Gmgmgmgm Square Fam!
This is the 46th edition of #ICP Pulse [Season 4], your daily dose of all things Internet Computer Protocol.
Today, we will deep dive into important ecosystem updates.
Before we start..
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🫶
Let's go🫡
1/ $ICP Price Action
Well, folks its been a pleasure sharing a can of hopium with you, until it lasted.
Currently, volumes are going down as we can see here, possibly due to the uncertainty in macro economics which involves tariffs etc.
Nevertheless, let's look into the number ranges at this scenario.
Support: 4.5 - 5.0 USD
Resistance: 5.1 - 5.5 USD
Other conditions: Unless ETH decides to go to Valhalla, the price action is very likely to consolidate for at least some time ahead, that too as long as volumes are being retained.
In addition, derivatives trading volume has taken a huge spike, sitting at 64.1M USD, accounting for a 29% increment, along with moderately positive funding rates ranging from 0.0059% to a maximum of 0.01%, as of press time.
For now, we wait.
As always, remember to do proper research before aping in AS THIS ANALYSIS IS SOLELY FOR EDUCATIONAL PURPOSES, AND IS NFA🙏
2/ Onchain Stats
Neurons Stats
Within the last 24 hours, the Internet Computer saw around 300 neurons being spawned, in order to prepare for decentralized, autonomous governance on the Network Nervous System.
Burned ICP Stats
Nice.
The last 24 hours, counted for 12.6K ICP, worth 57.9K USD, vanishing from the circulation supply.
In case you are new here, most of the ICP burns happen when developers have to convert their ICP into computational units which are known as cycles, which acts as fuel for canister smart contracts, supporting the reverse gas fee model, ensuring end users a seamless experience, not having to pay any gas fees for interactions.
In addition, there are community members who run Blockchain on Blockchain applications, which also is similar to activating canisters, and also part of each transaction fee on the network is also burned🔥
And that's how folks, ICP is burned🤓
🐙Stats | icterminal
Well, the Octopuses on the Internet Computer seems to be reaching a level of consolidation, as of press time.
As of now, the octopuses held an impressive 6.1M ICP, worth ~28.9M USD.
Retail confidence seems nice💪
3/ NFT Stats
Sources: DGDG, Toniq and bioniq
1️⃣Motoko Ghosts --> 🔺45 ICP
2️⃣BTC Flower --> 30 ICP
3️⃣Peeladies --> 3 ICP
4️⃣icbucks by EgidoVal --> 1.73 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 🔺79 ICP
6️⃣Goated Gamer by The_Swop --> 3.5K sats ckBTC
7️⃣Motoko Sentinels--> 0.00049 ckBTC
8️⃣Cubetopia Islands --> 15 ICP
9️⃣Distrikt PODs --> 1.5 ICP
🔟Charles by onicai --> 0.00085 ckBTC
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
🟣Gainers
➡️ICFC --> 0.01 USD @ 1M USD Marketcap (🔺9%)
➡️ICPSwap --> 0.006 USD @ 6.5M USD Marketcap (🔺6%)
➡️NFID --> 0.003 USD @ 7.2M USD Marketcap (🔺4%)
🟣Losers
➡️DecideAI_ --> 0.013 USD @ 13.2M USD Marketcap (🔻4%)
➡️Motoko --> 0.07 USD @ 4.2M USD Marketcap (🔻3%)
5/ Inside the ICVerse🧑🚀
🟪4 Voting Proposals in the NNS.
🟪1 Voting Proposal in the Motoko SNS.
🟪TVL on NNS: 1.076 Billion USD [🔺1.5%]
🟪TVL on ICP DeFi By DefiLlama: 37.2M USD [🔺0.2%]
Updates from the DFINITY Foundation🔮
➡️The latest episode of the World Computer Tech Talks Series, featuring the foundation's VP of Engineering Samuel Burri is live.
➡️An explanation on how ICP support towards WebAssembly's SIMD works.
➡️The foundation thanks the community for their feedback to help shape oisy, requests to keep them coming.
➡️ICPHUBS to conduct this week's AI lounge talk session, tomorrow.
6/ Updates from the ICP ecosystem
➡️Liquidium completes smart contract audits.
➡️OmnityNetwork join hands with Bitomni in order to accelerate growth towards BTCFi.
➡️Junobuild advances metrics on the Console, also updates relevant developer docs.
➡️onicaiHQ to conduct an AMA on all things iConfucius, this Friday.
➡️ICPCC to conduct public meeting tomorrow.
Well, that's all for today😇
Thanks 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 #TradeStories fam.
I'll see ya tomorrow with your daily dose on ICP🫡
Until then, take care👋
