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ICP / USD (Internet Computer) Coin Analysis 26/10/2021Fundamental Analysis: The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain. This major milestone means that the internet now functions as a decentralized global computer — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing tens of thousands of community members to govern the Internet Computer network. The purpose of the Internet Computer is to extend the public internet, so it can also be the world’s compute platform. Today, the internet is a network that connects everybody and everything, but systems and services currently run from private infrastructure. The scientific breakthrough behind the Internet Computer is Chain Key Technology, which encompasses dozens of advanced technology such as novel Consensus, Non-Interactive Distributed Key Generation (NI-DKG), Network Nervous System (NNS), Internet Identity, etc. Chain Key Technology consists of a set of cryptographic protocols that orchestrate the nodes that make up the Internet Computer. It is one of the fundamental breakthroughs behind the Internet Computer, enabling it to have a single public key. This is a huge advantage because it allows any device, including smart watches and mobile phones, to verify the authenticity of artifacts from the Internet Computer. In contrast, this is not possible for traditional blockchains. The single public key is just the tip of the iceberg: Chain Key Technology is the engine that drives the Internet Computer and makes its operation possible. It allows for adding new nodes to form new subnets to scale the network infinitely; replacing faulty or crashed nodes with new ones without ever stopping; reviving subnets even if too many nodes within have failed; and upgrading the Internet Computer Protocol seamlessly, allowing the network to fix bugs and add new features. The DFINITY R&D team has invented a new noninteractive key resharing protocol. Each of the old signers only needs to broadcast a single message to the new signers. To ensure that this is done securely, many concepts from advanced cryptography are utilized, including encryption with forward secrecy and noninteractive zero-knowledge proofs. Because it is noninteractive, the way the key resharing protocol operates is ideal for an asynchronous environment, and the benefits include key preservation. Throughout the lifetime of a subnet, it is known by a single public key, and the other parties on the Internet Computer do not have to keep track of changing public keys. At Genesis on May 10, 2021, the Internet Computer is supported by 48 independent data centers — located across North America, Europe, and Asia — running 1,300 nodes. The network will continue to grow exponentially to support the next generation of mega dapps, with 123 data centers running 4,300 nodes scheduled by the end of the year, and eventually thousands of data centers running millions of nodes to support the decade-long building out of the Open Internet. Importantly, anyone can become a node provider, interested parties apply for a Data Center ID (DCID) to the Network Nervous System (NNS), procure specialized machine nodes, install the ICP protocol, and connects to the Internet Computer network. The scientific breakthrough called Chain Key Technology allows the Internet Computer to run at web speed — where query calls execute in milliseconds, and update calls take 1-2 seconds to finalize. More importantly, at Genesis, the Internet Computer will have a block rate of 2.5 blocks per second (bps), then quickly to an industry leading bps of 10.3 bps, and ~1,000 bps by end of the year. In the case of an open version of Reddit running on the Internet Computer, when a user browses the forum, customized views of the hosted content would be formulated and served into their web browser by the execution of query calls, which run in milliseconds on a nearby node, providing a fantastic user experience. But when a user wishes to occasionally make a post, or provide a tip of tokens to the author of a post, this would involve update calls, which would take 1–2 seconds. ICP are native utility tokens that play three key roles in the network: Facilitating Network Governance: ICP tokens can be locked to create neurons that participate in network governance by voting, through which they can earn economic rewards. Production of Cycles for Compute: ICP provides a source store of value that can be converted into cycles; which power computation in the role of fuel that is burned when it is used. The NNS converts ICP to cycles at a variable rate, so chosen to ensure users of the network can always create new cycles at approximately constant cost in real terms, such that the cost of acquiring fuel is predictable. Rewarding Participants: The network mints new ICP to reward and incentivize those playing important roles that enable the network to function, including: a) the provision of voting rewards to those participating in governance, b) the provision of voting rewards; to those operating the node machines hosting the network, and c) other miscellaneous activities. What Do Cycles Do? Cycles power computation in the role of fuel. They also have a constant value over the long-term, which contrasts with ICP, whose value will naturally vary over time. Moreover, Cycles will be pegged to the SDR, which is a logical currency unit defined by the International Monetary Fund, and 1 SDR worth of ICP can be converted into exactly one trillion Cycles to power computation. What Do Neurons Do? A neuron locks a