Over the past week, ICON Project saw its price go down by -0.06%. It is below its 20 day moving average by 6.84%, so it’s slightly away. ICON Project’s bullish momentum, if assessed by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Now when considering volatility, ICON Project is more prone to sizable price moves than 47% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for ICON Project in US dollars is expected to be between $0.1403327 and $0.2190473.
Over the past week, ICON saw its daily volume range between 1,716,928 and 9,339,981 units of its own currency. Looking back over past 21 days, volume has steadily risen, but price has been declining. ICON experienced a turnover rate of about 1.1% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 58.14% of the cryptocurrencies in our index, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Technology Development Status
At the moment, ICON has 30 repositories open to the public on GitHub, with the oldest one now being 1.66 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. ICON’s repos that are visible to the public collectively have 421 watchers — that’s more than approximately 54 % of coins in its index. The coin has 69 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison to the number of watchers it has, though, its open issues count is a bit below average, and thus potentially concerning. We view the ratio of open issues on ICON’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for ICON we see that it fares better than only 38% of the coins we group ICON in.
ICON News and Commentary
We found 3 links over the past week about ICON that we thought were especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.
Article by SixJupiter