The cryptocurrency, Internet Computer (ICP), has been in various news spectrums painting different prospects of its future. A beginner's guide was noted, while others signaled negative divergence that threatens further decline. Some predictions estimate that the ICP price might reclaim the $15 mark in Q3 2024, while other news indicates 10% price drops as DFINITY Foundation unveils updated roadmaps. The Internet Computer founder claimed that 95% of competing blockchains are 'just junk'.
Meanwhile, the ICP has started making strides in blockchain engagement in Africa. Even with the price dropping below $16, the ICP has shown signs of hope with a possible price surge to the $10 mark, which could mark the beginning of a new bull run. This optimism is further reinforced by the launch of Internet Computer's new service expected to boost the ICP price. Other market analysts speculate a possible increase towards the $20 threshold by April 2024.
Concurrently, there are developing innovations such as the integration of threshold-Schnorr signatures for enhanced Bitcoin operations. Other significant announcements include the launch of Verified Credentials for privacy-centric Web3, and the DeFI Technologies' subsidiary's launch of Internet Computer Protocol's physical-backed staking Exchange-Traded Product (ETP). There's also a greater focus on the ICP's increased interoperability of blockchain and AI, and the provision of GDPR-Ready Infrastructure. However, some analysis signals that persistent bearish momentum could send the ICP price below $10.
Internet Computer ICP News Analytics from Tue, 14 Nov 2023 19:29:28 GMT to Thu, 08 Aug 2024 19:48:19 GMT - Rating -3 - Innovation 1 - Information -2 - Rumor 0
