23.97

Gmgmgmgm Square Fam!

This is the 20th 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

Well, this week, the price action has tried its best to ascend further, but it seems like it's still waiting for those god-level volumes so that it can proceed.
Now, into the numbers.
Support: 5.6 - 5.8 USD
Resisstance: 6.5 - 7.0 USD
Other conditions: As of now, the price is required to regain 7.36 USD or above in order to continue the upside.
In addition, RSI is sitting at 49ish, while a potential bounce will occur if it rises over 45, but its also noticeable to see low volumes, which can also lead to a sudden dip to as low as 4.8 USD.
Now, we 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

This week was another impressive one, thanks to the parabolic growth, which accounts for 2.4K entities onboarding the network within the week.

Burned ICP Stats

This accounts for 50.7K ICP, worth 294.5K USD, vanishing from the circulation supply, which leads for a growth of 5%, compared to the previous week.

ckBTC Stats

This week, ckBTC saw massive inflows, which resulted of 23.97 BTC worth 2M USD🤯 entering the Internet Computer.
This is huuuge🦅

Mcap vs Fees [Weekly] | tokenterminal

This week, the network was able to generate 262K USD in fees while ranging in a 3.0B - 3.29B MCap range, which is nice.

Number of Active Addresses | ICTerminal

Within the week, the network oversaw 52.5K unique addresses roaming across the mainnet.

3/ NFT Stats
Sources: DGDG and bioniq
1️⃣Motoko Ghosts --> 🔺48.5 ICP
2️⃣BTC Flower --> 28.99 ICP
3️⃣Peeladies --> 🔻1.7 ICP
4️⃣icbucks by EgidoVal --> 🔺1.5 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 🔺50 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 stats indicate weekly changes
🟣Gainers
➡️Kongswap --> 0.023 USD @ 23.3M USD Marketcap (🔺160%)
➡️Windoge98 --> 0.17 USD @ 1.6M USD Marketcap (🔺51%)
➡️ICFC --> 0.012 USD @ 1.2M USD Marketcap (🔺42%)
🟣Losers
➡️NFID --> 0.001 USD @ 2.2M USD Marketcap (🔻27%)
➡️Sonic --> 0.011 USD @ 1.4M USD Marketcap (🔻17%)
➡️DecideAI --> 0.012 USD @ 12M USD Marketcap (🔻11%)

5/ Inside the ICVerse🧑‍🚀
🟪2 Voting Proposals in the NNS.
🟪8 Voting Proposals in the ICFC SNS.

Note: Analytics are calculated based on weekly indicators.
🟪TVL on NNS: 1.373 Billion USD [🔺6.8%]
🟪TVL on ICP DeFi By DefiLlama: 32.4M USD [🔺14.6%]

Updates from the DFINITY Foundation🔮
➡️The foundation appoints the legend KyleStoflet as the new lead of ICPHUB US.
➡️The global town hall program is live.
➡️An explanation of the Neon milestone is live.
➡️A survey on governance around Service Nervous Systems is live.

6/ Updates from the ICP ecosystem
➡️vUSD is live on ICPSwap
➡️GoldDAO to ship staking to production.
➡️Kongswap ships Q1 2025 recap
➡️onicaiHQ ships an explanation on how the Proof of Artificial Intelligence Work Protocol works

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 #BinanceLaunchpoolGUN 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👋