ICON (ICX) is one of the assets that caught the attention of trades in April. While not spectacular, the two-fold increase in prices and the robust gains against Bitcoin (BTC) are tutning ICX into one of the select altcoins to watch this spring.
ICX added another 16% overnight, pushed by speculative Asian trading, to stand at $4.21
!ICX!
According to the crypto community, the main reason for the slow price appreciation may be a concerted effort by whales. At the same time, the ICON project is getting a boost from being just days away from the launch of its mainnet.
But the other price driver for ICON are the rumors that a listing on Bittrex, and a revival of the once-central exchange that may boost many digital assets. At the moment, the chief activity around ICX is happening on Binance. There is no official confirmation that ICX is getting on Bittrex, but even that is enough to boost the price. The reason for this is that the rumor was tweeted as if it were already a fact:
https://twitter.com/CaptsCoinClub/status/988652813025656832
Upbit also pushes the price up, at one point the equivalent of $4.80, spreading to other exchanges. On Binance, ICX also traded at a premium compared to other exchanges, such as HitBTC.
So far, no information has been released on the migration of the ERC-20 token that is ICX, and the new blockchain asset. ICON is one of the many projects graduating from the Ethereum network, and many platforms have relied on exchanges to do the work for them and credit the new digital assets.
Recently, ICON also announced the first ICO on its platform, a project called Blue Whale, attempting to create a crypto-based marketplace for freelancers and the gig economy. With the launch of the main net, ICON lines up with projects like NEO, QTUM, Stellar, TRON, and others that are building entire ecosystems with distributed apps, capable of hosting ICOs and projects. ICON is also known as the “Korean Ethereum”, and boasts of being one of the largest networks. The launch of the mainnet will have to prove that claim.
This article appeared first on Cryptovest
