ICP Price Surges Amid Decentralization Commitments and AI Progress

Azeez Mustapha


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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.

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

ICP Price Surges Amid Decentralization Commitments and AI Progress 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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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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