ICON Project Profile

ICX -  USA Crypto  

USD 0.39  0.04  11.43%

Market Performance
0 of 100
Odds Of Distress
Over 97
ICON Project is trading at 0.39 as of the 17th of May 2022, a 11.43% increase since the beginning of the trading day. ICON Project has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Cryptocurrency ratings for ICON Project are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of May 2021 and ending today, the 17th of May 2022. Click here to learn more.
ICON Project is peer-to-peer digital currency powered by the Blockchain technology. ICON Foundation is leading ICON project, one of the largest blockchain networks in the world, launched in 2017 with the vision of Hyperconnect the World.ICON Network is a loopchain-based public blockchain, a general purpose turing complete smart-contract protocol using LFT consensus algorithm based on loopchain, a high-performance blockchain engineFrom the start, ICON has focused on interoperability. More on ICON Project
ICON Project is a market place for P2P digital cash denominated as Cryptocurrency. ICON Project has been active in the last 3 months, and it is today expressing a bullish sentiment. Cryptocurrencies such as ICON Project are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as ICON Project are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

ICON Project Crypto Coin Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. ICON Project's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ICON Project or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ICON Project generated a negative expected return over the last 90 days
ICON Project has high historical volatility and very poor performance
ICON Project has some characteristics of a very speculative cryptocurrency
Exchanges
ABCC Binance CoinEx CoinTiger EXX HitBTC Kraken ZB Zecoex Bithumb Coinone FCoin IDEX LBank P2PB2B
AlgorithmLoopchain
Coin TypeICON Project
Proof TypePoS
TechnologyBlockchain
Total Coins Mined930.54 Million
Maximum Supply(1.0)
Launch Date2017-10-24
Websitehttps://www.icon.foundation/en/
ICON Project (ICX) is traded on CRYPTO Exchange. ICON Project is peer-to-peer digital currency powered by the Blockchain technology. ICON Foundation is leading ICON project, one of the largest blockchain networks in the world, launched in 2017 with the vision of ‘Hyperconnect the World’.ICON Network is a loopchain-based public blockchain, a general purpose turing complete smart-contract protocol using LFT (enhanced PBFT algorithm) consensus algorithm based on loopchain, a high-performance blockchain engineFrom the start, ICON has focused on interoperability. To do this, ICON will connect independent blockchains with different governances, allowing them to transact in real time via BTP technologyICON supports not only private blockchain projects cooperating with various companies, but also DApp developments in public blockchain sector through strategic partnerships to expand ICON’s blockchain ecosystem.Telegram | Facebook | LinkedIn

ICON Project Target Price Odds Analysis

What are ICON Project's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of ICON Project jumping above the current price in 90 days from now is close to 99%. The ICON Project probability density function shows the probability of ICON Project crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the crypto coin has a beta coefficient of 1.7228. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ICON Project will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. ICON Project is significantly underperforming DOW.
  Odds Below 0.39HorizonTargetOdds Above 0.39
0.98%90 days
 0.39 
99.02%
Based on a normal probability distribution, the odds of ICON Project to move above the current price in 90 days from now is close to 99 (This ICON Project probability density function shows the probability of ICON Project Crypto Coin to fall within a particular range of prices over 90 days) .
ICON Project is peer-to-peer digital currency powered by the Blockchain technology. ICON Foundation is leading ICON project, one of the largest blockchain networks in the world, launched in 2017 with the vision of Hyperconnect the World.ICON Network is a loopchain-based public blockchain, a general purpose turing complete smart-contract protocol using LFT consensus algorithm based on loopchain, a high-performance blockchain engineFrom the start, ICON has focused on interoperability. To do this, ICON will connect independent blockchains with different governances, allowing them to transact in real time via BTP technologyICON supports not only private blockchain projects cooperating with various companies, but also DApp developments in public blockchain sector through strategic partnerships to expand ICONs blockchain ecosystem.Telegram Facebook LinkedIn

ICON Project Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. ICON Project market risk premium is the additional return an investor will receive from holding ICON Project long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ICON Project. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ICON Project's alpha and beta are two of the key measurements used to evaluate ICON Project's performance over the market, the standard measures of volatility play an important role as well.

ICON Project Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. ICON Project Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe ICON Project price patterns.
.

ICON Project Against Markets

Picking the right benchmark for ICON Project crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ICON Project crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ICON Project is critical whether you are bullish or bearish towards ICON Project at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in ICON Project without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Options Analysis Now

   

Options Analysis

Analyze and evaluate options and option chains as a potential hedge for your portfolios
All  Next Launch Module

How to invest in ICON Project

You need to understand the risk of getting into digital currencies such as ICX before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in ICON Project in four ways:

Buy ICX through an exchange

Get yourself a crypto wallet before embarking on your ICON Project journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase ICON Project. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of ICON Project through an exchange

You don't have to buy a full token when starting out since ICX is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade ICON Project through a broker

If you don't want to store your ICON Project Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in ICX through an exchange-traded fund (ETF)

You can also invest in ICX through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having ICON Project in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Please see Risk vs Return Analysis. Note that the ICON Project information on this page should be used as a complementary analysis to other ICON Project's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Other Tools for ICON Project Crypto Coin

When running ICON Project price analysis, check to measure ICON Project's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICON Project is operating at the current time. Most of ICON Project's value examination focuses on studying past and present price action to predict the probability of ICON Project's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ICON Project's price. Additionally, you may evaluate how the addition of ICON Project to your portfolios can decrease your overall portfolio volatility.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go