ICX ICX ICXICX flipped the moving averages on 20th Feb, since it has been technically bullish.
I think there's a lot to be gained by simply looking at the symmetry of the BTC pair.
If BTC stays at about $50k, then ICX could hit up to $45. However, this would give it a market cap (fully diluted) across all 800m coins of $36bn.
- currently 77.5% of all coins are released.
I'm unsure of the release schedule, but I only ever look at the market cap in the context of EVERY coin because circulating supply is unhelpful imo.
From my perspective, $36 billion is do-able and for example is about the same as UNI, XLM, LTC, AVAX and BCH (as at today, 7th May 2021).
I think ICX has pretty strong use already in South Korea, hence why this is such a fundamentally strong coin.
In terms of strategy, I wouldn't suggest going all in now, but I'd certainly begin to ease capital in over the remainder of this month.
I believe you are then well positioned for around $6 in July/ August - my best guestimate.
If we do see $45 ICX, then I do not think it would be this year, but by August next year (2022), all things equal, then it could be one of the best decisions of you life to buy, and HODl.
In terms of the some more about timelines, for fun, here are my expectations:
Mid-July to End-September -> first level, 0.00006559 to 0.00008989 SATS.
End-September -> retracement to test support, 0.00005763 SATS.
By Mid July next year -> 0.0005267 SATS.
What do you think about ICX ??
GLHF
