$ICNT After being listed on Binance Alpha & Contracts, opened at 0.42 and dropped by about 50%, then violently rebounded to above 0.3, currently with a circulating market value of 54 M, which is roughly 1/10 of the financing valuation of 470M, a significant discount. By the way, one of the investors is NGP Capital, an early investor in Xiaomi, and is compliant with Switzerland/EU regulations.

ICN Protocol aims at the cloud computing market, targeting to challenge AWS and build a decentralized cloud infrastructure for Web3 @ICN_Protocol @ICN_China Current annual revenue is 7 million USD, with over 1000 clients, and nodes covering more than 140 countries globally; there are already 29,000 HyperNodes running continuously in the network.

After the launch of Alpha, $ICNT has experienced initial emotional release, and on-chain data shows that the holding distribution is highly concentrated. Current price is 0.26, after breaking through 0.273, the next resistance is at 0.32, it can be assumed that 0.26-0.34 is a fluctuation range, with room to move up – old fans are familiar with this operation, right?

Short-term view is fluctuation, long-term view is bullish. Because, projects with real income and top-tier VCs, with the mainnet launch, staking acceleration, and business contracts being implemented, will gradually drive the price back to fundamentals.