Gmgmgmgm Square Fam!
This is the 29th edition of #ICP Pulse [Season 4], your daily dose of all things Internet Computer.
It's time for all things weekly on the network.
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, it seems like the price action found a potential local bottom at this point.
obviously, we have to have either a higher high or a god green candle.
Atm, there is nothing much that we can do, other than having a tank of hopium.
But here are the numbers for easier reference, in terms of a potential upside, from a weekly perspective.
Support: 4.4 - 5.0 USD
Resisstance: 5.5 - 6.4 USD
Other info: still requires steadily improving volumes, else things may flip tables, unexpectedly.
In addition, derivatives volumes are going down, with a negative 20% today alone, but the funding rates have turned to the net positive territory.
Now, we wait for some settlements around the macros and some liquidity inflows for alts.
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
Another week with exponential growth, where almost 4K entities onboarded the Internet Computer.
Full send💪
Burned ICP Stats
Well, almost headed to 1.6M, which should be done and dusted possibly within the next week or so.
In terms of this week, the network saw 10.3K ICP, worth 49.7K USD at these price ranges, evaporating from the circulation supply.
Just in case you are new here, most of the ICP burns happen when developers have to convert their ICP into cycles, which then becomes essentially fuel/gas for the canister smart contracts they are working on, in return giving the end users a gas-free UX.
Also, we have the BoB folks who run their miners on the Internet Computer, and finally, each transaction fee on ICP is partially burned to support this initiative.
Mcap vs Fees [Weekly] | tokenterminal
This week accounts for 216.9K USD in fees, with a marketcap ranging between
2.4B - 2.7B USD.
Nice.
Number of New Addresses | ICTerminal
Well, a little bit of cooldown.
But this week, the network saw 48.6K unique addresses actively roaming across the mainnet.
send it
3/ NFT Stats
Sources: DGDG and bioniq
1️⃣Motoko Ghosts --> 🔻37 ICP
2️⃣BTC Flower --> 30 ICP
3️⃣Peeladies --> 🔺2.1 ICP
4️⃣icbucks by EgidoVal --> 1.75 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 50 ICP
6️⃣Goated Gamer by The_Swop --> 3K sats ckBTC
7️⃣Motoko Sentinels--> 🔺0.00049 ckBTC
8️⃣Cubetopia Islands --> 15 ICP
9️⃣Distrikt PODs --> 1.5 ICP
🔟Charles by onicai --> 0.00085 ckBTC
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
Note: stats indicate weekly changes.
🟣Gainers
➡️Sonic --> 0.028 USD @ 3.5M USD Marketcap (🔺207%)
➡️Motoko --> 0.09 USD @ 5.4M USD Marketcap (🔺107%)
➡️ICExplorer --> 0.003 USD @ 3.9M USD Marketcap (🔺80%)
🟣Losers
➡️ICFC --> 0.007 USD @ 754K USD Marketcap (🔻55%)
➡️Windoge98 --> 0.11 USD @ 1.1M USD Marketcap (🔻23%)
➡️BoB --> 0.523 USD @ 8.8M USD Marketcap (🔻12%)
5/ Inside the ICVerse🧑🚀
🟪2 Voting Proposals in the NNS.
🟪3 Voting Proposals in the DecideAI_ SNS.
Note: Analytics are calculated based on weekly indicators.
🟪TVL on NNS: 1.154 Billion USD [🔻15.9%]
🟪TVL on ICP DeFi By DefiLlama: 29.0M USD [🔻10.5%]
Updates from the DFINITY Foundation🔮
➡️The foundation went live with Liquidium yesterday.
➡️Meeting minutes from yesterday's Decentralized Artificial Intelligence technical working group are live.
➡️An explanation on how HTTPS outcalls work with canisters was published.
➡️The legends at ICPHUB US, KyleStoflet and Web3Biebert, ship their latest weekly series, ICP United.
➡️Weekly Motoko dev tip is live.
➡️oisy ships v1.3.7 to production.
➡️Dr JanCamensich was live at Paris Blockchain Week.
6/ Updates from the ICP ecosystem
➡️bitfinitynet ships explanation on Metaprotocols.
➡️The legendary pokedstudiouk ships sneak peek on the Poked Bots.
➡️Kongswap ships short-term predictions to production.
➡️onicaiHQ ships explanation on funnai.
➡️odoc reaches 1.17K userbase milestone for the month.
➡️ICPanda ships an explanation on their A2A protocol
Well, that's all for today😇
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 #BinanceSafetyInsights fam.
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👋
