go up by 4.12%. It is below its 20 day moving average by 0.99%, which is quite close. 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. Regarding volatility, ICON Project is more volatile than roughly 30% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect ICON Project to experience a price range in US dollars between 0.2511765 and $0.3568235.
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 1,671,864 and 16,923,370. 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 1.81% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 60% of the coins we’re tracking, so 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 1.45 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 repos now have 399 which is about average compared to other similar coins; that’s more than approximately 54 % of coins in its index. The coin has 41 total outstanding issues across all 30 of its public repositories on GitHub. 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 52% of similar coins in our index.
ICON News and Commentary
The top 3 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.
The Art of P-Rep Selection – Russell Shirey (thelionshire) — Ubik Capital
Remembering The 90’s – Annie Corr
The Language of Icons – Kristina Wang
Article by SixJupiter
