Gmgmgmgmgm Binancians!
This is the 68th edition of #ICP Pulse [Season 4], your daily dose of all things Internet Computer.
Today, we will deep dive into important alpha from the eco.
Let's go🫡
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
Ah shoot, here we go again.
The price action just slid below the EMAs, heading to the negative territory.
Currently the support range is readjusted from 4.8 to 5.3 USD, while resisstance is set to 5.4 - 6.0 USD, as of press time.
Now, lets have a look on this chart from coinglass:
As you can see here, historically crossover between open interest and the price action has led to a positive price action, but as of now, this is yet to happen, and for this to happen until OI hits above 87M USD.
For now, this seesms kidna underleveraged, but funding rates are headed to negativity, and can decline further if macros don't improve, it is what it is, but just make sure you are safe in this volatile timeframe.
As always, do note that this analysis is solely for educational purposes, so ensure you do the necessary due diligence🙏
2/ Onchain Stats
Sources: ICP Dashboard and ICTerminal
Neurons Stats
Nice, impressive wave🌊
Within the last 24 hours, the network saw 320 neurons being spawned to prepare for governance.
Burned ICP Stats
Wen 2M ser? hopefully soon 😉
Within the last 24 hours, the network saw approximately 2.4K ICP, worth 12.4K USD as of press time, evaporating from the circulation supply.
Active addresses on mainnet | icterminal
The metric is headed to a local bottom, which should hopefully head back and be up and running soon :)
As of press time, there were around 6.7K unique addresses, actively roaming across ICP mainnet.
3/ NFT Stats
Sources: DGDG, Toniq and bioniq
1️⃣Motoko Ghosts --> 39.9 ICP
2️⃣BTC Flower --> 43 ICP
3️⃣Peeladies --> 1 ICP
4️⃣icbucks by EgidoVal --> 1.8 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 49.9 ICP
6️⃣Goated Gamer by The_Swop --> 3K sats ckBTC
7️⃣Motoko Sentinels--> 0.00039 ckBTC
8️⃣Cubetopia Islands --> 16 ICP
9️⃣Distrikt PODs --> 1.7 ICP
🔟Charles by onicai --> 0.00065 ckBTC
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
🟣Gainers
➡️NFID--> 0.0015 USD @ 3.3M USD Marketcap (🔺15%)
➡️Nuance--> 0.01 USD @ 1.1M USD Marketcap (🔺6%)
➡️Taggr-->1.4 USD @ 448K USD Marketcap (🔺3%)
🟣Losers
➡️Querio--> 0.028 USD @ 105K USD Marketcap (🔻13%)
➡️Kinic --> 0.92 USD @ 5.7M USD Marketcap (🔻9%)
➡️ICFC --> 0.01 USD @ 1M USD Marketcap (🔻7%)
5/ Inside the ICVerse🧑🚀
🟪0 Voting Proposals in the NNS.
🟪3 Voting Proposals in the Motoko SNS.
🟪TVL on NNS: 1.20 Billion USD [🔻4.7%]
🟪TVL on ICP DeFi By DefiLlama: 38.6M USD [🔻3.2%]
Updates from the DFINITY Foundation🔮
➡️The Low WASM Memroy lifecycle hook is now live on the Internet Computer.
➡️A startup kit for developing on the network has been published.
➡️ICToolkit receives spotlight for their work towards accelerating the movement of Service Nervous Systems.
➡️The legendary Pierre Samaties conducted a session at Binance Campus Montenegro.
➡️The visionary Dominic Williams publishes an article about Self Writing Apps and the SWI mainfesto.
6/ Updates from the ICP ecosystem
➡️The Origyn team wlll be live at WAIB Summit in Monaco.
➡️Kongswap ships latest prediction market update.
➡️onicaiHQ ships latest update on funnai.
➡️ICPSwap ships v3.6.1 to production.
So, 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 the #GENIUSActPass Fam.
I'll see ya tomorrow with your daily dose on ICP🫡
Until then, take care👋
