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Technical analysis predicts that a price will increase or decrease with the analysis of past price trends. It is totally useful for traders. Forecasts of cryptocurrency prices should be treated with caution. It is quite difficult to examine such a new technological innovation.
ICX Coin is the original cryptocurrency of the ICON network. It is similar to Ether for the Ethereum network. In the ICON cryptocurrency network, the functions must be paid for the use of the ICX currency. The ICON network has been under development for 2 years. It was created by Dayli Financial Group. Dayli Financial Group is a Korean company specializing in innovation and financial technology. Coinone exchangers are familiar with the name of the company. The company owns the Korean platform that allows users to buy and sell various cryptocurrencies.
"Hyperconnect the world" is the idea behind the ICON network. The Dayli financial group is trying to build the largest decentralized network the planet has ever known. They also try to create a platform to allow users to interact between different blockchains. With complex smart contracts this interaction will be made.
The interconnected network is called the "ICON Republic" by the developers. They hope that ICON is a network that allows interaction between many different areas of modern life such as security, education, and finance in the future.
At the base of the "ICON Republic" is Nexus. This blockchain links all the different smaller blockchains that make up the Republic itself. These smaller blockchains are known as the ICON Community. Each of these individual blockchains will have their own rules. Normal users can connect to the ICON network via Citizen Node. In fact, the market decides the value of each currency. If many people buy it, its price will increase. If few people buy, it will not be worth much.
There are many reasons why a cryptocurrency project could fail. The main ones are:
competition
What happens if another platform or currency does the same thing that the project in question is doing and does it better?
Regulations
What happens if another platform or currency does the same thing that the project in question is doing and does it better?
Technological
What happens if another platform or currency does the same thing that the project in question is doing and does it better?
Fraud
What happens if another platform or currency does the same thing that the project in question is doing and does it better?
CoinLiker is a website that has published the most optimistic ICX pricing forecast. We probably can not see more positive ideas for the next 12 months.
He says that ICX will have a huge price escalation. The 1 year forecast is over $ 80! Unfortunately, there is no acceptable evidence regarding the prediction of ICX prices. But, Coinliker insistently uses a "custom prediction algorithm" and "found that ICX is a fantastic investment".
The TradingBeasts website reported its forecast.
As you can see, TradingBeasts also expects the price increase of ICX.
However, ICON may not be integrated properly as it is verified. ICON could be beaten by a more efficient system. Furthermore, there are obstacles to avoiding the broad adoption of ICON. Also regulatory issues and technological problems are subject.
It is very difficult to decide whether ICON is a good investment or not at this early stage of its development. ICON may not even exist at the end of 2018. On the other hand, it could be worth many times even if it is expected.
Remember to read all the price forecasts carefully and always do a lot of research for yourself!
