RATE Group | Top 3 Unknown Cryptos Outperforming Bitcoin in 2020: ICX, WAN, AION
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Top 3 Unknown Cryptos Outperforming Bitcoin in 2020: ICX, WAN, AION

04 Feb Top 3 Unknown Cryptos Outperforming Bitcoin in 2020: ICX, WAN, AION

Posted at 05:03h in Cryptocurrency News by

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Bitcoin (BTC) and large-cap cryptocurrencies have shown significant strength over the past few weeks but traders are also starting to pay attention to smaller cap coins. One of these coins is Icon (ICX), which has surged more than 200% over the past three weeks. 

Similarly, WanChain (WAN) and AION (AION) also gained 60% and 120%, therefore an analysis of these coins is warranted.

Crypto market daily performance. Source: Coin360

Icon breaks 2-year old downtrend against USD

Bitcoin recently broke out of a 7-month downtrend and as this happened many other coins broke their 2-year old downtrends. An example is shown through the chart of Icon.

ICX USD 1-day chart. Source: TradingView

The chart is showing a clear break of the 2-year old downtrend, which resulted in an upwards surge towards $0.39. This surge is a move of more than 200% in a matter of weeks. 

The chart is also showing an apparent breakthrough of a critical level, which is the $0.18 level (green horizontal line). 

Some things…

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