balance of ICP utility tokens and enables its owner to participate in network governance, through which they can earn voting rewards. Who Are the Natural Buyers for ICP Tokens? Token Holders who want to participate in network governance and earn voting rewards Developers who need to convert ICP tokens into Cycles to pay for computation. There will be 469,213,710 ICP tokens at Genesis. Circulating supply depends on the dynamics of the market. However, it is approximated to be 26% at Genesis. Genesis Initial State Token Allocations Early contributors: 9.50% Seed donations: 24.72% Strategic: 7.00% Presale: 4.96% Strategic partnerships: 3.79% Community airdrop: 0.80% Initial community and developer grants: 0.48% Node operators: 0.22% Internet Computer Association: 4.26% Team members: 18.00% Advisors and other third-party token holders: 2.40% DFINITY Foundation: 23.86%. How Does the Internet Computer Network Nervous System Work for Voting? The NNS works by receiving proposals and deciding to adopt or reject them based on voting activity by neurons; that network participants have created. Neurons are also used by participants to submit new proposals. After submission, proposals are either adopted or rejected, which can happen almost immediately or after some delay, depending on how the totality of neurons vote. What Are The Prominent Projects In The Internet Ecosystem? The Internet Computer launched with several high profile entrepreneurs and applications being built on it. These include: DeFi Enso Finance – Decentralized exchange that has raised $5mn Tacen – A high-performance non-custodial exchange that has raised $2.5mn SailFish – A gateway to open financial services Social Distrikt – A decentralized, professional social media network. It is the Open LinkedIn application shown off by DFINITY in Davos at WEF 2020 that is now being taken to market OpenChat – An open version of your standard chat app that is not owned by a large tech corporation CanCan – An open version of TikTok that shows the scalability and power of the Internet Computer Capsule – A decentralized social media platform which is safe from censorship that has raised $1.5mn Infrastructure Fleek – Allows easy building of open web sites and applications. 14,000 websites already running Pan-Industry Platforms Origyn – A pan-industry platform for tracking the provenance of luxury goods, starting with luxury watches. Dominic Williams is the Founder and Chief Scientist of DFINITY. He is a crypto theoretician, responsible for inventing Threshold Relay, Probabilistic Slot Consensus, and other novel crypto techniques, serial entrepreneur, and early member of the Bitcoin and Ethereum technical communities. Previously, he was President and CTO of String Labs, an incubator for venture-backed crypto projects, early pioneer of DeFi at Mirror Labs, and Founder and CEO of Fight My Monster, a MMO game for children that scaled to millions of users. He also founded several startups such as System7, Airdocs and Smartdrivez. Graduated King’s College London 1st in Class in Computer Science. What is the DFINITY Foundation? The Internet Computer was incubated and launched by the DFINITY Foundation, a not-for profit scientific research organization based in Zurich, Switzerland, comprised of the world’s top cryptographers and distributed systems and programming language experts, with nearly 100,000 academic citations and 200 patents collectively. Notable technologists at DFINITY include: Jan Camenisch, PhD (VP of Research) - world-renowned cryptographer & privacy researcher, led IBM’s Cryptography / Research department for 19 years Andreas Rossberg, PhD (Principal Engineer and Researcher) - the co-creator of WebAssembly and former team lead for the Google Chrome V8 engine Ben Lynn, PhD (Sr Staff Engineer and Researcher) - world-renowned cryptographer and Google Engineer, the “L” in BLS cryptography, the key signature system being used in Ethereum 2.0 Jens Groth, PhD (Principal Researcher) - world-renowned cryptographer, known for pioneering non-interactive zero knowledge proofs Timo Hanke, PhD (Principal Researcher) - creator of AsicBoost, one of the few proven algorithmic optimizations for Bitcoin mining Paul Liu, PhD (Staff Engineer) - architected Intel’s Haskell compiler and received his PhD under Paul Hudak, a key designer of Haskell * Johan Georg Granström, PhD (Director of Engineering) - former Sr Staff Software Engineer at Google responsible for scaling YouTube system infrastructure After public launch on May 10, 2021, the DFINITY Foundation will now be one of many organizations committed to improving and maintaining the Internet Computer network. The current CoinMarketCap ranking is #24, with a live market cap of $8,582,798,715 USD. It has a circulating supply of 174,363,085 ICP coins and the max. supply is not available. Technical Analysis: as you can see the coin has fallen heavily since its lunch and now it is literally at its lowest price, based on the valuable fundamentals we have decided to invest on this coin for a long term did. We have defined 4 new targets with Fibonacci Projection of the past Bullish Run and highest pick and lowest retracement dumps. The 3 TP gets confirmed as soon as the price touches the 161.8% of the same Fibonacci Projection followed by some retracement and price correction. 4 TP can be easily achieved as soon as the bull run starts and will be taken with some retracements. we can ultimately target the 2500$ as this is a new and effective environment which is capable of shooting to the higher price of its Initial offering.
