Technical analysis predicts if a price will rise or fall with analyzing past price trends. It is totally useful for traders. Cryptocurrency price predictions should be treated with caution. It is pretty difficult to examine such a new technological innovation.

ICX Coin is the cryptocurrency that is native to the ICON network. It is similar to Ether for the Ethereum network. In ICON cryptocurrency network, functions must be paid for using the ICX currency. The ICON network has been in development for 2 years. It was created by the Dayli Financial Group. The Dayli Financial Group is a Korean firm that specializes in financial innovation and technology. Coinone exchangers are familiar with the name of company. The company own the Korean platform that allows users to buy and sell various cryptocurrencies.

”Hyperconnect the world” is the idea behind the ICON network. The Dayli Financial Group is trying to build the largest decentralized network the planet has ever known. They also trying to create a platform for users to interact between different blockchains. With complex smart contracts this interaction will be done.

Interconnected network is called ”ICON Republic” by developers. They hope that ICON will be a network that allows interaction between many of different sectors of modern life like security, education, finances in the future.

Underpinning the “ICON Republic” is Nexus. This blockchain connects all the different smaller blockchains that form the Republic itself. These smaller blockchains are known as the ICON Community. Each of these individual blockchains will have their own rules. Regular users can connect to the ICON network through Citizen Node. As a fact, market decides the value of each currency. If lots of people buy it, its price will rise. If few people buy, it won’t be worth a lot.

There are many reasons why a cryptocurrency project could fail. The main ones are:

Competition

What if another platform or currency does the same thing that the project in question is doing and does it better?

Regulation

What if another platform or currency does the same thing that the project in question is doing and does it better?

Technological

What if another platform or currency does the same thing that the project in question is doing and does it better?

Scam

What if another platform or currency does the same thing that the project in question is doing and does it better?

CoinLiker is a website that has published the most optimistic ICX price prediction. Probably we cannot see more positive ideas for next 12 months.

It says ICX will have huge price escalation. 1- year Forecast is over $80! Unluckily, there is no any acceptable evidence about that boost ICX price prediction. But, Coinliker insistently claim to use a ”custom Forecast algorithm” and ”it detected that ICX is a fantastic investment.”

TradingBeasts website reported its own prediction.

As it can be seen, TradingBeasts also expects the price surge of ICX.

However, ICON may not integrated well as it is exptected. ICON might be beaten by a more efficient system. Also there are stumbling blocks to prevent wide adoption of ICON. Regulatory issues and technological problems are also subject.

It’s very difficult to decide if ICON is a good investment or not at this early stage of its development. ICON might not even exist in the end of 2018. On the other hand, it could be worth many times even it’s predicted.

Remember to read all price predictions carefully and always do plenty of research for yourself!