ICP: Big Drop or Big Opportunity? A Spot Trader’s View on $ICP 🔎

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📄 Post Content:

🧠 Recently, $ICP (Internet Computer Protocol) showed a massive candle on the 1M chart — jumping from $2831 to $2.8, but this seems to be a chart glitch or anomaly. In reality, ICP has been trading around $4.5–$5 range for weeks.

So the big question is:

Is this a broken project, or a hidden gem?

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📌 Quick Fundamentals:

$ICP is a Layer-1 blockchain designed to run smart contracts at web speed.

Backed by DFINITY Foundation, it had strong hype during its 2021 launch.

Current price: ~$4.76

ATH (All-Time High): ~$750+

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📉 Why the price dropped:

Early investors unlocked tokens and massively sold off in 2021

Lack of mainstream adoption

Over-hype + under-delivery issues

But — it’s still active, and developers are working on decentralized apps (dApps) and canister smart contracts.

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💬 My Spot Trading View:

👉 At this level (~$4.7), ICP is:

Oversold on long-term charts

In consolidation

A possible re-entry point for patient spot investors

💡 I don't use futures or leverage. For me, spot is enough — less risk, more control.

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⚠️ DYOR Always:

This is not financial advice. Study the fundamentals, roadmap, and volume before buying. Avoid hype. Buy only if you understand what you’re investing in.

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🟡 Are you holding or avoiding $ICP?

👇 Comment and let me know your view. Is it dead, or a long-term bounce candidate?