ICON
ATH / ATL
24h Price
24h summary
Over the last 24 hours, ICON moved from $0.0221 to $0.0214. The session high was $0.0224, the low was $0.0212, and the intraday range was $0.0012 / 5.4%.
- 24h open
- $0.0221
- 24h close
- $0.0214
- 24h high
- $0.0224
- 24h low
- $0.0212
- Volatility / range
- $0.0012 / 5.4%
- Updated
Monthly Returns heatmap
Heatmap summary
ICON posted 39 positive months out of 98. The longest positive streak lasted 5 months, while the longest negative streak lasted 8 months.
- Strongest month
- Jan 2020 +127.9%
- Weakest month
- Nov 2018 -59.9%
- Longest positive streak
- 5 Nov 2020 — Mar 2021
- Longest negative streak
- 8 Jun 2018 — Jan 2019
- Luckiest calendar month
- Feb • avg 20.7% • 8 mo.
- Unluckiest calendar month
- Jun • avg -20.3% • 9 mo.
Networks
Supported exchanges
About the coin
ICON (ICX) is the native cryptocurrency of the ICON blockchain, a decentralized network focused on interoperability between different blockchains.
The ICON project aims to create a "hyper-connected world" where independent blockchains can communicate and interact with each other seamlessly. This vision is realized through the ICON Network, which acts as a communication hub for various blockchains.
At its core, ICON utilizes a unique consensus mechanism called "Loop Fault Tolerance" (LFT). This mechanism is designed to ensure fast transaction speeds and high scalability, essential for a network that facilitates inter-blockchain communication.
The ICX token plays a crucial role within the ICON ecosystem. It is used for various functions, including network transaction fees, staking, and governance.
Staking ICX allows holders to participate in the network's consensus process and earn rewards. This incentivizes network security and active participation.
Governance on the ICON network is also managed through ICX. Token holders can vote on proposals, influencing the future development and direction of the project.
The interoperability aspect of ICON is achieved through its "Blockchain Transmission Protocol" (BTP). BTP enables the transfer of tokens and data between different blockchains, even if they operate on different consensus mechanisms or programming languages.
This capability positions ICON as a significant player in the growing field of blockchain interoperability, addressing a key challenge in the current blockchain landscape.
The ICON network is designed to be a public blockchain, meaning it is open for developers and projects to build on top of it. This fosters an ecosystem of decentralized applications (dApps) and services.
The development of ICON is driven by the ICON Foundation, an organization dedicated to promoting and expanding the ICON ecosystem.
The ICON blockchain employs a Delegated Proof-of-Stake (DPoS) model as part of its LFT consensus, where elected "Block Producers" are responsible for validating transactions and creating new blocks.
ICX, as a digital asset, is subject to the general dynamics of the cryptocurrency market, influenced by factors such as adoption, technological advancements, and market sentiment.
The project's focus on building a network of interconnected blockchains suggests a long-term vision for a more integrated and functional decentralized web.
Developers can leverage the ICON network to create cross-chain applications, enhancing the utility and reach of their decentralized solutions.
The ICON ecosystem continues to evolve, with ongoing development aimed at improving its interoperability features and expanding its network of connected blockchains.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the ICXUSDT market feed.
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