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ICON Price Prediction 2023-2032: Is ICX a Good Investment?

ICON Price Prediction 2023-2032

Despite the continuous developments in blockchain technology, it is still plagued by privacy, scalability, and interoperability challenges. Several mechanisms have been built to address these apparent challenges, and Side Chains are one such method. ICON Bridge is one of the first interoperable solutions offered, and BTP is actively being developed.

How much is ICX worth?

Today’s ICON price is $0.2388, with a 24-hour trading volume of $7.037 million. ICON is down 1.39% in the last 24 hours. The current CoinMarketCap ranking is #130, with a live market cap of $230,009,378. It has a circulating supply of 961,505,029 ICX coins.

ICON price analysis

TL; DR Breakdown:

  • ICON is down 41.51% since it got featured in Coinmarketcap and down 13.74% over the previous 12 months.
  • ICON’s decline accelerated in June following the SEC’s suit against Coinbase and Binance, forcing it to a low of $0.1683.

ICON was trading higher in July, down 98.11% from its all-time high of $12.64 on January 9, 2018. 

ICON price analysis 1-day chart

ICON is down 41.51% since it got featured in Coinmarketcap and down 13.74% over the previous 12 months. ICON’s decline accelerated in June following the SEC’s suit against Coinbase and Binance, forcing it to a low of $0.1683. ICX is trading higher in July from June’s low.

The MACD indicator shows ICON’s price momentum to the upside rose over the last day. The William Alligator trendlines show ICON decline accelerated in June but later recovered, extending the gains into July. The trendlines now diverge, meaning rising price volatility. 

ICON Price Prediction 2023-2032

ICON Price Prediction by Cryptopolitan

ICON Price prediction 2023 - 2032
YearMinimum PriceAverage PriceMaximum Price
2023$0.27$0.27$0.29
2024$0.38$0.39$0.47
2025$0.56$0.58$0.67
2026$0.84$0.87$0.97
2027$1.26$1.31$1.46
2028$1.87$1.94$2.23
2029$2.85$2.93$3.34
2030$4.17$4.29$4.96
2031$5.96$6.18$7.19
2032$8.90$9.15$10.54

ICON Price Prediction 2023

In our 2023 ICON price prediction, we anticipate a minimum trading price of $0.27 and an average value of $0.27 for the token. With several planned upgrades, we expect ICON to experience a surge in value and reach a maximum price of $0.29.

ICON Price Prediction 2024

According to our ICON price prediction for 2024, we expect a minimum price of $0.38 and an average price of $0.39. However, If ICON’s growth trajectory persists, we predict its value could reach as high as $0.47 at its peak.

ICON Price Prediction 2025

According to our ICON price prediction for 2025, the minimum price of ICON will be $0.56, while the average price will be around $0.58. There is potential for significant growth in the value of ICON during this period, with the token possibly reaching a maximum price of $0.67 by the end of 2025.

ICON Price Prediction 2026

According to price prediction for 2026, we expect the minimum price of the coin to be $0.84 and an average predicted value of $0.87. We expect ICON’s price to surge to a maximum price value of $0.97 by 2026.

ICON Price Prediction 2027

Our ICON price prediction for 2027 is a minimum value of $1.26. with an average trading price of $1.31. Based on the ICON cost prediction for 2027, the price could reach a maximum value of $1.46 during the year.

ICON Price Prediction 2028

Based on our ICON price prediction for 2028, the ICON token is anticipated to experience a bullish trend with a predicted floor price of $1.87 and an average trading value of $1.94. The highest possible price for 2028 is estimated to reach $2.23, reflecting a significant increase in the token’s valuation.

ICON Price Prediction 2029

Our ICON price prediction for 2029 suggests that the minimum price level could be $2.85. The ICON token will experience significant growth, with a maximum potential price value of $3.34 and an average projected value of $2.93.

ICON Price Prediction 2030

According to our ICON price prediction for 2030, the cryptocurrency’s value may drop to a low of $4.17 by year-end. However, we expect the average trading price to be $4.29 and the maximum estimated price to reach as high as $4.96.