Long
by BitonGroup
7
ICP/USD Main trend. Reversal zone. 911Logarithm. Time frame 1 week. The main trend (all trading history). Linear chart to illustrate the trend direction and reversal zones. Coin in coinmarketcap: Internet Computer ICP Same for comparison on a candlestick price chart. ICO 2018 Token Price: 1 ICP = 4 USD From maximum (liquid) pumping, the price is down -98.21% Shown are the two potential accumulation and distribution zones and the average percentages from them. Don't forget, the whole world is in an unprecedented artificial recession. The residual panic of capitulation has not yet occurred. If there is a significant but short-term rise in the markets, take advantage of it. Be aware of the phenomenon of "false trend reversals. Do not forget to comply with risk management. A sophisticated profit percentage and skillful management of the potential risk/profit ratio can significantly increase your trading depo. It is important how much you earn when you are right and how much you lose when you are wrong. Initially, before entering a trade you must know these potential values. If you can't determine them, or the risk is too big, you must refrain from trading. Secondary trend. Time frame 3 days. ICP/USD Channel 177d Reversal zone Party 911 Isle of Dogs Rocket All local and medium-term work in the reversal zone I showed in the idea of a secondary trend.
by SpartaBTC
60
ICP Breakout!! Bullish!ICP has broken out of its major downtrend and is now moving higher. As shown on the chart, it is currently at resistance and will need to flip that level before I can say it's likely to move higher. If this does get rejected, the next best place to long would be a retest of the diagonal lie that it broke out of. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
Long
by Navitility
Internet Computer (ICP) formed Gartley for upto 121% rallyHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer (ICP) with US Dollar pair. Recently I shared a short-term trade setup for ICP, which is still in play as below: At the same time, on a long-term weekly time frame, ICP has formed a bullish Gartley move for massive price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
Revolutionizing the Internet with the Best Blockchain TokenIntroduction: In the rapidly evolving digital landscape, blockchain technology has emerged as a transformative force. Among the numerous tokens available, ICP (Internet Computer Protocol) stands out as the pinnacle of innovation and efficiency. With its robust architecture and seamless integration capabilities, ICP is poised to revolutionize the internet and reshape the future for major corporations worldwide. Unveiling ICP's Potential: ICP, developed by the DFINITY Foundation, represents a paradigm shift in the decentralized internet space. By leveraging a unique combination of blockchain and advanced cryptography, ICP enables a multitude of applications, services, and smart contracts to run natively on the internet itself, eliminating the need for traditional centralized infrastructure. Enhancing Scalability and Security: One of the key advantages of ICP is its unparalleled scalability. Unlike many other blockchain networks, ICP is capable of accommodating massive numbers of users and applications without compromising performance. By utilizing advanced protocols, ICP ensures fast transaction processing and significantly reduces latency, making it the ideal solution for high-volume environments. Moreover, security is a paramount concern for any digital enterprise. With ICP, companies can enjoy enhanced security through the network's immutable and tamper-resistant nature. By providing a trustless environment, ICP eliminates the need for intermediaries, reducing the risk of data breaches and ensuring the integrity of transactions. The Future of Major Corporations with ICP: As we peer into the future, it becomes increasingly evident that major corporations will embrace ICP as the backbone of their digital operations. With its vast potential, ICP can revolutionize various industries, including finance, supply chain management, healthcare, and more. Financial institutions can leverage ICP to streamline payment systems, enabling faster cross-border transactions and reducing costs associated with intermediaries. Supply chain networks can benefit from ICP's transparent and auditable nature, ensuring traceability and authenticity throughout the entire process. Additionally, the healthcare sector can harness ICP's secure infrastructure to protect patient data, enable interoperability between systems, and enhance the efficiency of medical research. Conclusion: ICP, the crown jewel of blockchain technology, holds the promise of transforming the internet and empowering major corporations. With its unparalleled scalability, security, and versatility, ICP is poised to revolutionize industries and drive innovation. As the digital landscape evolves, embracing ICP as the best blockchain token is not just a choice but a strategic imperative for enterprises seeking to thrive in the future. Get ready to embark on a transformative journey with ICP, where the possibilities are limitless.
