Gmgmgmgm Square Fam!
Happy Friday :)
This is the 48th edition of #ICP Pulse [Season 4], your daily dose of all things Internet Computer.
It's time for all things weekly on the network.
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
Nice.
It's been a very long time since the price action saw a green candle with a likely bullish engulfing pattern, which is yet to be confirmed volume wise.
RSI is looking clean and nice as well, further supporting the hopium scenario.
Now, into the numbers.
Support ranging from 4.5 to 5.5 USD, while resistance is ranging from 5.6 to 6.3 USD as of press time.
In addition, coinglass metrics shows a staggering growth with derivatives volume up by +82%, and open interest up by 12%, although funding rates are positive to as high as 0.01%, while interestingly open interest and the price is yet to experience a crossover, which historically have been a good indicator on determining price direction👀
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
Sources: ICP Dashboard, TokenTerminal, and ICTerminal
Neurons Stats
The motive towards decentralized, autonomous governance is accelerating.
Within this week, the ICP community spawned over 1.8K neurons to support this initiative.
Canister Stats
Canisters are already headed to 950K, which, if the pace is maintained, could be achievable by next week.
Within the week, the network saw 5.1K canisters being activated, sparking development activity.
Burned ICP Stats
Within this week, the ICP mainnet saw 53.4K ICP, worth around 278K USD, vanishing from the circulation supply.
LFG
Mcap vs Fees | TokenTerminal
This week's Market capitalization ranged from 2.5B to 2.7B, which is pretty much stable, while accumulating 223K USD in fees.
Number of new addresses | icterminal
Nice to see another all time high in this metric, which resonates 40.3K new, unique addresses being activated on the ICP mainnet, within this week.
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
Note: stats indicate weekly changes.
🟣Gainers
➡️Motoko --> 0.08 USD @ 4.6M USD Marketcap (🔺44%)
➡️ICFC --> 0.013 USD @ 1.3M USD Marketcap (🔺32%)
➡️GoldDAO --> 0.028 USD @ 28.8M USD Marketcap (🔺22%)
🟣Losers
➡️KongSwap --> 0.028 USD @ 28.2M USD Marketcap (🔻21%)
➡️PersonalDAO --> 0.059 USD @ 1.2M USD Marketcap (🔻16%)
➡️Sonic --> 0.06 USD @ 8.1M USD Marketcap (🔻10%)
5/ Inside the ICVerse🧑🚀
🟪3 Voting Proposals in the NNS.
🟪6 Voting Proposals each in the OpenChat & Dragginz SNSs.
Note: Analytics are calculated based on weekly indicators.
🟪TVL on NNS: 1.224 Billion USD [🔺1.6%]
🟪TVL on ICP DeFi By DefiLlama: 41.2M USD [🔺9.4%]
Updates from the DFINITY Foundation🔮
➡️A fireside chat on sovereignty & opportunities for economic development has been scheduled for the upcoming World Computer Summit aka ICP 4YA in Zürich.
➡️Pocket IC now allows running multiple tests from the same state.
➡️The foundation's leadership proposes milestone-based treasury withdrawals for SNS DAOs.
➡️ICPHUB US ships the latest edition of ICP United, also goes live on Spotify & Apple podcasts to cater to the audience beyond web3.
6/ Updates from the ICP ecosystem
➡️onicaiHQ will be live at WCS25, also ships an explanation on how proof of Artificial Intelligence works.
➡️Motoko to complete Aura days today with the one and only Motoko, based on the theme of creativity.
➡️Dragginz ships sneak peek on their upcoming NFT platform, also ships this week's technical updates.
➡️ICLightHouse ships Q4 2024 financial report.
➡️lastmjs and the emergent labs team are on the way to ship Azle v1.0 to production.
Well, that's all for today😇
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 #TradeOfTheWeek fam.
Unplug those wallets, and revoke your permissions as we meet the weekend 🥳
I'll see ya next week with your daily dose on ICP🫡
Until then, take care👋
