ICON

Throughout the course of 2019, altcoins wish-washed, but 2020 has been a great year for such coins so far, and one of the leading altcoin gainers has been ICON (ICX). As a matter of fact, the token has enjoyed a parabolic rally, and it seems likely that it is now on the radar of many crypto traders.

That being said, it should be noted that it is still a small crypto token, and traders need to take a closer look at the parabolic rally before they decided what to do.

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Coinbase 2

Key Drivers

After the sort of rally it had, ICON is now close to its key resistance point, and it remains to be seen if there is a slowdown of sorts. Over the course of the past few days, the token rallied by as much as 326%, and there is hardly any doubt that the market must have taken notice.

However, while the rally in this particular token is remarkable, it needs to be pointed out that this could also be an indication that a rally might be on the horizon for other altcoins in the crypto market.

>> Mastercard CEO Reveals Why His Firm Quit Libra Over Several Red Flags

For those who are trying to cash in on this rally, it would be necessary to keep an eye on the token over the course of the coming hours. As mentioned earlier, it is approaching a key resistance point, and from then on, there could be a slowdown. However, if there is a slowdown, then it could prove to be an opportunity to accumulate this token. The rally in question commenced towards the end of January and continued until the first few days of February. In the early days of February, the ICON token surged from $0.30 to $0.45, and it remains to be seen how it will fare from now on.

Featured image: DepositPhotos © fazon1

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ICON (ICX) Rockets Over 325% in 2020: Here Are the Key Drivers 1
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E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

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bitcoin
Bitcoin (BTC) $ 39,225.00
ethereum
Ethereum (ETH) $ 2,360.72
tether
Tether (USDT) $ 1.00
binance-coin
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cardano
Cardano (ADA) $ 1.34
xrp
XRP (XRP) $ 0.662810
dogecoin
Dogecoin (DOGE) $ 0.223008
usd-coin
USD Coin (USDC) $ 1.00
polkadot
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binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 39,225.00
ethereumEthereum (ETH)
$ 2,360.72
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 505.48
litecoinLitecoin (LTC)
$ 137.90
bitcoinBitcoin (BTC)
33.322,58
ethereumEthereum (ETH)
2.005,49
tetherTether (USDT)
0,849524
bitcoin-cashBitcoin Cash (BCH)
429,42
litecoinLitecoin (LTC)
117,15
bitcoinBitcoin (BTC)
28,530.38
ethereumEthereum (ETH)
1,717.07
tetherTether (USDT)
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367.66
litecoinLitecoin (LTC)
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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin39,774 1.56 % 15.33 % 24.61 %
Ethereum2,376.8 0.51 % 9.90 % 24.72 %
Tether1.000 0.05 % 0.03 % 0.23 %
Binance Coin322.16 1.09 % 7.80 % 5.88 %
Cardano1.350 0.57 % 11.78 % 13.65 %
XRP0.6649 0.31 % 10.91 % 12.73 %
Dogecoin0.2244 0.52 % 13.77 % 21.76 %
USD Coin1.010 0.35 % 0.39 % 0.00 %
Polkadot14.97 1.63 % 10.78 % 17.20 %
Binance USD1.010 0.50 % 0.89 % 0.54 %

bitcoin
Bitcoin (BTC) $ 37,344.00
ethereum
Ethereum (ETH) $ 2,230.64
tether
Tether (USDT) $ 0.997933
binance-coin
Binance Coin (BNB) $ 306.63
cardano
Cardano (ADA) $ 1.26
xrp
XRP (XRP) $ 0.629256
usd-coin
USD Coin (USDC) $ 0.998011
dogecoin
Dogecoin (DOGE) $ 0.205452
polkadot
Polkadot (DOT) $ 14.08
binance-usd
Binance USD (BUSD) $ 0.998026