Icon to launch their ICO platform
Icon is all set to launch their new ICO token platform. The webpage will be launched on the 11 May and I would not be surprised if we saw a bullish rally in anticipation of this.
As you you ICON's Blockchain is all about hyper-connecting the world and interoperability functions which makes it different from other blockchains like ETH.
Personally I've also been to an ICON event a few days ago where we got a chance to talk to the founder of the first ICON ICO Bluewhale (https://www.bluewhale.foundation/). While I was not so interested on this particular project at the time it was interesting to see how much ICON was giving back to the community especially playing a big role in funding and assisting in the marketing of this ICO.
To read up a bit more on the upcoming ICONest launch here is the full Medium article:
https://medium.com/helloiconworld/introduction-of-iconest-icons-token-launch-platform-d6168984c8ac
Will ICON see a bullish run as the ICONest launches?
I am personally of the opinion that this is very bullish news for ICON. If we have learnt anything from ETH, the one thing that it delivers well is ICOs and perhaps ICON can add that to their list as well for the Korean Market.
In any case we are seeing a tightening pattern on the 4 hourly charts setting up as we head further into this equilibrium pattern. I expect we will have a break out in the next couple of days if this keeps up. The odds are in favour of the the bulls in this scenario as we have seen some pretty strong support for ICX as it bounced back up from its double bottom of $1.81 USD and has had a nice rally up to $4.40 USD since.
I will be watching this pattern closely and looking for a bullish trade. It will be interesting to see how ICON's ICO platform affects the trading prices.
Remember guys this is not financial advice (always do your own research)
Peace
Tom