40.3K

Gmgmgmgm Square Fam!

This is the 12th edition of #ICP Pulse [Season 4], your daily dose on all things Internet Computer.
It's time for all things weekly on the IC
Let's go🫡

1/ $ICP Price Action

Well, after weeks of grinding through the red territory, the price action is finally seeing some light, which is very much great.
This week, the price action took a swift dip towards 4.9 USD, before recovering to USD, as of press time.
Now, into the numbers.
Support: 5.1 - 5.6 USD
Resisstance: 6.2 - 6.5 USD
Other conditions: still lacks increasing volume, which might indicate a minor decline, in case this week's candle doesn't surpass volume compared to the last week.
RSI sitting at 37ish, while futures data signals growth in trading volume, as high as +35%, with net positive funding rates and record low open interest balances.

Note that we are discussing long-term price action here, due to the massive volatility in the cryptocurrency market.
Now, we wait🫡
As always, remember to do proper research before aping in AS THIS IS NFA🙏

2/ Onchain Stats
Sources: ICP Dashboard, TokenTerminal and ICTerminal

Internet Identity Count

This week, the IC saw impressive growth in terms of this metric, onboarding at least 4.2K entities to roam across the mainnet.

Burned ICP Stats

Since mercury genesis, almost 1.4M ICP has been burned, and this week was no exception. This ensured the evaporation of circulating tokens, which accounts for 63.4K ICP worth 342.7K USD becoming cycles. This acts like fuel, ensuring the canisters are up and running this week.

Mcap vs Fees [Weekly] | tokenterminal

Obviously still gud IMO.
This week, the Internet Computer generated 306K USD in fees, while its MCap ranged between 2.7B and 3.9B.

Number of New Addresses | ICTerminal

Despite uncontrollable stuff like macros, this week marks another historic milestone of the Internet Computer history, as we see an impressive 40.3K addresses being activated on the mainnet, accounting for 37% in growth within the timeframe.
LFG

3/ NFT Stats
Sources: DGDG and bioniq
1️⃣Motoko Ghosts --> 25 ICP
2️⃣BTC Flower --> 29 ICP
3️⃣Peeladies --> 2.2 ICP
4️⃣icbucks by EgidoVal --> 🔺1.49 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 40 ICP
6️⃣Goated Gamer by The_Swop --> 2K sats ckBTC
7️⃣Motoko Sentinels--> 0.00049 ckBTC
8️⃣Cubetopia Islands --> 16.55 ICP
9️⃣Distrikt PODs --> 1.3 ICP
🔟Charles by onicai --> 0.0009 ckBTC
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
Note: weekly recap, indicates weekly gains
🟣Gainers
➡️Taggr --> 0.8 USD @ 253K USD Marketcap (🔺10.6%)
➡️ICPCC --> 0.137 USD @ 89.9K USD Marketcap (🔺4.8%)
➡️GLDT --> 0.943 USD @ 388K USD Marketcap (🔺2%)
🟣Losers
➡️Sonic --> 0.0134 USD @ 1.7M USD Marketcap (🔻40.3%)
➡️BoB --> 0.695 USD @ 11.1M USD Marketcap (🔻36%)
➡️Alice --> 0.062 USD @ 2.6M USD Marketcap (🔻28%)

5/ Inside the ICVerse🧑‍🚀
🟪14 Voting Proposals in the NNS.
🟪11 Voting Proposals in the ICFC SNS.

Note: Analytics are calculated based on weekly indicators.
🟪TVL on NNS: 1.285 Billion USD [🔻9.8%]
🟪TVL on ICP DeFi By DefiLlama: 28.3M USD [🔻9.8%]

PersonalDAO SNS Swap is live [Ends in 4 days and 10 hours]
These are turnkey DAOs, and each component is in the sole custody of the respective communities that operate them.

➡️Minimum commitment: 5 ICP
➡️Maximum commitment: 15K ICP
➡️Overall commitment [including Neurons Fund]: 6.5K ICP
➡️Minimum direct commitment to complete the swap: 1 ICP
➡️Total supply: 21M DAO
➡️Supply allocated to the Swap: 10.08M DAO

Updates from the DFINITY Foundation🔮
➡️Internet Computer is live in the ongoing Binance traders boot camp program.
➡️ICP nears the last unlock event, completing the token decentralization process in entirely.
➡️An explanation on the Pulse Milestone has been published.
➡️The latest episode of ICP roundup is live.
➡️ICP tops the number 1 position in terms of dev activity within the last 9 months.

6/ Updates from the ICP ecosystem
➡️ORIGYNTech is live at Web3Amsterdam
➡️OpenFPL is all set to return tomorrow, also ships the 2nd episode of the weekly dev update session, along with a Q&A session today at 1 PM GMT
➡️Dmail ships custom NFT domains to production.
➡️codegovorg proposes to top up all the alice SNS canisters.
➡️ICPCC concludes the public DAO meeting, recording is now live.
➡️ICPHUBS to conduct global townhall program on the 28th of March.
➡️TheSwop is all set for tomorrow's Goated Gamer Night.

So, here I wrap up for the day😇
Hats off for staying this far🫡
Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially to our #BotOrNot fam.

And finally, before you go...
I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing.
This will help me provide you with more quality information, thank you🫶

Now go unplug those wallets, and revoke your permissions as we meet the weekend 🥳
Btw, stay tuned for today's educational quiz✌️

I'll see ya next week with your daily dose on ICP🫡
Until then, Take care👋