GM Binancians!
This is the 55th edition of #ICP Pulse [Season 4], your daily dose of all things Internet Computer.
Today, we will deep dive into all things weekly.
Buckle up, Let's go🏇
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, ngl this looks very indecisive, because this week's candle should takeover the previous candle in order to form a bullish engulfing pattern, so the price action can continue its upside, but do notice that still comparatively higher volumes are required at this case.
Now, into weekly numbers.
Support: currently sitting between 5.2 - 5.8 USD
Resistance: starting from 5.9 and ranging to as high as 6.5 USD
Other conditions: today's derivatives volumes on coinglass is sitting at approximately 83.89M USD, with net positive funding rates.
At this stage, volume seems to be a crucial factor in terms of a strategic standpoint, so for now we wait.
As always, remember to do proper research before aping in AS THIS ANALYSIS IS SOLELY FOR EDUCATIONAL PURPOSES, AND IS NFA🙏
2/ Onchain Stats
Sources: ICP Dashboard, TokenTerminal, and ICTerminal
Neurons Stats
Within the week, the Internet Computer saw around 1.7K neurons being spawned in order to prepare for decentralized governance on the network.
Burned ICP Stats
Another week of acceleration towards deflation on the IC.
This accounts for 32.3K ICP, worth 184K USD vanishing from the circulation supply.
GG!
Mcap vs Fees | TokenTerminal
Damn, this chart is on fire fam🔥
This week, fee revenue on the network saw exponential growth, accounting for 129K USD, while maintaining a stable marketcap ranging from 2.7 - 2.87B USD.
3/ NFT Stats
Sources: DGDG, Toniq and bioniq
1️⃣Motoko Ghosts --> 🔻40 ICP
2️⃣BTC Flower --> 44🔺 ICP
3️⃣Peeladies --> 2.95 ICP
4️⃣icbucks by EgidoVal --> 1.73 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 🔻75 ICP
6️⃣Goated Gamer by The_Swop --> 3K sats ckBTC
7️⃣Motoko Sentinels--> 0.00048 ckBTC
8️⃣Cubetopia Islands --> 15 ICP
9️⃣Distrikt PODs --> 1.5 ICP
🔟Charles by onicai --> 0.0007 ckBTC
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
Note: stats indicate weekly changes.
🟣Gainers
➡️CryptoClouds --> 0.003 USD @ 1.3M USD Marketcap (🔺96%)
➡️ICEx --> 0.013 USD @ 13.1M USD Marketcap (🔺50%)
➡️Kinic --> 1.06 USD @ 6.5M USD Marketcap (🔺11%)
🟣Losers
➡️PersonalDAO --> 0.05 USD @ 1M USD Marketcap (🔻20%)
➡️Motoko --> 0.086 USD @ 4.7M USD Marketcap (🔻13%)
➡️Dragginz --> 0.0015 USD @ 12M USD Marketcap (🔻7%)
5/ Inside the ICVerse🧑🚀
🟪12 Voting Proposals in the NNS.
🟪3 Voting Proposals in the Motoko SNS.
Note: Analytics are calculated based on weekly indicators.
🟪TVL on NNS: 1.323 Billion USD [🔺8%]
🟪TVL on ICP DeFi By DefiLlama: 46.8M USD [🔺14%]
Updates from the DFINITY Foundation🔮
➡️The agenda for WCS25 is live, with an exciting array of events.
➡️The legends at ICPHUB US ships the latest episode of ICP United.
➡️The summary from the latest discussion from the Decentralized Artificial Intelligence working group meeting is live.
➡️The developer weekly update is live.
➡️A hackathon prep course has been shipped to developer docs.
➡️ICP bridged assets reaches an ATH Marketcap, according to santimentfeed.
6/ Updates from the ICP ecosystem
➡️ICPSwap burns 547K governance tokens worth 4K USD.
➡️Snassyicp ships new package for the Motoko Programming Language.
➡️Valarie Carrillo onboards ICP HUB US as an ambassador.
➡️ICToolkit adds support to allow creation of sub addys through the portal.
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 #ETHMarketWatch fam.
Unplug those wallets, and revoke your permissions as we meet the weekend 🥳
I'll see ya next week with your daily dose on ICP🫡
Until then, take care👋
