GM Binancians!
This is the 76th 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, thanks to the push from Bitcoin's ATH momentum, the price action of ICP saw a huge green candle this week, which is noticeably nice.
In the context of weekly, these are the ranges that you should have your eyes on.
Support: 4.5 - 5.3 USD
Resistance: 5.6 - 6.2 USD
Other conditions: RIS in 46ish, indicating neutral territory.
In addition, derivatives volumes are at an all-time high, having reached 136M, a 51% increase compared to the last 24 hours, while OI now stands at 91M USD.
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
ckBTC Stats
This week was a historic momentum for the Internet computer, as the ckBTC supply on mainnet hit an all time high, with 351.57 BTC worth 38.6M USD in Bitcoin TVL residing on the network, as of press time.
In the context of this week, this accounts for 19.6 BTC, worth 2.1M USD, arriving at the network.
Burned ICP Stats
Excellent!
This week, the ICP community, together with the devs, was able to burn 18.6K ICP, worth 102K USD, as of press time.
Mcap vs Fees | TokenTerminal
This week, protocol fees ascended, while maintaining a relatively stable marketcap.
Fees were sitting at 70K USD, while MCap ranged between 2.6 - 2.8B USD
GG!
ICP Transfer Volume on Mainnet | icterminal
Within this week, the network saw around 19.9M ICP exchanging hands.
That some serious volume ngl🤝
3/ NFT Stats
Sources: DGDG, Toniq, and bioniq
1️⃣Motoko Ghosts --> 🔻38 ICP
2️⃣BTC Flower --> 45 ICP
3️⃣Peeladies --> 🔻1.9 ICP
4️⃣icbucks by EgidoVal --> 1.8 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 🔻46 ICP
6️⃣Goated Gamer by The_Swop --> 3K sats ckBTC
7️⃣Motoko Sentinels--> 0.000398 ckBTC
8️⃣Cubetopia Islands --> 15 ICP
9️⃣Distrikt PODs --> 2.7 ICP
🔟Charles by onicai --> 0.00065 ckBTC
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
Note: stats indicate weekly changes.
🟣Gainers
➡️Funnai --> 0.36 USD @ 133K USD Marketcap (🔺91%)
➡️ICLighthouse --> 0.04 USD @ 8.3M USD Marketcap (🔺29%)
➡️DecideAI_ --> 0.012 USD @ 12.7M USD Marketcap (🔺25%)
🟣Losers
➡️NFID --> 0.0006 USD @ 1.3M USD Marketcap (🔻15%)
➡️ICExplorer --> 0.002 USD @ 2.7M USD Marketcap (🔻10%)
5/ Inside the ICVerse🧑🚀
🟪1 Voting Proposal in the NNS.
🟪3 Voting Proposals in the GoldDAO SNS.
Note: Analytics are calculated based on weekly indicators.
🟪TVL on NNS: 1.27 Billion USD [🔺9%]
🟪TVL on ICP DeFi By DefiLlama: 41.3M USD [🔺10%]
Updates from the DFINITY Foundation🔮
➡️The foundation is all set for he caffeine session at SF, announces new panel discussion.
➡️A huge shoutout to the DecideAI_ team for their spotlight at CNN.
➡️The vetKeys livestream recording is live.
➡️The latest episodes of the Builder interview sessions are live.
➡️oisy ships v1.5.9 to production.
6/ Updates from the ICP ecosystem
➡️dragginzgame publishes the latest technical update.
➡️onicaiHQ publishes an explanation on how funnai's miner algo works.
➡️kongswap publishes the latest prediction market.
➡️OmnityNetwork publishes community call recap.
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 #BTCBreaksATH family.
Unplug those wallets, and revoke your permissions as we meet the weekend 🥳
I'll see ya soon with a new pack of exciting alpha🤝
Until then, take care👋
