The cryptocurrency market has experienced a significant shift as Internet Computer (ICP) surged an impressive 80% in the last seven days...
The cryptocurrency market has experienced a significant shift as Internet Computer surged an impressive 80% in the last seven days, propelling it into the top 20 cryptocurrencies globally. This remarkable ascent saw ICP leapfrog over APT, NEAR, and UNI to claim the 18th spot. As the crypto community watches with bated breath, Internet Computer’s meteoric rise has been nothing short of remarkable.
The next target for ICP could potentially be around the $23 area, which aligns with the 3.618 Fibonacci extension level. More ambitious traders might set their sights on the $25.98 mark, in line with the 4.236 Fibonacci extension. According to Tuld, Internet Computer was initially dismissed as unnecessary or a scam, much like Chainlink in its early days. However, as developers and companies began to understand the underlying technology, its value became increasingly apparent.
In a similar vein, Tuld believes that ICP is “the Chainlink story on steroids.” He admitted to initially dismissing ICP as an FTX pump-and-dump scam in 2021/2022, only to later realize that SBF and his associates had deliberately engineered the pump and subsequent dump to discredit the project, as they feared its superior technology posed a threat to their schemes around Solana.
While not providing investment advice, Tuld encourages crypto investors to take another look at ICP, conduct thorough research, and explore the numerous projects already built on the Internet Computer blockchain, such as OpenChat, a decentralized messaging platform akin to Telegram or Tencent.has emerged as a pioneering platform that enables users to invest in AI startup projects using cryptocurrency, particularly through NFTs representing ownership in companies.
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