Some ALTCoins made surprising moves this week. In particular, ICON jumped 25% in the last 7 days.

This is interesting because when looking at the coin leaders, their actions remained relatively flat; Bitcoin (available on Coinbase) kept finding its way back to somewhere between the $6,700 and $6,750 marks, with the latter being the highest the coin achieved across the week. No major movements happened.

But at the same time, ICON (ICX) was doing this:

Source: Coinmarketcap.comWhat is ICON?

ICON is a favorite of South Korea and is often dubbed the nations version of Ethereum (available on Coinbase). Over the last couple of days, it has seen gains of 25%, making it one of the best-performing ALTCoins out there right now.

ICONLOOP

The jump can be attributed to a medium post the ICON Foundation released whereby it announced its technology partner ICONLOOP, has been selected to participate in a large-scale government-backed public project called ‘Cultivating Innovative Youth Talents 2018’.