The excitement around Bitcoin (BTC) has resurfaced with the talk of institutional investors such as Blackrock and Goldman Sachs expressing their interests in blockchain technology and cryptocurrencies. The way things are going, 5 to 10 years to the future, the early birds who got into crypto investing during this time period, will be telling stories of how they trusted their guts in buying the numerous digital assets available in the crypto markets.
One such digital asset is ICON ICX and good times are knocking for the digital asset that has a very impressive past in the crypto markets. ICX is currently trading at $1.40 at the moment of writing this. The last time this value was seen, was back in early December last year before all hell broke loose and BTC was valued at $20,000 by the 17th of the same month. ICX would later peak at $12 in early January. The way the markets are looking with a resurgent Bitcoin, ICX could just be ready for another ride as the last one we saw in January.
Another thing that could lead to a bull run is that the ICX project recently completed a token swap that was spearheaded by the Binance exchange. Both the TRX and ICX token swaps were completed on the same day on the exchange signifying that both digital assets are now on their own blockchain networks and can be officially referred to as coins. We all know that this is a great step forward for both TRX and ICX. Keen investors love seeing progress in projects that have kept promises from their roadmaps. ICX has done just that. Therefore, there are investors watching from the sidelines and some are buying more of the digital asset. Which one do you want to be?
Thirdly, the ICON project is backed by numerous financial institutions, insurance firms, hospitals, and universities. One such strategic partner is the Korea Financial Investment Association (KOFIA) which is a network of 26 financial institutions in South Korea. There is also an unconfirmed partnership with SBI Ripple Asia and plans of furthering cross-border payments between Japan and South Korea. These are all amazing developments that mean that the coin will be on its way to a Moon Landing very soon.
Summing it all up, with a resurgent Bitcoin, comes the need to diversify our crypto portfolios with worthwhile digital assets backed by functional projects with a good team and results. ICON (ICX) is one such project and coin. The digital asset is at its lowest value this year and ripe for the buying.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Elizabeth Oliver via Flickr
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