ICON (ICX) was founded in 2017 with an ICO that successfully raised USD 43 million. ICX is designed to be a key cryptocurrency platform for enterprise and business use cases and aims to provide easy payment settlement, currency exchange, e-commerce transactions, and more.
The coin has since then seen both major setbacks and successes. After the launch of its mainnet, the price of ICX grew to $12.64 on 9 January 2018 – it’s all-time high (ATH). After this, the asset fell dramatically to $2.66 – a drop of over 79%.
ICX started the year 2020 at a value of $0.1133 and ended the year trading at $0.4647. The price rose from the start of January to the beginning of February, dipped for a few days, regained momentum in March and April, and moved upward until reaching its day high on 24 August.
By February 2021, ICX had begun trading above $1 again for the first time since August 2018. Its highest price within this period was $2.71.
As of 9:00 AM ET on September 12th, 2022, ICON (ICX) had traded up 1.6% against the dollar. ICON coins can currently be purchased on major exchanges for about $0.30 or 0.00001321 BTC. ICON’s price has risen 7.8% against the dollar over the past seven days. During the last 24 hours, approximately $10.47 million worth of ICON was traded on exchanges. ICON has a market cap of $271.40 million.
About ICON
The Loop chain hashing algorithm is used by ICX, an LFT coin. In 2017, September 19th was the date of its genesis. In total, 926,210,351 ICON coins have been produced, with 919,483,096 coins in circulation. The official website of ICON is www.icon.foundation. ICON’s Github account and Reddit community can be found at /r/helloicon. The official Twitter account of ICON is @helloiconworld, and its Facebook page can be found here.
CryptoCompare reports that the ICON Foundation is leading the ICON blockchain project, one of the largest in the world. The project was launched in 2017 with the vision of connecting the world through a Hyper connect system. In its early development, ICON Network was designed as a loop chain-based public blockchain and a general-purpose full smart-contract protocol using PBFT and LFT. From the start, ICON was focused on interoperability.
In order to accomplish this, ICON will connect independent blockchains with a variety of governance systems with BTP technology, enabling them to transact in real time. In addition to supporting private blockchain projects with a wide range of companies, ICON also provides support for DApp development in public blockchains by partnering with strategic companies.
ICON (ICX) Cryptocurrency: Buy and Sell
A cryptocurrency such as ICON cannot usually be purchased directly with US dollars. Gemini, Changelly, or Coinbase are all US dollar-based exchanges where investors can buy Bitcoin or Ethereum before trading ICON. By using one of the exchanges mentioned above, investors can purchase ICON with their newly-acquired Bitcoin or Ethereum.
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