Price Action
In the week prior, the price for ICON Project went down by -2.78%. It is below its 20 day moving average by 3.35%, so it’s slightly away. ICON Project’s bullish momentum, determined by 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 27% 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 0.3440676 and $0.4217924 US dollars per coin.
Volume Update
Over the past week, ICON saw its daily volume range between 2,454,099 and 23,583,321 units of its own currency. Over the past three weeks, the trend in volume does not have a clear direction, while the price trend is clearly down. ICON experienced a turnover rate of about 3.19% 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 60.2% of the coins we’re tracking, so 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 1.36 years young. Its last public update to any of its 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 58 % of coins in its index. The coin has 50 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 43% 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.
Interview with Maddie Touma: Activist, Graduate, a
ICONSENSUS Resiliency (Part 2: Sys Ops Security) – iconcm
Icon Reflection – Yenny Castro
Article by SixJupiter
