It's Christmas Eve, and ICX just briefly passed the $5 mark. For my fellow ICO investors, that's already a ~4500% gain. Not to worry though, we're only getting started.
Here's what I think will happen with ICX over the next few months.
It starts with the launch of the ICON mainnet, which will happen before this year ends. This will bring the price up to the $8-10 range. After mainnet is live, CoinMarketCap will finally update ICX's circulating supply, which will put ICX on the front page as a Top 20 coin. This whole CMC issue has been very suspect... the circulating supply was actually updated, and then taken down again shortly after. To me, this seems like a request from ICON to control the ensuing FOMO. Let me explain.
In January, ICON will hold a launch event/party for the mainnet. I also expect a few Korean exchange announcements at the event. If anything, Coinone should definitely be announced, as ICON and Coinone are both owned by the same parent company. At this time, the CMC listing will be updated. People will freak out about a Top 20 coin showing up out of nowhere. FOMO will happen on the Korean exchanges and Binance. We've seen what KRW pairs do to coins in the past. Just check out Ethereum, QTUM, Monero, and more. A KRW pair with ICX will bring the price up to $20 by the end of February.
Keep in mind there's significant interest from institutional investors as well. Check out my previous post for more information on that.