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Could We See ICON Hit $12.0 Again This Year? - The Team Welcomes New Members - ICON News. Monday, October 1

01 october 2018, 23:41 by John Kiguru

ICON Price Analysis As The Team Welcomes New Members

Today the crypto market has seen many coins get dragged on to the red zone. Over the last 24 hours, many of the coins have recorded loses ranging from 1%-56.5%. Just to be absolutely clear, the 56.5% loss was from Ubex and at the time of writing this, is the biggest loser over the last 24 hours. However, some coins are still recording some impressive numbers. One particular coin, ICON, has over the last 24 hours soared by 2.81%. At the time of press, it is trading at $0.671163 with a market cap of $260,029,433.

So, what’s triggered the surge?

ICONLOOP Announces New Platform Experts

The day has also seen the project welcome two experts to its platform. YJ Chung and Woong Kim have been recruited to work on a Business Management role and Product Management role respectively. Previously to joining ICONLOOP, YJ Chung worked for Kakao and Woong Kim worked for SK Planet. They bring vast experience to the project and according to the ICON team “will offer consulting for blockchain project teams and companies hoping to turn their ideas around blockchain into businesses of the future.”

On September 18, the development team updated the MainNet to version 3.0 which can now support smart contracts. The project has now become a go-to place for DApp development teams.

Could We See ICON Hit $12.0 Again This Year?

After its launch towards the end of October in 2017, the coin steadily grew in popularity and price. By the beginning of 2018, the coin had hit its all-time high of $12.00. Soon after, the bearish market got hold of it and it dragged down to a new support level $1.91. After a recovery in May that saw it recover to 4.09, the coin dragged down again and has since been struggling to get above the $1.00 mark.

It is unlikely that it will hit its all-time high again this year but putting numbers aside, the ICON project remains one of the most technologically promising projects in the world.

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