Although blockchain technology has advanced tremendously to implement cryptocurrencies, problems with privacy, scalability, and interoperability remain. Different projects have been launched to develop solutions to the above issues. ICON is a project that aims at facilitating interoperability by providing a bridge between different blockchains and enterprises.
While the ICON network has developed at a fast pace, its native cryptocurrency, ICX, has been slower. After having a massive price hike during the crypto run of 2017-2018, the ICX price has been increasing modestly. So, what is the future for the ICON network and its native digital asset? Will ICX gain value more rapidly as the ICON solutions are widely adopted? Please find the answers in this ICX price prediction for the following years.
What Is the ICON (ICX) Coin?
As said, ICX is the native cryptocurrency of the ICON network. ICON aims at becoming the blockchain of all blockchains. For this sake, ICON has been developing a multichain bridging solution emphasizing scalability and security. The ICON solution is chain-agnostic, meaning it connects different blockchains using its proprietary Blockchain Transmission Protocol (BTP). In this way, cross-chain coin swaps and smart contracts are enabled.
The ICON ecosystem comprises several blockchains, including Binance Smart Chain (BSC), Ethereum, Polkadot, Harmony, Moonriver, Near, and others. It also supports various decentralized applications (DApps), decentralized finance (DeFi) protocols, non-fungible token (NFT) platforms, games, and more.
Icon(ICX) Fundamental Analysis
History of the ICON Coin
The South Korean DAYLI Financial Group created ICON in 2017 when an initial coin offering (ICO) for the project raised $43 million. Officially, ICON was launched in 2018. However, in September 2020, an entirely new project named ICON 2.0 was introduced. The full version of ICON 2.0 appeared in November 2021.
Initially, ICON focused on the integration of enterprise blockchains. However, the anticipated mass adoption did not occur. Therefore, the project shifted toward integrating public blockchains, particularly retail-oriented, for which it developed interoperability between different chains. ICON 2.0 is programmed in Go, whereas the initial ICON version was programmed in Python. Moreover, ICON 2.0 is entirely open-source.
ICON’s native cryptocurrency, ICX, was launched in 2017. Holders can stake their ICX coins on multiple platforms to earn rewards between 10% and 12%. As for the ICX price, it has been low for several years. This cryptocurrency reached its all-time high price on January 9, 2018, trading at $12.64 per coin. Unfortunately, ICX could not remain at that price level. This digital coin ended 2018 at $0.2448.
The ICX price did not cross the $1 mark again until 2021. It reached $3.1198 on March 30, 2021, the best value in that year. This cryptocurrency began 2022 trading at $1.2613. The ICX price fell in the following months. This price drop could result from a growing market cap nearing $760 million. Yet, ICON has not delivered much since its launch several years ago. Luckily, ICON 2.0 has more possibility to effectively compete in the interoperability niche, which could contribute to the appreciation of its native cryptocurrency.
ICON (ICX) Price for Today
As of April 21, 2022, ICX ranked as the #99 most valuable cryptocurrency by market capitalization, according to CoinMarketCap. Each ICX coin traded at around $0.83.
ICON (ICX) Price Prediction for the Next 5 Years
After reviewing the history of ICON, we will discuss the projections for the ICX cryptocurrency. The following ICX coin price prediction is based on several analyses by reliable crypto experts.
ICON (ICX) Price Prediction 2024
Experts with Price Prediction expect ICX to reach $2.24 in 2024. This projection is in line with the forecast by Cryptopolitan, predicting an average ICX price of $2.158 throughout 2024, with the possibility of reaching a maximum of $2.687. For its part, Trading Beasts offers a more conservative prediction, with an ICX price fluctuating between $1.02 and $1.35 in 2024.
ICON (ICX) Price Prediction 2025
Analysts with Trading Beasts think the ICX price will fluctuate between $1.3806 and $1.621 in 2025. CryptoNewsZ forecasts a maximum ICX price of $1.69 in 2025. Cryptopolitan presents a more optimistic scenario, with ICX trading at no less than $3.454 in 2025, potentially reaching $3.901.
ICON (ICX) Price Prediction 2026
CryptoNewsZ predicts a maximum ICX price of $1.52 in 2026. Cryptopolitan’s forecast for the same year is significantly more optimistic, with a maximum ICX price of $4.978. According to this forecast, ICX will sell at $4.847 on average.
ICON (ICX) Price Prediction 2027
There are not many ICON predictions for such a long term. The crypto market is highly volatile, making it complicated to predict the behavior of a specific digital coin five years from now. However, experts with Cryptopolitan think the average ICX price in 2027 will be $6.985, possibly reaching a maximum of $7.028.
Summary
The average ICX price per year can be summarized as follows:
FAQ
Is ICX a Good Investment?
According to most ICON predictions, the ICX price will increase in the future, making it a good long-term investment. ICON 2.0 opens the possibility for a faster ICX appreciation. However, always remember that cryptocurrencies are highly volatile assets. Hence, you should invest in ICX cautiously. You can buy this digital coin on LetsExchange.io. You can swap more than 4,000 cryptocurrencies on our platform without registration.
Will ICON Crash?
After redefining the project, it is unlikely ICON will crash in the future.
Will ICON (ICX) Reach 1$?
Yes, it will. Some experts think it will happen this year.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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