ICX, the native token of the South Korean Icon Network, is up 13.92% today to the dismay of investors. If you want to know what ICX is and whether you should buy it today, look no farther than this guide.  

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What is ICX?

ICON Network is a layer-one blockchain which intends to develop an interoperable blockchain network connecting enterprises with independent online communities. It focuses on improving real world use cases by promoting value exchanges to advance hyperconnectivity.

ICON reduces the number of middlemen needed and eliminates cross-border interaction obstacles by verifying transactions on its decentralized ledger. It focuses on the use cases of digital certificate issuance, decentralized identity, blockchain payments, NFTs, and decentralized finance. Further cases involve elections, e-government, e-health, and decentralized oracles.

Should I buy ICX today?

Read at least several price predictions and do research before investing in this relatively new and volatile token.

ICX price prediction

According to Wallet Investor, the ICX price can go up to $2.75 in one year. This comes to earning potential of 52% in one year. In five years, ICX will be trading for $7.  

ICX on social media

This post was originally published on Coinjournal.