ICON Price Prediction 2031

Based on our ICON price prediction for 2031, the minimum price of ICON will be approximately $5.96, while the average price will be around $6.18. The maximum estimated value for ICON in 2031 will reach $7.19.

ICON Price Prediction 2032

According to our ICX price forecast for 2032, the ICON coin will rise steadily. However, the minimum price of the coin will be $8.90. The average trading price is estimated at $9.15, indicating steady growth. The maximum estimated price for 2032 is $10.54, showing a potential surge in price.  

ICON Price Predictions by WalletInvestor

Wallet Investor uses technical analysis to forecast various cryptocurrencies like ICON. The platform indicates. ICON’s past performance index rating of A+; adds that ICON would make a bad one-year investment. The expected average price in 2024 will be $0.0241. ICON’s return on investment (ROI) will be -89.87% in 2024. In 2025 the ROI will be -84.65%; in 2026, it will be -88.46%; in 2027, it will be -87.45%. According to the analysis, the ICX price is bearish over the entire period.

ICON Price Predictions by CryptoPredictions

The site scans a coin’s exchange prices and other historical market data and analyses it to provide ICON ICX price prediction. Their ICON price forecast 2024 is $0.319 in January and $0.370 in December.

In 2025, ICON will trade at an average price of $0.373 in January and $0.393 in December. In 2026, ICON will sell at an average price of $0.334 in January and $0.317 in December.

ICON Price Predictions by Digitalcoin Price

ICON will be on a bullish trend from 2023 to 2032; the maximum ICON value for the entire duration will be $4.61. In 2024 it will trade at a mean price of $0.57. It will reach a maximum price of $0.61 and a minimum of $0.51. In 2025, it will trade at a mean price of $0.82. It will reach a maximum price of $0.87 and a minimum of $0.70. In 2032 it will trade at a mean price of $4.57. It will reach a maximum price of $4.61 and a minimum of $4.45.

ICON Predictions By Industry Experts

ICON ICX price prediction by Binance, the world’s largest exchange by trading volume, indicate a bullish price projection; ALGO will average at $0.2498 in 2024, $0.2754 in 2026, and $0.3347 in 2030. In 2050, ALGO will be at $0.8882.

A poll by @nikos5800 collected over 100 views on ICX’s price prediction for July. A majority, 38.1%, predicted ALGO would sell at $0.44.

ICON Overview


ICON Overview

[mcrypto id=”141373″]

ICX Price History

ICX’s initial coin offering (ICO) was held in September 2017, and the sale raised about $43 million, with half of its token supply sold. Post ICO, the earlier data obtained for this analysis from Coinmarketcap shows an opening price of $0.4977 for the coin. The price trended upwards over the following weeks, and the launch of its blockchain at the start of 2018 drove the asset’s price up to its current ATH at $12.64 on 9 January 2018. By May 2018, ICX had bottomed to $2.66 – a price drop of over 79%.

In June 2018, ICX tokens were sent to ICO participants, and as expected, the price of the crypto dipped even further due to massive sale volumes. ICX’s price ended the year at $0.2365, a 91.11% drop in price from May. In 2019, the trading range of ICX was between a minimum price of $0.2365 and a maximum price of $0.5257.

ICX later fell to its all-time low on 3 January 2020 at $0.1069. Investors who bought ICX at the launch of their project, their investment is down 41.53% at press time, assuming they didn’t stake their tokens.

In 2023, ICX registered positive gains in the first quarter but has since traded lower, down about 50% from the year’s high.

Recent News

In a major stride towards achieving seamless interoperability in the blockchain industry, the highly anticipated xCall Incentivized Testnet Program is set to kick off on July 31, 2023. This program invites developers to explore the potential of xCall while actively contributing to its further development and improvement.

The overarching goal of the xCall project is to establish a user-friendly and efficient tool that enables developers to integrate interoperability features into their projects effortlessly. To encourage widespread participation and incentivize quality contributions, the program boasts an impressive prize pool of 845,000 ICX, equivalent to approximately 200,000 USD.

