Internet Computer (ICP), which once came to the fore with its legendary rise, started to give the green light to 2024.
ICP, which managed to reach $ 2800 in May 2021 and took the industry by storm, has now started to give hope again. ICP, which comes to mind with the rise of internet technologies, has recently started to give signals with the rise of IOTX and IOTA. Could the popular coin, which managed to remain solid during BTC’s declines and quickly adapt to its rises, be one of the stars of 2024?
What levels can ICP test in the short-medium term price structure? What is the latest situation on the technical analysis side for ICP?
It may become a trend with internet technologies!
The concept of “internet technologies”, which is increasingly attracting global attention, has manifested itself as a price impact on ICP. Despite BTC making a solid correction on December 13, the popular coin survived and lit the fuse, experiencing a total increase of 34.57 percent. It did not go unnoticed that this increase was voluminous and saw very few sales compared to such an increase. As of the writing of the news, ICP, which was sold at $ 6.49, seems like it will make a name for itself in 2024.
ICP, which is currently at an intermediate price, may continue its upward movement as the concept of internet technologies creates greater interest. In such a scenario, it is possible to first observe a move to $ 7,219. Afterwards, $7,621 and $8,031 levels should be followed as resistance points. In a possible downward movement, there may be relaxations up to 6,254 – 5,775 – 5,057 and 4,557 dollars, respectively.
What is Internet Computer (ICP)?
ICP is known as a cryptocurrency or digital token that allows users to create applications, websites and other web-based services. It was created by the Dfinity Foundation, which provides cryptocurrency services, and is backed by venture capital firms Andreesen Horowitz and Polychain Capital.
In addition, it is known as the world’s first blockchain that operates at web speed with unlimited capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum, a blockchain network that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides developers with powerful software frameworks.
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