ICON Price Surges As The Team Reminds The Community Of Its Korean Domination
Korea has been spearheading blockchain technology since it went mainstream. In recent years, the country has at some point accounted for the largest ETH trading volume. Now, they might get to do the same for ICON.
ICON Surges As The Team Reminds The Community Of Its Korean Domination, Up By Nearly 9%
Korea has been spearheading blockchain technology since it went mainstream. In recent years, the country has at some point accounted for the largest ETH trading volume. The countries impact was not only felt on Ethereum. According to reports, last year about 30% of all working people had invested in cryptocurrencies. Their impact on Ethereum in particular strengthened its position in the market. Now, the country might get to do the same for ICON.
ICON Partnerships And Involvement With The Government Of Korea
According to a Medium post by ICON on October 15, ICON is the only Korean blockchain platform that makes the front page of coinmarketcap. This publication has in the last 24 hours inspired a bullish market and the coin is up by 9%.
The post goes on to outline the various partnerships the project is involved in, like LINE (joint venture), Samsung Electronics, SK Planet, and Smilegate. ICON has signed partnership deals with these companies and more and they, in their own right, hold significant promise over the future of the project.
To sweeten the deal for all ICON holders, according to the team, the project has been “at the center of several core government blockchain initiatives and its leading blockchain tech partner.” The project has been partnering with the government to bring change in Insurance, Education, Health, Customers Service among other sectors.
ICON (ICX) Price Analysis
Over the past month, ICON has been everything but stable. It’s been both up and down and there’s been no definite trend to show whether it’s the bulls or the bears in control. During last week’s midweek crash, the coin dropped from $0.72 to $0.59 where it found support. For much of the rest of the week, it traded just over $0.60. On Sunday the coin began surging climbing to $0.63 before dropping to $0.60 in the early hours of Monday.
However, just recently the coin has soared and reached highs of $0.7345.
Looking through the projects and the partnerships the team is involved in and with, ICON is a promising project and by far the best project to come out of Korea. It is likely in the near future we could see prices hit their all-time high of $12.04.
ICX/USD Price Chart, Thursday October 18th:
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