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Gmgmgmgm Square Fam!

This is the 16th edition of #ICP Pulse [Season 4], your daily dose of all things Internet Computer.
It's time for all things weekly on the IC

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

It's nice to see that last week indicated a local bottom while reaching as low as 4.8 USD, before settling at 5.27 USD, as of press time.
Now, into the numbers.
Support: 5.7 - 6.2 USD
Resisstance: 6.8 - 7.3 USD
Other conditions: RSI is sitting at 38ish, while derivatives trading volume sees a sharp drop, but still having net positive funding rates is interesting.
Still, the weekly chart requires increasing volumes and taking over each EMA, before establishing the base for a potential run to the upside, so it's better to wait.

Note that we are discussing long-term price action here, due to the massive volatility in the cryptocurrency market.
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

Well, this accounts for 5.4K entities onboarding the Internet Computer within the week, which accounts for an impressive +28% growth of this metric, compared to the last week.

Burned ICP Stats

Niceee.
We are already headed toward 1.5M ICP being burned since mercury genesis.
However, this accounts for 48.2K ICP, worth 274K USD vanishing from the circulation supply, within the week.
As of this month, around 527K ICP was minted, and 258K ICP has burned so far, which means almost 50% of the initial mint vanished, hinting at a potential road toward deflation.
LFG

Mcap vs Fees [Weekly] | tokenterminal

Throughout the week, the IC was able to generate 250.8K USD in fees, while maintaining a steady marketcap ranging between 2.95B - 3.1B USD
Impressive.

Number of Active Addresses | ICTerminal

This week, the mainnet saw 54.8K unique addresses actively roaming across the network.
LFG
3/ NFT Stats
Sources: DGDG and bioniq
1️⃣Motoko Ghosts --> 🔺40 ICP
2️⃣BTC Flower --> 29 ICP
3️⃣Peeladies --> 2.2 ICP
4️⃣icbucks by EgidoVal --> 1.25 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 40 ICP
6️⃣Goated Gamer by The_Swop --> 3K sats ckBTC
7️⃣Motoko Sentinels--> 0.00043 ckBTC
8️⃣Cubetopia Islands --> 15 ICP
9️⃣Distrikt PODs --> 1.4 ICP
🔟Charles by onicai --> 0.00085 ckBTC
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
Note: weekly recap, indicates weekly gains
🟣Gainers
➡️Motoko --> 0.04 USD @ 2.3M USD Marketcap (🔺210%)
➡️Cloud --> 0.001 USD @ 448K USD Marketcap (🔺126%)
➡️Windoge98 --> 0.113 USD @ 1.1M USD Marketcap (🔺32%)
🟣Losers
➡️ICPCC --> 0.1 USD @ 106K USD Marketcap (🔻22%)
➡️Alice --> 0.055 USD @ 2.2M USD Marketcap (🔻20%)
➡️ICVC --> 0.514 USD @ 10.2M USD Marketcap (🔻13%)

5/ Inside the ICVerse🧑‍🚀
🟪1 Voting Proposal in the NNS.

Note: Analytics are calculated based on weekly indicators.
🟪TVL on NNS: 1.285 Billion USD [🔺4.3%]
🟪TVL on ICP DeFi By DefiLlama: 28.3M USD [🔺9.8%]

ICPEx SNS Swap is live [Ends in 4 days and 8 hours]
The decentralized liquidity network on the Internet Computer.

➡️Minimum commitment: 1 ICP
➡️Maximum commitment: 100K ICP
➡️Overall commitment [including Neurons Fund]: 139.9K ICP
➡️Minimum direct commitment to complete the swap: 138.9K ICP
➡️Total supply: 1B ICX
➡️Supply allocated to the Swap: 150M ICX

Updates from the DFINITY Foundation🔮
➡️An explanation of the ignition milestone is live.
➡️ICP will be live as part of the ongoing Binance Traders Boot Camp stage 3.
➡️The foundation's kristoferlund ships an explanation on VetKeys, and also requests the community to check out the new tooling and demos.
➡️oisy ships v1.3.2 to production.

6/ Updates from the ICP ecosystem
➡️The Swop ships the latest news episode updated on Goated Gamer and all things OdinFun.
➡️WaterNeuron surpasses 1.1k hodlers and also has 696K ICP locked up in the 8Y neuron.
➡️MotokoGhosts on a mission to get all the NFTs to the control of the DAO
➡️DGDG ships V3 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 #BNBChainMeme fam.

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👋