During the initial phase of the Incentivized xCall Testnet Program, participants will focus on rigorous testing and product onboarding, with specific emphasis on the following key areas:

  1. xCall integration with the Blockchain Transmission Protocol (BTP): This program aims to evaluate the cross-chain message transfer layer of xCall by seamlessly integrating it with prominent blockchain networks such as ICON Berlin, Ethereum Sepolia, BSC Testnet, and the HAVAH Testnet. This testing will provide valuable insights into the interoperability capabilities of xCall and its ability to facilitate secure and efficient cross-chain communication.
  1. Products and services between networks: Developers are encouraged to unleash their creativity by developing innovative products and services that leverage the power of xCall across different blockchain networks. This will enable the seamless exchange of assets and data, promoting interoperability and unlocking new possibilities for decentralized applications.

The program encompasses various themes, ensuring comprehensive testing and development:

  • Feature Testing: Participants will engage in targeted testing to push the limits of xCall’s unique features. Through in-depth exploration, developers will identify and address potential vulnerabilities in the interoperability layers, including unconfirmed transactions, desynchronized data, unverified messages, and more.
  • dApps & Templates: This category challenges developers to create alpha-level products and reusable technology components that harness the capabilities of xCall. Areas of interest include token swaps, governance systems, NFT referencing, decentralized identity solutions, and more. By fostering the development of these components, xCall aims to provide a robust foundation for creating diverse decentralized applications.
  • Tooling: Simplifying the overall development workflow is a crucial aspect of xCall. In this category, participants are encouraged to build tools that enhance the ease and efficiency of developing with xCall. By streamlining processes and offering comprehensive development resources, these tools will empower developers to leverage xCall’s capabilities seamlessly.
  • Contributor Content: Participants are invited to create and publish creative content that raises awareness and educates the community about the value and benefits of xCall. Engaging tutorials, informative articles, and captivating visuals will help to highlight the potential of xCall and its impact on the blockchain ecosystem.
  • Wildcard: This open category allows developers to explore unconventional ideas and applications for xCall. It encourages out-of-the-box thinking and enables participants to propose groundbreaking concepts that may shape the future of blockchain interoperability.

Participating in the xCall Incentivized Testnet Program offers more than just monetary rewards. It provides a unique opportunity to forge meaningful connections with ICON’s core developer team and the wider developer community. The program organizers actively seek development teams to build demos and plan roadmaps for xCall-integrated products, fostering a vibrant ecosystem of interoperable dApps.

Following the conclusion of the incentivized testnet program, developers can look forward to ongoing support, resources, and funding opportunities for their xCall-based products. This presents an excellent chance to gain traction and propel projects to new heights.

Interested developers can join the program by visiting the xCall Homepage after the launch on July 31. A dedicated ‘Challenges’ page will allow participants to submit their entries. While multiple challenges can be pursued, participants can only submit one entry per challenge.

The program welcomes developers from all backgrounds, except judges from the ICON Foundation, who are ineligible for rewards. Participants must adhere to the program’s Rules of Engagement or Code of Conduct, ensuring fair and ethical participation.

For guidance and support, the xCall Docs provide comprehensive information about xCall and the ICON ecosystem. Additionally, developers can seek assistance from the vibrant community on the ICON Discord channel.

More on ICON

What is the ICON Network?

ICON is a NexGen blockchain-based framework designed to facilitate the interconnectivity of blockchain networks and the aggregation of data on one layer. Launched in 2017 by the ICON Foundation, the ICON network is “an aggregator chain” that aims to bridge both public & private blockchain networks and initiate interoperability via smart contracts. It is powered by “loopchain,” a high-throughput blockchain engine developed by ICONLOOP. 

The main actors of the ICON Network are Public Representatives (P-Reps) and ICONists. P-Reps are node validators on the network, while ICONists are delegators, stakers, and users. 

