ICXUSD
ICX short tern and mid term Targets
ICON is a blockchain-based platform that aims to connect various blockchain networks and create a decentralized network of networks. Its native token, ICX, is used to facilitate transactions on the ICON network, as well as for voting rights and governance.
Here are some key aspects to consider when analyzing the fundamental value of ICX:
Adoption and Use Cases: ICON has seen increasing adoption and use cases, with partnerships with major Korean corporations, including Samsung, LINE, and SK Telecom. It has also been chosen as the platform for a government-backed blockchain project called MyID, which aims to create a decentralized digital identity system.
Development and Community: The ICON team has been actively developing the platform and expanding its ecosystem, with a focus on improving scalability and interoperability. The community around ICON is also active and engaged, with a strong presence on social media platforms and developer communities.
Market Cap and Trading Volume: As of September 2021, ICX had a market capitalization of around $1.4 billion and a daily trading volume of around $70 million. These figures indicate a relatively liquid and active market for ICX.
Tokenomics: ICX has a total supply of 800 million tokens, with around 571 million currently in circulation. The token has a staking mechanism, where users can earn rewards for holding and staking ICX tokens.
Overall, ICON and its native token ICX have shown promising growth and adoption in the blockchain ecosystem, with a focus on improving interoperability and scalability. However, as with any cryptocurrency investment, it is important to do your own research and understand the risks involved.
Lets see how Time and Price action unfolds directions,
Always DYOR ✔️
Trade well my friends,
Stay #SAFU, and let that sink in 😉