Alright, biz. Today I would like to address and share with you some pretty straight forward facts and some opinions.
When it comes to ICON I know you're going to hear a lot of memes with things like "GOOKED" - and I'm sure people will even reply to that in this thread. But that's a good thing. It really is. The more negativity this thing gets and the more people open the door and insist that it's never coming back up is a fantastic thing. General social media and market sentiment is incredibly low right now. Paired with the price which is the lowest it's been since December.
So should you buy at these levels? I don't know, it could very well go lower here. But I'll explain my reasoning for why I believe ICON to be one of the first coins to see extremely strong gains in the short to mid term, but before I do that I think it's important to address some of the FUD.
There is currently FUD with the CEO of their parent company, token swap took forever/is still taking place, and there was a pretty abhorrent smart contract bug recently that put a sour taste in a lot of mouths. It's also worth noting that general sentiment for the coin is very low right now. Take that as you will.
However - ICON has dropped more than almost any other coin in its class and has continued to fall. It fell hard and it fell fast. Remember what I said about sentiment? That's a good thing. Antshares looked similar before the rebrand and it took off.
The price hasn't been this low since December and quite frankly the chart looks fantastic. It could still fall lower, yes. But it's not always the best play to try and buy the absolute bottom - that's a good way to get burned.
If you've watched the charts recently you know there is very clearly price suppression. You can tell this both by looking at the daily/weekly volume as well as simply watching the order books. Whales are accumulating, this is not a matter of subjectivity.
Continuing..
ICX. It's simple
Other urls found in this thread:
etherscan.io
twitter.com
Dan Morehead, the founder and CEO of Pantera Capital said recently in an interview that ICON is their single largest position. This is now relatively old news by now, yes.
However, whales continue to accumulate ICX and hold. There are plenty of examples if you look at Etherscan and who is holding what. A very recent and prime example is a wallet here: etherscan.io
ICON is being treated similarly to how Ripple is structured. They're positioning themselves and focusing as a business that will stand the test of time through this crypto boom. They have a vast staff on payroll and continue to seek talented developers.
They currently have one of the most impeccable group of partnerships in the game that are also continuing to be expanded on as well. You can look into that yourself, I don't have to exactly shill ICON partnerships, they speak for themselves.
To top it all off Teeka also recommended ICX today in the latest PBC stating: "The ICON Project is a decentralized transactions network. It aims to connect independent blockchains with dierent
governance so that they can transact with one another without intermediaries.
ICON did its ICO using an ERC-20 token. It’s now in the process of doing a token swap, which will convert the ERC-20
tokens to its mainnet’s tokens and usher in the ICON mainnet era. That’s expected to be completed by September.
In the meantime, ICON continues to forge new partnerships. One is with Kyobo Life, a South Korean life insurance
company. They are collaborating on blockchain-based insurance claims. Another is with the Korea Customs Service and
eight aliate
companies to create a blockchain-based customs clearance platform."
As of right now the current risk to reward for ICX is phenomenal. If you have any legitimate criticism or insight I'd be happy to hear and discuss as I'd really like this post to not be your traditional shill piece on biz.
Thanks
Kys, bagholder.
Bob's Burgers is a shit series. Kill yourself.
>posting Bob's Burgers pics
That show sucks. Unironically kill yourself my dude
Bob's Burgers is certified garbage. KYS
kill urself
cuckwork
Please... you need to unironically kill yourself for reminding me that Bob's Burgers exists
