There is growing consensus in crypto community that the next phase of growth in crypto will be driven by blockchain adoption in the real world. Unfortunately, there are so many projects out there that are hyped up, yet they have no meaningful use cases. If you are looking to invest in a blockchain project that is not just selling you fancy whitepapers, but is actually usable, then you need to consider investing in ICON (ICX).
Icon (ICX) is a crypto projects that aims to connect blockchains all across the world. ICON is creating a hyper decentralized system, one that will be the largest in the world. Under the icon ecosystem, companies can create independent blockchains that can communicate with other blockchains using the ICON nexus. This concept is so efficient and scalable that it has been adopted by different industries across South Korea. It is being used by the government, the private security sector, the insurance industry among many others.
The biggest news so far in the adoption of the ICON (ICX) blockchain by Samsung. Samsung, one of the largest corporations in the world, will be using the ICON Chain ID for its Samsung pass authenticator. The ‘Samsung pass’ is a technology that Samsung intends to use for authentication on top of the bio-metric security system. Under the deal, Samsung will deploy this technology on all its smartphones, which is a pretty big deal for Icon (ICX). To add to the intensity of these news, it has come just a day after a deal between the ICON team and ASSIST, one of the most respected business school’s in South Korea.
With news of such a magnitude, it’s only natural to wonder why ICON is not mooning, as is usually the case when big crypto news are released. Well, the primary reason why ICON is not mooning right now is because of the events that have characterized the crypto market today. The market today was hit with the news that Upbit, the largest crypto exchange in South Korea was under investigation for fraud. This pushed the market down by a significant margin, as investors dashed for safety in fiat. Considering that ICON (ICX) is mainly traded in South Korea, there is no way it could moon on a day when crypto volumes have nose-dived, especially when it’s base country is the epicenter of it all.
However, with this deal and many more coming up, ICON (ICX) is definitely headed to the moon soon. Once the markets settle, ICON will definitely be one of the cryptos that lead the next Bull Run. The fact that it has the potential to be the largest decentralized network in the world, and already has some partnerships across key sectors of the Korean economy, will help push up its value. With this in mind, it is not hard to see why some analysts believe that ICON (ICX) will close the year at $100.