Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024. Which stocks will surge next?Unlock AI-picked Stocks

Cryptocurrency ICON All About Making Connections

Published 02/02/2018, 05:13 AM
Updated 02/02/2018, 05:13 AM

Investing.com - At one point recently, the cryptocurrency was up 1,900% from its launch in October, going from just pennies to almost $11.
Though ICON has since swung high and low with the rest of the market, it is now the 15th largest cryptocurrency based on market capitalization, at more than $3 billion.
What's behind ICON's rapid rise is unclear, but the beginning of its rally seems to have coincided with its listing on the Binance exchange in early December. The majority of trading in its coin, known as ICX, still takes place on that exchange.
ICON was developed by South Korea's Dayli Financial Group, whose goal is
to connect dozens of blockchains through its technology called the loop.
ICON has already established partnerships with banks, hospitals, insurers and universities in South Korea.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.