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Internet Computer is showing signs of upward movement as recent data highlights its expanding network activity and usage. Experts point to the rise in ICP’s price, driven by a faster token burn rate, reflecting growing demand. The token recently hit $12, a significant improvement from its previous low of $8.83 last month.
#InternetComputer $ICP
— Ajki (@ajki76) January 4, 2025
While others speculate about the next killer feature being built offchain, ICP is already a step ahead, delivering a fully fledged onchain AI as an NFT.
ICP turns the impossible into reality. pic.twitter.com/mm3pYzn3OW
Additionally, the count of canisters (smart contracts) on the Internet Computer blockchain has reached a record-breaking 879,670, up from 374,000 a year prior. This substantial increase demonstrates the network’s rising popularity for decentralized applications. With these encouraging developments, ICPUSD is emerging as a strong player in the blockchain industry, potentially boosting its value in the market.
Key Internet Computer Levels To Watch – January 8
ICPUSD is showing bullish momentum as it bounces from the demand zone near $10.050 with price trading above a key ascending trendline. The SMA (9) is beginning to curve upward, indicating potential continuation of the bullish trend.
Stochastic oscillator is rising from oversold levels, suggesting renewed buying interest. Immediate resistance lies near $11.360, with a potential target toward $13.000 if bullish momentum sustains.
ICPUSD Key Levels
Resistance levels: $13.000, $15.000, $16.280
Support levels: $10.050, $6.800, $4.960
ICPUSD Metrics
Total Market Capitalization: $3.25T
ICP Market Capitalization: $4.92B
Internet Computer Volume: $204.08M
Market Rank: #29
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