438k

Gmgmgm Square Fam!
This is the 93rd edition of #ICP Pulse [Season 3], your daily dose of all things Internet Computer.
We are just a week ahead on wrapping up this season💪
The key is to educate the masses on gud tech🚀
However,
It's time for our weekly recap, so buckle up as we head towards the trenches for advanced alpha and stats.
Let's go🫡

1/ $ICP Price Action

Gladly, this week's candle remains green, thanks to the traders.
Last week, after dipping to as low as 5.6 USD, we are now at 7.2 USD, accounting for a 30% increment since that event.
Now into the numbers:
Support: 6.8 -7.1 USD
Resistance: 7.3 - 8.0 USD
Other conditions: RSI casually sitting at 42, heading towards the neutral zone.
In addition, we must close this week's candle at least around 7.3 - 7.4 USD; otherwise, we must look out for next week's candle to continue the upward scenario.
Also, open interest is at its lowest level at 51M, with net positive funding rates as of press time.

Do note that we are discussing long-term price action here, due to the massive volatility in the cryptocurrency market.
Now, we wait🫡
As always, remember to do proper research before aping in AS THIS IS NFA🙏

2/ Onchain Stats
Sources: ICP Dashboard, TokenTerminal and ICTerminal

🟪Internet Identity Count

Hmm.
Not bad btw.
This week, although we saw a slight dip in this metric, the Internet Computer was able to onboard around 2.4K+ entities into the ecosystem.

🟪Burned ICP Stats

Well, another parabolic week on the Internet computer, where we saw 68K+ ICP, worth at least 497K USD vanishing from the circulation supply.

🟪Canisters Stats

Well, devs continue to cook🍳
As a result, this week we saw 8K+ canisters being activated in order to boost usage and utility across the Internet Computer Mainnet.
LFG

🟪Mcap vs Fees [Weekly] | tokenterminal

Steady marketcap and gud curve of fees, which is nice.
This results in 438K USD in fees, within this calendar week on ICP while ranging in an impressive 3.5B - 3.9B marketcap.

🟪Number of Active Addresses | ICTerminal

Activity keeps growing, and so did the active address count, resulting in 61K+ active addresses roaming across the ICP mainnet this week.

3/ NFT Stats
Sources: toniqMarket, bioniqMarket and yukuapp
Note: weekly calculations.
1️⃣Motoko Ghosts --> 🔺26 ICP
2️⃣BTC Flower --> 🔺29 ICP
3️⃣ETH Flower --> 7 ICP
4️⃣icbucks by EgidoVal --> 1.19 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 38.5 ICP
6️⃣ Goated Gamer by The_Swop --> 2K sats ckBTC
7️⃣Motoko Sentinels--> 0.00055 ckBTC
8️⃣Cubetopia Islands --> 🔺12 ICP
9️⃣Distrikt PODs --> 2.1 ICP
🔟ICP flower --> 7.5 ICP
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
Note: weekly recap, indicates weekly gains
🟣Gainers
➡️OpenFPL --> 0.0083 USD @ 840K USD Marketcap (🔺42%)
➡️Dragginz --> 0.0019 USD @ 15.2M USD Marketcap (🔺21.7%)
➡️Windoge98 --> 0.159 USD @ 1.5M USD Marketcap (🔺20%)
🟣Losers
➡️NFID --> 0.00517 USD @ 11M USD Marketcap (🔻26%)
➡️ICPanda --> 0.00286 USD @ 2.9M USD Marketcap (🔻20%)
➡️WaterNeuron --> 0.0873 USD @ 10.1M USD Marketcap (🔻10%)

5/ Inside the ICVerse🧑‍🚀
🟪9 Voting Proposals in the NNS.
🟪1 Voting Proposal each in the OpenChat, NFID, and GoldDAO SNSs.

Note: analytics are calculated on weekly indicators.
🟪TVL on NNS: 1.694 Billion USD [🔺5.4%]
🟪TVL on ICP DeFi By DefiLlama: 34.2M USD [🔻3.74%]

Updates from the DFINITY Foundation🔮
➡️The pattern-matching library for the Motoko programming language is now live.
➡️An explanation of how files can be directly stored on ICP is live via icp ninja.
➡️An algorithm that calculates BTC addresses through the ckBTC canister is now live, thanks to community dev mr_research_ag
➡️In addition, this week was full of excitement, from the SF office launch to Dr Jan Camensich and PierreSamaties' keynote speeches in the US🦅

6/ Updates from the ICP ecosystem
➡️FuelEV completes SNS swap with over 200K ICP being committed.
➡️DecideAI_ releases their new reputation system.
➡️A prediction market is in the works on kongswap.
➡️nobleblocks will be at web3amsterdam next march.
➡️OpenFPL publishes info on their upcoming rebranding along with many important updates.
➡️junobuild pepares to ship v0.0.44 to production.

So, Here I wrap up for the day😇
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 #BNBRiseContinues fam.

And finally, before you go...
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🫶

Now go unplug those wallets, and revoke your permissions as we meet the weekend 🥳
Btw, stay tuned for today's educational quiz✌️

I'll see ya next week with your daily dose on ICP🫡
Until then, Take care👋