ICON ProjectICON Project ICX news

Using its loopchain technology, ICON connects independent blockchains without third parties. ICX is the cryptocurrency on this blockchain
Price, 24h
0.3982 USD / 0.00004554
1.27% / 3.64%
Volume, 24h
11,159,137 USD
181,793,610 / 0.07%
Chart price/vol/NIS 7d
Asset details

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ICON Price Analysis ICX / USD: Sisyphean Task

ICON has a bearish short-term bias, with the cryptocurrency weakening below its key moving averages The four-hour time frame shows that the ICX / USD pair is creating bearish lower lows and lower highs The daily time frame shows that the ICX / USD pair has performed a bearish breakout from a sideways price channel Fundamental Analysis ICON has gained weak bullish momentum after the project announced that its planning to give away 3 million ICX tokens to encourage community to participate in the full node election. ICON is about to launch the first stage of its ICONSENSUS program, where its participants will vote on-chain in the election of full nodes. Pre-voting will commence on August 26. ICON / USD Short-term price analysis ICON has a bearish short-term bias, with the ICX / USD pair now trading below its 50-period and 200-period moving averages on the four-hour time frame. The four-hour time frame shows that the recent bearish short-term dynamic remains in play, with the ICX / USD pair creating lower lows and lower highs. Technical indicators on the four-hour time frame are attempting to turn bullish, although the signal remains weak.   ICX / USD H4 Chart by TradingView   Pattern Watch Trading should note that the bearish range break on the daily time frame is weighing on the short-term technicals. Relative Strength Index The RSI indicator is attempting to turn bullish on the four-hour time frame, although momentum is weak. MACD Indicator The MACD indicator on the four-hour time frame is bullish and continues to issue a buy signal. ICON / USD Medium-term price analysis ICON has a bearish medium-term outlook, with the 50-day moving average crossing below the 200-day moving average. The daily time frame is showing that a huge technical breakout has occurred, with ICX / USD pair moving below a sideways price channel that has been in place since March 2019. Technical indicators on the daily time frame are bearish and are currently extremely oversold.   ICX / USD Daily Chart by TradingView   Pattern Watch Traders should watch for a potential double-bottom formation if the ICX / USD pair fails to break below the February 2019 trading low. Relative Strength Index The RSI indicator on the daily time frame is bearish and is also extremely oversold. MACD Indicator The MACD indicator remains bearish on the daily time frame, although it is currently extremely oversold. Conclusion ICON shows few signs of staging a recovery on the four-hour time frame as the ICX / USD pair continues to post bearish lower lows and lower highs. The breakout from the sideways channel on the daily time frame has prompted heavy technical selling, placing the current emphasis towards the February 2019 trading low.   As always, check out our coin guide for ICON, if you are looking for a brief overview.   ICON ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=ICX&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24526 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24526 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24526 a.tabperiods.tabperiods_active, #ccpw-ticker-24526 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24526 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24526 .coin-container:after, .ccpw-container_four #ccpw-ticker-24526 .coin-container:after {border-color:#ccc !Important;}   The post ICON Price Analysis ICX / USD: Sisyphean Task appeared first on Crypto Briefing.

ICON to give away 3 million ICX tokens as part of upcoming node holder elections

The ICON Foundation has announced it will be giving away 3 million ICX tokens to participants in its upcoming election. The election will determine which parties will serve as node holders, known as Public Representatives (P-Reps) on the ICON network. The giveaway tokens will be distributed during a 30-day pre-voting period, set to open on August 26. The pre-voting period and the giveaway are part of the project’s ongoing journey towards decentralization, which it calls ICONSENSUS. The 3 million tokens will be distributed as a reward to those ICX holders who participate in pre-voting. The Foundation is providing these tokens from its own supply, thereby dispersing voting influence across the network prior to the full election launch. The pre-voting period is also designed to balance out votes between the various candidates vying to become a P-Rep. The ICON Foundation is encouraging its community to spread individual votes between multiple P-Reps as a means of avoiding the centralization of power among a few node holders.  This move aims to overcome the challenges faced by blockchains, such as EOS. A large number of EOS tokens are held by a small number of exchanges and whales, which have been found to engage in collusion and mutual voting. ICON is flagging the P-Rep elections as the first step for it to achieve full decentralization. Voter Participation The pre-voting period will run from August 26 to September 24. During that time, anyone holding ICX tokens in an ICONex wallet can stake their tokens and vote for their chosen P-Reps. This will earn the right to participate in the 3 million token giveaway. To help voters decide on their chosen P-Reps, the project has set up a dedicated webpage for the ICONSENSUS process. This includes a full list of the P-Rep candidates together with details about their application. There is also a step-by-step guide to staking and voting. Users can expect to see the wallet interface updated with the voting feature soon. The P-Rep elections are a significant milestone for ICON, which has been making headway on its roadmap over recent months. Last month, the project rolled out a new transaction fee system designed to increase adoption by overcoming the need for dApp users to hold cryptocurrencies. Shortly afterward, it has released updates to its incentives yellow paper. Now, it will be intriguing to see if the project’s efforts with these pre-voting initiatives are sufficient to overcome the centralization issues that have plagued EOS. Given ICON’s stated commitment to becoming fully decentralized, the pre-voting incentives are a clear demonstration of its intent to live up to the challenge. The post ICON to give away 3 million ICX tokens as part of upcoming node holder elections appeared first on CryptoSlate.

ICON announces 3 million ICX giveaway for public representative elections

ICON announces 3 million ICX giveaway for public representative elections » CryptoNinjas ICON Foundation, overseer of the ICON blockchain network project, today announced that it will be incentivizing community members to prepare for participation in the upcoming Public Representative (P-Rep) elections with a giveaway of 3 million ICX tokens. The giveaway will take place during the pre-voting period, which will run for 30 days from August 26th […] ICON announces 3 million ICX giveaway for public representative elections » CryptoNinjas

Poll: Majority Of Respondents Would Rather Buy ICON (ICX) Than Ethereum For Long Term Investment

The 2018 bear market has ravaged Bitcoin and altcoins alike. While Bitcoin has made significant recovery from its 2018 low of $3,200, most altcoins are still battling to find their footing. A Twitter poll involving 4 altcoins shows that users are more willing to buy ICX than other three alts including Ethereum. The poll had 1,842 respondents answer the question “if you have to choose ONLY one alt for the long term, with the highest chance to get back the ATH.” Out of the number, 49% indicated optimism that ICX is most likely to get back to its all-time high while the remaining 3 had 51% of the votes to share.  Not very surprisingly, ETH had the second-highest vote of 31% who would go for it in the hope of getting back to its all-time high and making some profits from it. The next was NEO with 14% of the votes while Ontology (ONT) came last with 6% of the votes, with the least chance of ever seeing its all-time high price again. The poll also gave room for those whose favorite coins were not listed to mention them in their comments. Guess what? ICX was still mentioned roughly 99% of the time, which raises the question of why ICX? Well, ICX is the native token of one of the largest blockchain projects in the world, ICON. It’s working towards bringing blockchain application to the real world in all areas including banking, healthcare, and education. It also provides scalability for both public and private blockchains as well as enabling interoperability between chains. There are several other projects with similar goals but ICX seems to have found a place in the hearts of crypto users worldwide. Its price performance is still subpar as it has lost over 8% in the last 24 hours, ICX supporters, however, believe it’s soon going to reach its all-time high once again. Some experts question the possibility of another alt season but with this level of support, who knows what may happen in the future? The post Poll: Majority Of Respondents Would Rather Buy ICON (ICX) Than Ethereum For Long Term Investment appeared first on ZyCrypto.
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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.

Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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