RATE Group | ICON (ICX) Goes Parabolic as Price Triples for No Apparent Reason
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ICON (ICX) Goes Parabolic as Price Triples for No Apparent Reason

05 Feb ICON (ICX) Goes Parabolic as Price Triples for No Apparent Reason

Posted at 02:29h in Cryptocurrency News by

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  • Cryptocurrency ICON rallies more than 70% on Tuesday, reaching a fresh 18-month high.
  • The altcoin has rallied more than 326% year-to-date despite no change in fundamental direction.
  • While it’s still too early to declare ‘alt season,’ crypto values have appreciated more than $67 billion in 2020.

Suddenly and without warning, cryptocurrency ICON (ICX) has been on an absolute tear over the past five days, culminating in a fresh 52-week high that has some traders excited about the return of ‘alt season.’

ICX Surges

ICX catapulted more than 70% on Tuesday and peaked at $0.6031, the highest since August 2018. From last week’s trough to Tuesday’s peak, ICX’s price had more than tripled.

At the time of writing, the coin was hovering at $0.4838, booking gains of nearly 32% for the day. ICX has gained a staggering 326% since the start of 2020. By comparison, bitcoin has rallied about 28%.

ICON has emerged as one of the crypto market’s top performers…

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