Internet Computer (ICP) has been experiencing a variety of events that may shape its future trajectory. Aimed at simplifying crypto transactions and facilitating faster web speed, ICP had a surge in price due to high burn rates, becoming attractive to crypto investors. Yet, some analysts anticipate that ICP could struggle in long-term price predictions, specifically in 2025. The founder of ICP, dismissive of the capabilities of many other blockchains, defended ICP as a serious player in the market. The
DFINITY Foundation also revealed an updated roadmap for future advancements of the coin. However, despite the bullish sentiment, the coin faces the risk of dropping below key support. A major shift occurred when
Bittensor's TAO toppled ICP to become the second-largest AI Coin, signalling that investors might be looking into other AI-driven cryptos. Furthermore, investors released large quantities of ICP to join in investing in a predicted 1000x
Meme Casino Coin, and others used their explosive profits from ICP on ICO gambling coins. In terms of innovation, ICP attempted to strengthen its position by implementing
Threshold-Schnorr Signatures to enhance Bitcoin integration. Furthermore, ICP's
Chain Fusion Day was announced as a part of EthCC Side Event to spotlight the future of Unified Web3 Experiences and hosting a successful Hackathon, leading to noteworthy advancement in
Web 3.0 Innovation. On a more challenging note, many ICP whales diverted their attention and investments towards rival tokens and other AI coins.
ICP Coin News Analytics from Fri, 22 Mar 2024 07:00:00 GMT to Wed, 16 Oct 2024 12:06:52 GMT -
Rating -3
- Innovation 6
- Information 3
- Rumor 0
