Icon's icx will blow up! Yesterday's top is tomorrow's bottomMoore's law has tought us that historic evolutionary patterns are happening 10 times faster after each new technological or scientific breakthrough when it hits the mainstream public worldwide. This breakthrough is then followed by a parabolic and very bubbly event, only to face a dozens month old bloody correction, while finally allowing the new market to mature as it becomes adopted and globally regulated. The end result causes yesterday's all time highs to become tomorrow's new bottoms. But what history has shown is that only a few select will rank above everything else and this will only take place when the potential promise of a strong vision is fulfilled on a global scale changing humanity's habits in a way we never thought possible.
The last time a transition like the one I'm describing above happened was between 1984 and 2020. This has been a time of great change that started when Nasdaq introduced the internet to the world as early as the 1980s. When the Soviet Union was falling and the Berlin wall fell a new world was being reshaped thanks to the start of the internet era. These highlights preceded another historic event 2 decades later. Of course, we've all heard about 9/11 and how it paralized the entire world in 2001. After the dust settled, it took the internet market almost 6 years to hit the peak of a sucker's relief rally and mark the end of the dotcom bubble burst. The parabolic unexpected rise that the internet bubble displayed the first time, was something that is still unbelievable to this day. Even though denial and disbelief are a thing of the past, we can still wonder what those so called experts have to say today when asked if our computer pundits lacked all common sense back in the day? Well look at how unimaginably far "electronic wonderland" has come. The internet did indeed replace traditional systems used by banks and governments in the 1990s. Now another global event is about to close a chapter that started as early as 2008 when the global recession took place. We're seeing one after another industrial revolution, each time happening exponentially faster and in a more impactful way than the previous one. The world is being taken by storm yet again, as cryptocurrencies more than outperformed in the last quarter of 2017 and in the early days of 2018. In contrast and just like the dotcom bubble peak back in 2001, both astonishing events preceded a very bloody correction in the 2 years that followed. Both events witnessed by today's freelancer and entrepreneurial millenials, saw Nasdaq find the true bottom around the fourth quarter of 2002 followed by a crystal clear relief sucker's rally that lasted 6 years up until 2007 soon ensued by a higher bottom to spike a much much bigger rally that continues today.
Now that the cryptocurrency market is maturing, we can see history in the making as bitcoin did indeed reach a massive technological breakthrough at the end of 2017 followed by a 2 year bloody correction. This time though, moore's law didn't disappoint as the bitcoin market printed a 6 month sucker's relief rally ensued by a higher bottom just a few short months later, signaling the end of the bear market and hinting at another meteoric, more progressive but healthier bullrun between now and 2030, if not earlier.
As thousands of internet startups went bankrupt after 2001 and few of them started recovering from 99% losses, Amazon, tesla, google, microsoft and facebook just to name a few have prospered immensely from that moment onwards, and in what an outstanding way!
So, if 2020 is a strong indicator of what's to come in this exciting brave new orwellian and huxle'y's world, there's a big green light that the cryptocurrency and blockchain market is going to shock the world 10 times faster than the internet 2.0 market has to date!
As you can already see Nasdaq is nearing bubble levels again, there are internet stocks that have not just recovered to 2001's all time highs after losing 99% of their value, but have reached new gains ranging from 33,000% to 100,000% gains since then with the big internet giants leading the way and Tesla surprising the most.
If 99% of altcoins do and will eventually die out, I have absolutely no doubt one under the radar startup that's become the bridge to leverage the smart cities and connected cities of tomorrow bridged by blockchain technology that's run on Central Bank Digitally Based currencies and X-road replicas, is going to absolutely excel more than anyone can imagine. I very strongly believe, a startup based in Samsung's Seoul city, at the heart of a breathtaking and modern South Korea, neighbour to Tokyo, Hong Kong, Singapore and Shenzhen, while indexed on techcrunch's database over at crunchbase, called: Iconloop,
is amongst that narrowed list of the top 1% baby companies that will become a behemoth to witness this decade.
There is a very real possibility that we will see Icon foundation's token price with symbol ICX hit anywhere from 1 to 2 dollars in the first quarter of this year and 3 to 5 dollars throughout 2020, and anywhere from 50 to 60 dollars by 2030, if not before that.
In conclusion: Yesterday's top is tomorrow's bottom.
