Price Action
In the week prior, the price for ICON Project went up by 17.74%. It is above its 20 day moving average by 13.4%, so it’s a bit of a ways off. ICON Project’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, ICON Project is more prone to sizable price moves than 32% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. If volatility over the past three weeks is any indication of what’s to come, we can expect ICON Project to bounce between 0.2834573 and $0.3660827 US dollars per coin.
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 3,591,801 and 30,682,931. 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 3.02% 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 61.76% 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 1.41 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 394 which is about average compared to other similar coins; that’s more than approximately 54 % of coins in its index. The coin has 39 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 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.
July 2, 2004 — The Death Of Marlon Brando — A Positive
Snippet:
And that’s a little of what went on, this July 2, 2004 as reported by CBS Radio News and BBC Radio 4….In addition to this newscast from CBS Radio, a newscast from BBC Radio 4 gives some idea of the international influence the actor had.
Fa?ade (Games, #2) full_acces – Sisyo
Snippet:
And for the first time in his life, Adrian feels he can begin to open up about his past.Together, Adrian and Delaney share a passionate love they never expected to find….Only Delaney seems to see through his fa?ade to the real man underneath.
ICON Network Public Representative (“P-Rep”) Go
Article by SixJupiter