Long
by SophiaAnderson
Internet Computer ICP price has a chance to "get off its knees"?When will the ICP price finally come to life? Many investors are probably asking themselves this question, because since the listing of the ICPUSDT pair, its price has been falling all the time, from $600+ to the current $4 The team chose a bad time for listing, at the peak of 2021, and since then the cryptocurrency market was captured by a protracted downward trend. We have neither the desire nor the technical knowledge to delve into the fundamentals of the project, but we can share our thoughts on what we saw on the chart. For almost a year now, there has been a prolonged consolidation in the range of $3.30-8.30 . Consolidations usually involve a set of positions (both longs and shorts), and given that it is not too far from the current price to "zero", we can assume that a large long is being taken. It can also be assumed that a global Double Bottom pattern is forming, with a 1st global target of $17 , but this will clearly not happen soon. If you believe in the bright future of the Internet Computer project, then you can buy ICP for your investment portfolio. Conservative entry long above $7 Entering the long at a price below $7 is a great risk of getting stuck with a deposit in consolidation for months. In addition, the price of ICP can also easily update the minimum. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
26
✴️ Internet Computer Update After SEC Lawsuit MentionThere was a strong shakeout on this Altcoin after the SEC mentioned ICP in its list of "securities". I believe these claims/accusations won't stand in the long-run but they do have an effect on the market and that is a negative effect. As you already know, the SEC is suing everybody and claiming that everybody who is in the business of offering Cryptocurrency exchange services is actually selling securities... The battle is ongoing. Everybody has their own opinion but in the end the USA courts will have to decide. In my opinion Cryptocurrencies are Cryptocurrencies and Securities are Securities but I am just a simple nobody and thus it is worthless what I say... But it will be interesting to see the results of the Ripple vs SEC case. The same 1,2,3,4 Steps Pattern remain valid, we should experience soon a bullish wave. The attack on the market has already been priced in, but surprises can still happen along the way. Remember the stop-loss... There are thousands and thousands of other Altcoins and pairs available, until things become clear once again. It is wise to trade other things until these people finish their fight. It is nobody's fault but that's the game. Namaste.
CRYPTO:ICPUSDLong
by AlanSantana
Unleashing the Power of ICP Internet ProtocolIntroduction: In today's digital age, the internet has become an integral part of our lives, influencing how we communicate, work, and entertain ourselves. It is crucial to have an internet protocol that can meet the ever-growing demands of users and provide a seamless experience across various domains. Enter ICP Internet Protocol, the game-changing solution that emerges as the ultimate choice for internet, gaming, storage, and all other aspects of the digital world. Unparalleled Performance: ICP Internet Protocol excels in delivering unparalleled performance, catering to the needs of a diverse range of applications. Whether it's streaming high-quality video content, engaging in real-time gaming experiences, or accessing and storing massive amounts of data, ICP ensures fast and reliable connections, eliminating lags, buffering, and other latency issues. It sets the stage for a seamless and immersive digital experience. Scalability at its Core: ICP Internet Protocol is designed with scalability in mind. As the digital landscape continues to evolve and demands increase, ICP can effortlessly handle the growing user base and the surge in data traffic. This scalability ensures that users can enjoy uninterrupted access to online services, irrespective of the scale or complexity of their digital activities. With ICP, the internet becomes a limitless playground of possibilities. Decentralization for Empowerment: ICP embraces the power of decentralization, transforming the traditional internet paradigm. By leveraging blockchain technology and a decentralized infrastructure, ICP offers enhanced security, privacy, and control to users. No longer are individuals subject to centralized authorities and data monopolies. With ICP, users have full ownership and control over their digital lives, empowering