ICP Price Surges Amid Decentralization Commitments and AI Progress

The ICP price surges amid decentralization commitments and AI progress. The recent surge in Internet Computer (ICP) prices reflects the community’s dedication to decentralization and advancements in artificial intelligence. In the latest ecosystem report by the DFINITY Foundation, over 6.5 million ICP tokens, valued at nearly $80 million, were pledged.

The Internet Computer protocol (#ICP) continues to push the
boundaries of what’s possible with blockchain and decentralized
computing. Here are some of the latest exciting developments from
the ICP ecosystem:#AI on the Blockchain: 🤖🔗
In a groundbreaking demonstration, Dominic… pic.twitter.com/W923bd5iOn

— ICP HUB Thailand (@icphub_TH) April 1, 2024

 
Spearheaded by the Internet Computer’s Service Nervous System (SNS) framework, various projects and dapps received funding, accompanied by significant growth in blockchain gaming activity and $6.25 million in ecosystem grants. These developments, coupled with a 121% surge in network usage and a 24% rise in decentralized finance value locked, have driven ICP prices up by more than 50%, indicating a bullish trend.

Key Internet Computer Levels To Watch – April 2

The price of Internet Computer has been rallying alongside an upward trendline since the beginning of 2024. The MA Cross also indicates that the current direction of the market is bullish.
 
The market’s sentiment remains bullish, as the price has not made a successful breakout below the upward trendline. Following the conclusion of the ongoing pullback, ICPUSD is likely to resume its trend from the discount zone.

ICPUSD Key Levels

Resistance Levels: $16.970, $20.960, $23.510 
Support Levels: $10.570, $8.550, $4.960

ICPUSD Metrics

Total Market Capitalization: $2.46T
Internet Computer Market Capitalization: $7.92B
Internet Computer Volume: $263M
Market Rank: #18

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