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ICON (ICX) joined the ongoing broad-market recovery with a 1.50% uptick in the past day. ICX's latest performance has attracted attention as the altcoin has been under a bearish influence over the past year. ICON suffered prolonged declines as it failed to keep momentum even as other cryptos surged.
The cryptocurrency sector has exploded with a myriad of virtual currencies all battling for dominance. With the advent of Defi, a slew of altcoins are expected to flourish in the coming future. ICON is one such cryptocurrency that is making headlines. The network uses blockchain technology to maintain a public ledger of all operations.
Ultrain (UGAS) , despite displaying positive price movements on its monthly chart, falls short in terms of recent developments that could attract investors. While it holds promise for creating a sustainable commercial ecosystem through cryptographic innovations, it currently lacks the traction needed to inspire confidence.
The last few days have been difficult for most assets in the cryptocurrency market, but some assets have stood out over their weakness to overcome the current difficulties, which is why it might be a prudent decision to avoid them for the time being, or at least until this Halloween.