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ICP

ICP/USDT - ICP Token: Poised for Explosive Growth?ICP (Internet Computer Protocol) is a blockchain-based protocol that aims to revolutionize the way we interact with the internet. ICP's token, also called ICP, is the native digital currency of the Internet Computer ecosystem. ICP is designed to power the decentralized internet by providing a secure and efficient means of executing smart contracts and other decentralized applications. It operates on a consensus mechanism called the Threshold Relay, which allows for high-speed processing of transactions with low latency. One of the key features of ICP is its ability to support smart contracts written in multiple programming languages, including Rust, Motoko, and C. This makes it easy for developers to create decentralized applications on the ICP network. ICP tokens can be used to pay for transaction fees, stake in the network, and participate in governance decisions. The total supply of ICP tokens is capped at 469 million, with around 155 million currently in circulation. Since its launch in May 2021, ICP has garnered significant attention from investors and developers alike. It has quickly become one of the most valuable cryptocurrencies in the market, with a market capitalization of over $10 billion as of May 2023. Despite its rapid growth, ICP is still a relatively new technology that faces many challenges and uncertainties. As with any emerging technology, it is important for investors and users to conduct thorough research and understand the risks associated with investing in ICP. In conclusion, ICP and its native token have the potential to transform the way we interact with the internet and bring about a new era of decentralized applications. Its innovative technology and strong developer community make it a promising project to watch in the coming years.
Long
by SophiaAnderson
3
$ICP the forgotten crypto about to make a comeback? $70-$100+I know this sounds crazy bc LSE:ICP has done nothing but fall since hitting the market, but feel like it's finally time for this thing to make a move. Why? - Looks like it's formed a bottoming formation (inverse H&S) - OBV shows a inverse head and shoulders pattern forming on the right side of the price action on the weekly time frame (inverse H&S within an inverse H&S) - Multiple higher lows on weekly time frame in obv - RSI crossing into extreme bullish/ parabolic levels on weekly timeframe The only thing that needs to happen is price action needs to break above the last blue trend line. From there, I think we'll see a clear shot to $71. That's where I'd want to take profits, and we'll see if price can move any higher after that. Taken a small position here incase it plays out.
COINBASE:ICPUSDLong
by benjihyam
6
ICP: Resistance BreakoutThe Internet Computer (ICP) technical analysis: Trade setup : Price is an Uptrend. Price pulled back and bounced off of $5.00-5.25 support zone, which also lines up with 200-day moving average and long term support trendline. Now it re-broke above $6.25 resistance and could revisit $7.50 resistance next. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $5.00, then $3.50. The nearest Resistance Zone is $6.25, which it broke, then $7.50.
Long
by altFINS
🔥 ICP Going Parabolic, But For How Long?ICP has seen an incredible move over the last few days, where it gained almost 30% and severely outperformed the rest of the market. Seeing that BTC is trading bullish/neutral, it's likely that ICP will continue to go up in the near-term. However, we're currently severely overbought, so a short-term correction might be coming. The main resistance that I'm looking at the is top diagonal resistance, which connects the two most recent local tops. Be prepared for bulls taking profits here. If BTC continues to go up, ICP will likely break out of the triangle. Till then, I'm assuming that ICP will stay in the pattern.
Long
by FieryTrading
8
ICPUSD Inverse Head and Shoulders targeting 17.800Internet Computer (ICPUSD) is rebounding aggressively for the second straight day on the 1D MA50 (blue trend-line). The price is about to complete an Inverse Head and Shoulders (IH&S) pattern. The technical target for such patterns, that are typically formed on market bottoms, is the 2.0 Fibonacci extension from the neckline's Resistance. That is at 17.800, just shy off Resistance 3 and that is our long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ICPUSDLong
by TradingShot
2
ICP/USD 12H Price TargetsHey traders, Looking at ICP on the 12-hour time frame, we see the two local highs that were created and the question on everybody’s mind is can we go higher? Breaking down the TA, we look like we’ve retested our levels of support at $5.24 and can now move up / change in direction to the upside. We may fiddle around between the $5.24 - $5.59 zone for a bit before advancing towards $6.37, but we could also go straight there. Next targets after securing $6.37 as support would be the sweep around $7.2 marked in orange, and then $9.43. There really isn’t much sell orders on the books and that’s something to factor into your trade as well. I belive this previous move was just a teaser for the real move up, and the zone of accumulation that we’re in was from $4.88 - $5.59. Everything in between and out of that range was deviation from the accumulation zone. We may just pump to $9.43 on this next wick up, however, we need some sort of momentum to carry the price 100%. ckBTC integration was great, shot the price up tremendously, and we need the same kind of hype with ckEthereum as well as more BTC locked on the ICP chain, garnering momentum from all angles to support the squeeze in price. It’s going to happen one of these days, Cycles are used by developers (a necessary resource) to keep their canisters alive and is native to the ICP chain, tied to the SDR (Special Drawing Rights) currency. Remember to take profits on the way up. As always please do your own research, this is not financial advice.
Long
by kyer
ICP/USDTThe Internet Control Protocol (ICP) is a protocol used to facilitate communication between Internet nodes. It operates at the network layer of the OSI model and is responsible for routing data packets across networks. The ICP is an important component of the Internet, as it enables the efficient transmission of data and helps to ensure that information is delivered to its intended destination. One of the most promising applications of the Internet is blockchain technology. Blockchain is a distributed ledger that allows users to securely and transparently record transactions. By using the Internet as a backbone, blockchain can offer a range of benefits, including improved security, increased transparency, and greater efficiency. One of the primary benefits of using the Internet for blockchain is improved security. By utilizing a decentralized network of nodes, blockchain can eliminate the risk of a single point of failure. This means that even if one node is compromised, the rest of the network can continue to operate securely. Another benefit of using the Internet for blockchain is increased transparency. Because all transactions are recorded on a distributed ledger, it is easy to track the flow of funds and ensure that all parties are operating fairly. This increased transparency can help to prevent fraud and corruption, and can ultimately lead to greater trust in online transactions. Finally, using the Internet for blockchain can result in greater efficiency. By automating many of the processes involved in transactions, blockchain can eliminate the need for intermediaries and reduce the time and cost associated with traditional payment systems. This increased efficiency can help to streamline online transactions and make them more accessible to a wider range of users. In conclusion, the Internet Control Protocol (ICP) plays an important role in enabling the efficient transmission of data across the Internet. When combined with blockchain technology, the benefits of the Internet are further amplified, resulting in improved security, increased transparency, and greater efficiency for online transactions.
Long
by SophiaAnderson