Price Action
In the week prior, the price for ICON Project went up by 4.01%. It is above its 20 day moving average by 5.98%, 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 39% 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 $0.3028179 and $0.4273421.
Volume Update
Over the past week, ICON saw its daily volume range between 2,356,099 and 30,312,260 units of its own currency. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. Over the past week, ICON saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 3.57%. Its turnover rate is more than approximately 64.65% of the cryptocurrencies in our index, so it’s above average and thus will have enough liquidity for many investors/traders.
Technology Development Status
ICON currently has 30 public repositories on GitHub, with the oldest one now 1.3 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 repos that are visible to the public collectively have 392 watchers — that’s more than approximately 41 % of coins in its index. The coin has 41 total outstanding issues across all 30 of its public repositories on GitHub. In comparison to the number of watchers it has, though, 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 49% of similar coins in our index.
ICON News and Commentary
Over the past week, we found 2 links about ICON that we found especially interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
ICON: P-Reps authority limit, Partnership with MixMarvel and P-Rep candidates Intro Video
Repairing a damaged icon – Michael Goltz
Excerpt:
He asked if I still had this particular icon and when I explained to him what happened to the icon he suggested that it might be time to actually donate the icon to FOCUS/St. Moses the Black Parish….There was also the icon of St. John the Dwarf which I did not have to repair, however I had to make a major change to the icon….I have repaired icons before, but never like this….When I first painted the icon, it was suggested to me that I think about donating the icon to either the Brotherhood of St. Moses the Black or to FOCUS (Fellowship of Orthodox Christians United to Serve)/St. Moses the Black parish in Pittsburgh….Sarah is a very accomplished artist and when I told her what I needed to do to the damaged icon she told me that he had had to do the same thing with damaged paintings before and to bring the icon by her studio for her to help me get the icon back on it’s new stretcher bars….What made the painting of the icon take even longer was Fr. George asked me to paint each saint separately, instead of painting all of the colors at once.
Article by SixJupiter
