Velda Taneja LfGl

Gmgmgmgm Square Fam!
Welcome to the 50th episode of The #ICP Pulse Season 3, your daily dose of all things on ICP.
make sure you read this episode carefully, as there might be something surprising today😉
But, 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🫶
Now, without further ado, Let's get into today's episode🚀

1️⃣ $ICP Price action

Hmm, very interesting.
The price action has entered the thick liquidity band offering some resistance, what I meant by this is its huge range, from 14 USD to 16 USD, accounting for 10%.
Since the last bottom, we are also up by 116%, 115.88% to be precise.
Atm, I will wait for some movements, while also looking towards some profit-taking at the middle of this range.
Now, let's look into the open interest chart from coinglass 👇

In case you are new to these charts, have look on the marks I've added to the above chart.
Yes, historically when these two metrics crossover, there was a rally.
I want you to take some notes✍️
Now, we wait.
As Always, NFA SO DYOR 🫡

2️⃣Onchain Stats

Sources: IC Dashboard and ICTerminal

🟪Internet Identity Count

Brooooo🤯
1.8K entities onboarding the IC within just 24 hours, that's insane🚀
Ngl, since I started The ICP pulse, about a year ago, this has hit a daily all-time high.
Congratulations ICP fam, we are gmi🫡

🟪Burned ICP Stats

3.49K ICP worth 48K USD vanished from the circulation supply as of press time.
FYI, burns happen in many ways.
when devs convert ICP into cycles, that fuel canister smartcontracts, to offer a gas-free UX to users.Each TX on the IC burns a portion of the fee.Users run Blockchain on Blockchain applications by activating sandboxes called miners, which results in users doing the same as 1️⃣

🟪Neurons Stats

Imo, not bad.
The ICP community activated around 548 neurons as of press time, in order to prepare for governance.
Neurons are simply locked ICP tokens, which should be locked for a minimum of 6 months to a maximum of 8 years to receive voting power.
Once locked they are illiquid until the dissolve delay, which is when the pre-set timer runs out.
For example, let's say user A activates and neuron with 1 ICP for 2 years, they can now participate in governance on the IC, while receiving voting rewards.
But if A wants to get hands-on with that ICP token, the dissolve delay should be activated.
Let's say the dissolve delay was activated today, exactly 2 years from now the ICP token basket gets unlocked.
I hope this was a gud explanation🫡

🟪Number of active addresses

Activity on the IC surges as macros recover.
As of press time, there were 7.8K active addresses on the mainnet.

3️⃣NFT Stats
Sources: Toniq, Bioniq and Yuku
1️⃣Motoko Ghosts --> 🔺21.9 ICP
2️⃣BTC Flower --> 🔻37.9 ICP
3️⃣ETH Flower --> 7.9 ICP
4️⃣Dcity--> 11 ICP
5️⃣Poked Bots by pokedstudiouk --> 🔻7.89 ICP
6️⃣ Goated Gamer by The_Swop --> 2K sats ckBTC
7️⃣Motoko Sentinels--> 0.00045 ckBTC
8️⃣Cubetopia Islands --> 🔻9.5 ICP

🆕9️⃣Distrikt PODs --> 1.64 ICP
🔟ICP flower --> 9.9 ICP

4️⃣Gainers and Losers
Source: ICPcoins and ICPTokens
🟣Gainers
➡️querio_io --> 0.146 USD @ 327K USD Marketcap (🔺13.8%)
➡️yuku --> 0.0120 USD @ 12M USD Marketcap (🔺13.6%)
➡️ghost_icp --> 0.000305 USD @ 2.8M USD Marketcap (🔺8.4%)

🟣Losers
➡️sonic_ooo--> 0.0802 USD @ 10.1M USD Marketcap (🔻24.1%)
➡️dragginzgame --> 0.00357 USD @ 28.5M USD Marketcap (🔻16.5%)
➡️icp_cc--> 0.161 USD @ 161K USD Marketcap (🔻12.5%)

5️⃣Inside the ICVerse🧑‍🚀
🟪 Voting Proposals in the NNS.
🟪 6 Voting proposals in the sonic_ooo SNS.
🟪3 Voting Proposals each in the OpenChat and Yral_app SNSs.
🟪2 Voting Proposals each in the kongswap and DecideAI_ SNSs.

🟪TVL on NNS: 3.473 Billion USD [🔺4.73%]
🟪TVL on ICP DeFi By DefiLlama: 73.65M USD [🔺3.1%]

🟪Updates from the DFINITY Foundation🔮
➡️The foundation's yapignolet and paul_meeusen were at thecryptovalley yesterday for a keynote speech on The future of payments.
➡️The foundation is set to host two developer office hours today at 8 AM UTC and 19:30 UTC in Discord.

6️⃣Updates from the ICP ecosystem

➡️ junobuild ships the latest blog post on all its new features.
➡️icphub_VN team was live at Edtech by Medoo_global
➡️icphub_IN is live at IBWOfficial
➡️WaterNeuron announces upcoming plans on the forum.
➡️dragginzgame completes the Blockworld editor.
➡️ICLighthouse ships a blog post on their OAMM pools.
➡️lendfinity_xyz activates LP for dragginzgame and sonic_ooo
➡️The_swop announces the arrival of ShawMakesMagic and DreamingLucid22 at the DAO-liday party.
➡️stevekimol ships the latest tutorial on how to create ICRC-1/2 tokens and how devs can integrate it into their dApps.

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 #2024WithBinance fam.

I'll see ya tomorrow with your daily dose on ICP :)

Until then, Take care👋

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