ICON (ICX) Price – Current Live Value
Real-Time ICON Price Chart (ICX to USD)
ICON (ICX) is a cryptocurrency and platform for the decentralized exchange of other digital currencies and the interaction between their underlying blockchains. The platform incorporates both Smart Assets and blockchain-ID functionality that combined with the decentralized exchange allow it to act as a form of central hub for the interaction of previously incompatible blockchain-based applications
The value of ICON rose rapidly after its 2017 ICO, increasing in the pace of its climb going into the industry-wide 2018 crypto boom. Following a similar boom and bust pattern as other digital currencies, it then slowly drifted down below its early post-ICO price. However, it has since seen a slight increase in more recent times bringing it back above its ICO price. It is now a top 50 cryptocurrency by overall market cap.
ICON is essentially an enhanced version of a decentralized crypto-to-crypto exchange that uses their native ICX coin as a medium of exchange and transactions. The supplement of this basic decentralized exchange with Smart Contracts and blockchain-ID functionality means that users can exchange the services supported by different blockchains by using the ICON platform as a medium of exchange.