Source: ICON Republic

The native currency of the ICON blockchain and its applications is ICX. It offers a variety of use cases, including governance, payment collateral, and Dapp’s interactions. ICX is listed on some of the largest cryptocurrency exchanges; Binance, Kraken, Crypto.com, Upbit, OKEX, Huobi Global, etc. 

Features of the ICON blockchain

  • Decentralization

It leverages a DPoC (Delegated Proof-of-Concept) democratized and decentralized governance protocol that enables ICONists to participate in community governance and receive rewards by delegating their stake to proven network contributors. 

The DPoC ensures that the ICON ecosystem can accurately distribute economic incentives to participants with valuable contributions rather than entities with misaligned interests.

  • Interoperability Technology

The interoperability feature of the ICON blockchain is designed to facilitate the seamless sharing of resources between blockchains of varying consensus protocols.

  • Safety & Speed

The ICON blockchain boasts an extremely fast 1300+ transactions per two (2) seconds, thanks to its breakthrough Loop Fault Tolerance 2.0 (LFT2) consensus algorithm. This algorithm claims to significantly reduce the network’s latency and improve its overall performance by reducing power requirements and the message exchanges required to validate one transaction block from “3 steps to 2 steps” with key fundamental features uncompromised. Compared to the existing 3-step PBFT consensus, LFT2 offers improvement in scalability and bandwidth.

Source: PR Newswire

  • Acceleration: Partners and startups on the ICON blockchain are granted access to an extensive accelerated network powered by ICX stations in Tokyo, Seoul, and San Francisco.

Conclusion

ICON has a very bright future, as it is one of the most promising projects in the industry. While ICON Network has established itself by working with various organizations and public authorities, several blockchain networks provide comparable prospects. While it appears to be one of the more popular ones today, there is still room for other systems to emerge and surpass it.

There are numerous DEXs available, but because they’re generally not built with the crypto novices in mind, uptake is easily limited to individuals with prior knowledge of cryptocurrency and, perhaps, an interest in one of the networks emerging from the network.

The price of ICON is affected by different factors such as market movements, demand, supply, etc. ICX forecasts are rather contradictory, as seen above. But we predict that the coin will do more following the latest release of the ICON Bridge, which will aid complex transfers and help connect other blockchains seamlessly. In addition to this, future partnerships will also affect its price positively.

Even though we predict that ICON will do well in the future, we advise you to invest carefully. Do your own research before you invest in this coin. If you have decided to invest, do so with the money you can afford to lose.

FAQs

Where can I buy ICX?

ICX is already listed on several exchanges; these include Binance, Bithumb, Gate.io, Huobi global, CoinEx, OKX, WazirX. Pairs traded include ICX/USDT, ICX/BUSD, ICX/BTC, and ICX/ETH.

Which wallets can store ICX?

Wallets that can store ICX include ICONex, the official ICX wallet, Hana, a chrome extension built by Reliant node, Ledger wallet, Atomic wallet, math wallet, and my ICon wallet.

How is the ICON ecosystem secured?

The ICX ecosystem is secured by a Byzantine fault tolerance delegated proof-of-stake consensus mechanism. Validators referred to as P Reps secure the system by delegating their  ICX into the ICON ecosystem as insurance, and in return, they earn staking rewards. Icons can stake their ICX by delegating them to P reps. 100 Preps are tasked with securing the blockchain and governing the ICX ecosystem.

Will ICX hit the $10 mark?

ICON will reach the $10 mark. It's only a matter of time. Many scheduled updates for 2023 will see the ICON ecosystem run smoothly. It is also likely to attract more investors soon. The price of ICX might approach its $10 target by 2032.

What will the ICX price be in 2026?

With an average trading price of $0.87 throughout 2026, ICON's value could reach $0.97at its highest. We expect the minimum price to be trading around $0.84.

What is the ICON Bridge?

ICON Bridge is an early iteration of ICON’s cutting-edge interoperability product, BTP, which allows cross-chain transfers and integration with any blockchain that supports smart contracts. What is the CPS? ICON’s Contribution Proposal System (CPS) is a decentralized grant program operated by validators on the ICON network. https://icon.community/learn/icon-bridge/

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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