them to protect their data, privacy, and online interactions. Gaming without Limits: ICP Internet Protocol is a game-changer for the gaming industry. Its scalability and decentralized nature ensure an unparalleled multiplayer gaming experience, where thousands of players can engage in immersive virtual worlds simultaneously. The integration of ICP with gaming platforms opens doors to new gaming mechanics, player-driven economies, and enhanced social interactions, revolutionizing the way we play and connect in the gaming universe. Unleashing Innovation: ICP Internet Protocol acts as a catalyst for innovation, providing a fertile ground for developers, entrepreneurs, and creators to bring their ideas to life. The decentralized nature of ICP fosters collaboration, enabling the development of groundbreaking decentralized applications (DApps) and services. From financial systems to supply chain management and social networks, ICP fuels a new wave of innovative solutions that transform industries across the board. Conclusion: ICP Internet Protocol emerges as the indisputable choice for a wide array of internet applications, from gaming and storage to communication and beyond. Its unmatched performance, scalability, decentralization, and innovation-driven ecosystem make it the go-to solution for individuals and businesses seeking a superior internet experience. Embrace the power of ICP and unlock a digital realm where possibilities are limitless, privacy is protected, and innovation knows no bounds. The future of the internet starts with ICP Internet Protocol.
Long
by SophiaAnderson
2
ICP Internet Protocol: The Ultimate Choice for Global InternetIntroduction: In a world where connectivity is paramount, having a robust and efficient internet protocol is essential. Enter Internet Computer (ICP), the revolutionary platform that presents itself as the best option for a global internet experience. With its advanced technology, scalability, and decentralized architecture, ICP stands at the forefront of redefining the way we connect and interact in the digital realm. Unleashing Global Connectivity: ICP's internet protocol is designed to transcend geographical boundaries and create a truly global network. By leveraging its decentralized infrastructure, ICP ensures that internet access is not limited to a select few, but is accessible to individuals and communities worldwide. This inclusivity fosters a more equitable and interconnected digital society. Enhanced Scalability: The scalability of ICP sets it apart from traditional internet protocols. With its innovative design, ICP can handle the ever-increasing demands of a global user base without compromising performance. This means faster and more reliable internet access, even during peak usage periods. Whether it's streaming high-definition content, conducting seamless video conferences, or powering resource-intensive applications, ICP's scalability makes it the ideal choice for a truly global internet experience. Decentralization and Security: One of the key strengths of ICP is its decentralized architecture. Traditional internet protocols often rely on centralized servers, making them vulnerable to single points of failure and potential security breaches. ICP eliminates this risk by distributing data and computation across its network, ensuring greater resilience and security. With ICP, users have more control over their data and can enjoy a heightened sense of privacy, free from the prying eyes of centralized authorities. Empowering Innovation: ICP's internet protocol fosters innovation by providing a platform for developers to build and deploy decentralized applications (DApps) and services. This enables a vibrant ecosystem where creativity can thrive, leading to the development of groundbreaking solutions that address real-world challenges. The open and permissionless nature of ICP encourages collaboration, allowing developers from around the world to contribute to its growth and evolution. Conclusion: In a world that relies heavily on the internet, having a global network that is scalable, secure, and inclusive is paramount. ICP's internet protocol emerges as the best option for achieving this vision. With its decentralized architecture, enhanced scalability, and focus on empowering users and developers, ICP paves the way for a truly global internet experience that is accessible, resilient, and innovative. Embrace the power of ICP and witness the transformation of the internet into a truly borderless and interconnected digital landscape.
