The excitement hovering over Bitcoin (BTC) surfaced with the speculation that institutional investors such as Goldman Sachs and Blackrock showing their interest in digital currencies and blockchain technology.
With the current flow of things, in the next five to ten years, individuals and institutions that invest digital currency now will be singing sweet songs and telling beautiful stories of how they invested in several digital currencies available in the market today.
One of such cryptos is ICON (ICX), and good times are knocking at the door of the digital currency that has shown an enormous progress in the digital currency market.
ICON (ICX) Price Today – ICX / USD
At the time of writing, ICON (ICX) is sitting at the number 30th position on the list of top digital currencies in the world by market cap. The digital currency is presently trading at $1.37 after an increase of 2.2 percent over the past twenty-four hours. The market cap of ICON (ICX) is $530.18 million and its trading volume over the past twenty-four hours is $26.25 million.
ICON (ICX) Price Trend
The last time the digital currency tested its present level was in December 2017, after which there was a gigantic bull run and Bitcoin tested its all-time high at $20k. ICON (ICX) later got to the $12 mark early January – which is its all-time high – before it started consolidating lower. Form the look of things, the digital currency could be ready for yet another ride just like the one seen in January.
Another factor that could cause a spike in the value of the coin is that the blockchain project recently completed a token swap which was spearheaded by Binance. Both the ICX and TRX token migrations were completed the same day. This is indeed a great step forward for the digital currency.
Also, the blockchain project has secured a lot of partnerships over the months. The project is backed by a lot of financial institutions, hospitals, universities, and insurance firms. These partnerships have helped to increase the adoption of the coin, and this could increase the value of the coin in the short-term.