The value of ICX might reach new highs of USD 0.329 by late Q3, but it could rebound to USD 0.416 in Q4. The ICON 2.0 network upgrades might help the price hit an all-time high of USD 0.707 in 2023.
Amid the advent of DeFi, many crypto assets are fighting to dominate the market in the short term. The ICON network, whose token ICX is hitting the headlines, keeps public records of all transactions.
The Price of ICX in the First Half of 2022
The altcoin ICX opened January at USD 1.22 but started to drop sharply until reaching USD 0.70 in late February. By April 2nd, it hit a multi-week high of USD 1.11 after debuting on the cryptocurrency exchange OKCoin.
Following the momentary high, the cryptocurrency fell dramatically until hitting a low of USD 0.23 on June 18th. However, the weakening market trends drove its price to USD 0.45 within the next two days.
Forecasts about the ICX Price for Q3 and Q4 2022
The high performance of the ICON network might help the ICX price reach new highs of USD 0.329 by late Q3. However, its declining position in the market might lead to a drop below USD 0.248. The bullish and bearish targets suggest that the average price could stabilize at around USD 0.288.
The latest consensus and interoperability standards of the ICON network may push ICX to rebound to USD 0.416 in Q4. Conversely, a financial catastrophe or drastic regulatory measures might reduce the value to USD 0.309. According to bullish and bearish forecasts, the crypto asset might trade at a mid-price of USD 0.357.
Predictions about the ICX Price for 2023, 2024, and 2025
Many await the ICON 2.0 network upgrades, which might help the ICX price reach an all-time high of USD 0.707 in 2023. It might drop by USD 0.364, thus leading to criticism, but might find support at USD 0,500 due to unsatisfactory efforts.
ICON may grow if the community increases its potential audience and upgrades its platform, helping the ICX price to rise to USD 1,057 in 2024. However, if the altcoin does not satisfy customers and traders, it could drop below USD 0.567.
New and better features on the ICON network could help the ICX price to rise above USD 1,611 in 2025. Conversely, a global financial or market collapse might cause the price to fall to USD 0.849. According to the bullish and bearish targets, the average price could find its support at USD 1,126.
Comments from the Market on the ICX Price
The Wallet Investor algorithmic prediction about the ICX price indicates that it might rise to USD 1,752 by late 2022. Although the firm expects an average price of USD 0.717, it also forecasts a high of USD 0.0249 by late 2025.
The Digital Coin Price company forecasts that USD 0.37 is the highest expected price for ICX by late 2022. According to its analysts, the lowest and average closing targets are USD 0.33 and USD 0.35, respectively. They forecast that the altcoin will trade at USD 0.59 in 2025.
Experts from the firm Priceprediction.net predict a maximum closing target of USD 0.42. Although a change in momentum might reduce the value to USD 0.37, it could be worth around USD 0.38. They also make long-term forecasts, as they expect the close of trading to be at USD 1.40 in 2025.
By Alexander Salazar
