Ice Open Network gains ahead of mainnet launch

Ice Open Network has gone parabolic ahead of the mainnet launch this week as more centralized exchanges list it.

ICE token lists

Binance-based Ice Open Network (ICE) rose to $0.0097, its highest level since February 24, and is up 202% above its August low.

It later erased some of this week’s gains and fell to $0.0080 as bullish momentum faded.

According to the developers, the token is listed on 22 centralized exchanges, including LBank, Tapbit, Deepcoin and Coinstore. The last exchange to list this was Deepcoin, which launched the ICE/USDT pair with a $100,000 prize pool.

🚀 It’s official! $ICE is now listed and traded on 22 new exchanges!

🔥 We reached a huge milestone today and the journey is just beginning. Thank you so much to our incredible community for your support!

Get ready for the next chapter #IceOpenNetwork. Come on… pic.twitter.com/wAw7ofSJsd

— Ice Open Network (@ice_blockchain) September 27, 2024

Most of the ION trading occurred on OKX, followed by HTX, Gate.io and MEXC.

The ION network is a new platform that aims to solve the key challenges of centralization in today’s digital environment.

It builds on the legacy of the TON blockchain, which has become a leading chain with over $800 million in assets, according to its whitepaper.

It will introduce tools such as decentralized digital identity, social media, storage, databases, and content delivery networks and integrate these features into a single, scalable blockchain infrastructure capable of processing millions of transactions per second.

With the increasing interest among investors, the ION token also started to rise. Data shows that it was one of the most searched cryptocurrencies on CoinGecko, CoinMarketCap, and CryptoRank this week. Their searches included more than just popular cryptocurrencies like Sui (SUI), Bitcoin (BTC), and Hamster Kombat. ION was also the top gainer on BNB Chan in the last seven days.

The token’s next major catalyst will be its mainnet launch, which developers say will happen soon. Cryptocurrencies often rise ahead of a major event such as a mainnet launch.

Ice Open Network price analysis Ice Open Network Token | Chart by TradingView

The ION token rebounded after forming a triple bottom pattern at $0.0031 in March, April and August. It broke above the neckline at $0.0060, the highest rise and triple bottom on June 7.

While the Commodity Channel Index is moving downwards, it remains above the 50-day moving average. There are also signs of a small shooting star candlestick pattern forming, which is a popular reversal signal.

Therefore, the Ice Open Network token will likely experience some volatility in the near term and then continue its bull run before the launch of the mainnet.