The Internet Computer (ICP) token has been performing well despite a market downturn, with a 16% increase in value over the past week. However, there are indications that a reversal may be on the horizon, potentially threatening recent gains. Investors are hopeful for a positive trend in October, but there is uncertainty regarding the token's resistance and support levels. The relative strength index (RSI) suggests that a pullback is imminent for ICP. Additionally, ICP has surpassed other Layer 1 platforms in terms of network activity and generated fees, attributed to projects like bob.fun built on top of ICP. The Founder and Chief Scientist of the DFINITY foundation highlighted the platform's stability and reliability, further fueling expectations for increased network activity.
- Content Editor ( newsbtc.com )
- 2024-09-30
Internet Computer (ICP) Continues Upward Trajectory With 16% Rally