Price Action
In the week prior, the price for ICON Project went down by -1.31%. It is below its 20 day moving average by 8.95%, so it’s somewhat away. ICON Project’s bullish momentum, based on 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. In terms of volatility, ICON Project exhibits greater price volatility than approximately 31% 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 0.313545 and $0.396145 US dollars per coin.
Volume Update
In the week prior, the daily volume for ICON has ranged between 2,219,984 and 11,335,500 currency units. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw ICON’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.68%. Its turnover rate is more than approximately 58.33% of the cryptocurrencies in our index, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Technology Development Status
ICON currently has 30 public repositories on GitHub, with the oldest one now 1.24 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 387 watchers, which is below average relative to its peers; that’s more than only 39 % of the 100 similar coins in our index. The coin has 45 issues reported across its public repositories. Relative 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 48% of similar coins in our index.
ICON News and Commentary
We found 2 links over the past week about ICON that we thought were especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.
Of Icons and of Mankind – Jonathan Lindstrom
Snippet:
Of course icons are nothing new….Let’s take a look at some icons that I found while walking through the local mall.
Some smiles for some people – Alex Kornilov
Article by SixJupiter
