ICON Official Wallet ICONex Launched to Store ICX

ICON, the largest blockchain networks today launched their official wallet – ICONex. It can be used to store ICX coins and other cryptocurrencies. Also, let’s have a look at the ICX price with chart analysis and prediction.

The foundation launched their PC version of wallet as a Chrome extension, and stated that they will soon launch the Android and iOS apps for the ICONex wallet.

The compatible cryptocurrencies are ICX, ETH and ERC20 tokens available as well. The services provided by the wallet include storage, transfer, wallet backup (keystore file), etc. The company made it clear that the ICX wallet can only be used to store ICX mainnet coins, not ERC20 ICX tokens.

Therefore, if you looking to transfer your current ERC20 ICX tokens, then you need to send them ETH wallet address created on the ICONex wallet, and not the ICX wallet address.

You can download and install the PC (Chrome extension) version of ICONex using this link.

ICX Airdrop and ERC20 Token Swap

The company made it clear that the ICX Airdrop will be only for token sale participant, bounty and other event winners. Therefore, instructions on how to get the Airdrop will be emailed to them on March 2nd, 2018 14:00 (KST/UTC+9).

Therefore, if you are either token sale participant, bounty or other event winners, then you will most likely get an email with instructions on how to get your free ICX coins.

Regarding ERC20 ICX tokens swap, the company mentioned that they will provide plenty of time to all so that the process is smooth. However, there was no exact date mentioned about the schedule, but it could start during the next month.

ICX Price Prediction and Analysis

After a major rally above the $12.00 level, ICX price declined and moved below $10.00 and $5.00. It tested the $2.50 support area and later started an upside correction.

It tested the 38.2% Fib retracement level of the last decline from the $10.37 high to $2.41 low. However, there was no upside break above the $5.80-6.00 area. It seems like there is a major barrier forming around the $6.00 level.

Above $6.00, the $7.00 level is also a major resistance. Once there is a break above the $7.00 resistance, the price may move above the $10.00 level.

On the downside, the $3.00 and $2.50 levels are important supports and buy zones. As long as the price is above $2.50, it could continue to consolidate before the next rally towards or above $10.00.

Featured Image – ICON official site.