Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
The Ice Open Network (ICE) has been gaining attention in the cryptocurrency market, particularly following its recent launch and the ongoing developments within its ecosystem. This article explores the current state of the Ice Open Network, its price predictions, and the broader implications for investors and users.
Source: CoinMarketCap
The Ice Open Network (ICE) token was launched in early 2024. With a total supply of 21.15 billion tokens and approximately 6.61 billion tokens in circulation, ICE has reached a market capitalization of around $56 million, with a high of almost $80 million. However, it has shown a downward trend in the market recently. This is due to market volatility, delay of project development such as Frostbyte release and supply dynamics can contribute to price fluctuations.
As of March 11, 2025, Ice Open Network (ICE) is trading at approximately $0.00372737, reflecting a slight decline of 0.02248% from the previous close. The intraday high reached $0.00396747, with a low of $0.00356183. According to technical analysis, technical indicators suggest a bearish trend for ICE, with the 1-day analysis showing a 'Strong Sell' signal and the 1-week analysis indicating a 'Sell' signal. The Relative Strength Index (RSI), which measures price momentum, is currently in the neutral zone, suggesting that ICE is neither overbought or oversold. Additionally, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, reinforcing the negative sentiment in the market.
The current technical indicators for Ice Open Network (ICE) point towards a bearish trend in the short term. However, mid to long-term forecasts suggest potential appreciation in value. Investors should approach with caution, considering both technical signals and fundamental factors before making investment decisions.
Read more here: Price Prediction and Market Sentiment
Ice Open Network (ION) is the name of the blockchain network, while $ICE is the primary token or cryptocurrency used in the network for on-network transactions, staking, paying fees, and various other functions within the ION ecosystem.
Ice Open Network is built on four foundational pillars designed to protect, connect, and empower users. Each component of our framework plays a critical role in enhancing the functionality and accessibility of our blockchain, providing a toolkit for the easy creation of comprehensive, secure, and unflinchingly human-centric dApps. The following are the main features of Ice Open Network (ION):
The mainnet launch in January 2025 marks a significant milestone for ION, with over 200 network validators having staked over 15% of the circulating ICE supply, demonstrating strong community support. Currently, ION has reached 40 million users worldwide after the mainnet was launched.
Ice Open Network (ION) is a Layer-1 blockchain designed to enhance user control over their data and digital interactions. However, some users may have concerns about the Shariah status. Each cryptocurrency has its own Shariah status, which depends on how it is used.
Read more here: Is $ICE halal?
The Ice Open Network (ION) and its native token, $ICE, present a promising yet evolving opportunity in the cryptocurrency market. $ICE offers a unique investment opportunity, particularly for those looking for exposure to an emerging Layer-1 blockchain with real-world utility. However, as with any investment, due diligence is essential. Investors should weigh the potential rewards against the inherent risks and consider their investment time horizon before making a decision.