Long
by SophiaAnderson
1
ICP: Double bottom confirmed and the token will take offIn today's interconnected world, the Internet has become an integral part of our daily lives. However, it is not without its limitations and challenges. Enter Internet Computer (ICP), the groundbreaking decentralized platform that is revolutionizing the digital landscape and offering a superior alternative to the existing internet. ICP is poised to unlock the full potential of the internet by introducing a decentralized and scalable architecture that redefines the way we interact online. By leveraging blockchain technology, ICP eliminates the need for intermediaries and central servers, creating a more secure, transparent, and efficient digital ecosystem. With ICP, users can enjoy a new level of privacy and control over their data. By decentralizing storage and computation, ICP ensures that user information is not vulnerable to single points of failure or exploitation. This distributed approach empowers individuals and businesses to reclaim ownership of their digital lives. One of the key advantages of ICP is its ability to support smart contracts and decentralized applications (DApps). This opens up a world of possibilities for developers, as they can build and deploy applications on the ICP network, taking advantage of its secure and scalable infrastructure. From finance and gaming to supply chain management and social networking, ICP provides a versatile platform for innovation. ICP's utility token fuels its ecosystem, incentivizing network participants and ensuring a vibrant and self-sustaining community. Token holders can actively contribute to the network's governance and decision-making processes, giving them a voice in shaping the future of the internet. As more individuals and businesses recognize the limitations of the traditional internet, the demand for alternatives like ICP continues to grow. By embracing ICP, users gain access to a decentralized, censorship-resistant, and highly scalable internet experience. The potential for innovation and disruption is immense. In conclusion, ICP represents a paradigm shift in the way we view and interact with the internet. Its decentralized architecture, robust infrastructure, and utility token ecosystem position it as the ultimate game-changer in the digital world. Embrace the power of ICP and join the movement towards a more open, secure, and inclusive internet. The future is here, and it's called Internet Computer.
Long
by SophiaAnderson
ICP THE CHANGE OF THE DIGITAL MARKETICP offers a unique and decentralized internet protocol that has the potential to revolutionize the way we interact with the online world. By leveraging its advanced blockchain architecture, ICP provides a scalable and secure platform for building and deploying applications, websites, and services. What sets ICP apart from traditional internet alternatives is its ability to eliminate the need for centralized servers. With ICP, users can access and interact with decentralized applications directly on the blockchain, ensuring greater transparency, security, and efficiency. This decentralized approach also reduces the risk of data breaches and censorship, offering a more democratic and inclusive internet experience. ICP's robust infrastructure and smart contract capabilities make it an ideal choice for developers and businesses seeking to build scalable and secure applications. The platform's flexibility allows for seamless integration with existing systems, enabling a smooth transition to a decentralized ecosystem. Furthermore, ICP offers a unique utility token that powers its network and incentivizes user participation. This token economy ensures a thriving ecosystem where users are rewarded for their contributions, fostering innovation and growth within the ICP community. As the digital landscape continues to evolve, ICP emerges as a frontrunner, presenting a compelling alternative to the traditional internet. Its decentralized nature, scalability, and security make it an attractive option for individuals, businesses, and developers alike. In conclusion, ICP's innovative approach to internet protocol, combined with its robust infrastructure and utility token, positions it as the best alternative to the existing internet. With ICP, the future of the online world is decentralized, secure, and transparent. Embrace the power of ICP and unlock a new era of digital possibilities.
Long
by SophiaAnderson
2
ICP: A Potential Token for the Next Version of GTA GameThe gaming industry has witnessed tremendous growth and innovation in recent years, with blockchain technology playing a significant role in revolutionizing the way games are developed and played. In this analysis, we explore the potential of ICP (Internet Computer Protocol) as a token and platform for the upcoming version of the popular game, Grand Theft Auto (GTA). ICP and Gaming: ICP, a decentralized network built on the Internet Computer, offers a unique blend of security, scalability, and interoperability, making it an attractive choice for game developers. Its robust infrastructure provides the necessary foundation for hosting complex online multiplayer games, making it a promising candidate for the next iteration of GTA. Security and Trust: One of the key advantages of utilizing ICP as a gaming platform is its focus on security and trust. Blockchain technology inherently offers transparent and immutable transactions, preventing cheating and fraud within the game environment. With ICP's strong security features, players can have confidence that their progress, achievements, and in-game assets are protected, enhancing the overall gaming experience. Scalability and Performance: GTA is known for its massive open-world environment, bustling with activities and interactions. ICP's scalable architecture enables seamless gameplay and supports a vast number of concurrent players. This scalability ensures that the game world can accommodate a thriving player base without compromising performance, resulting in an immersive and dynamic gaming experience. Interoperability and In-Game Economy: ICP's interoperability capabilities allow for seamless integration of in-game economies, enabling players to trade, buy, and sell virtual assets securely. With ICP as the underlying token, players can engage in a vibrant marketplace for GTA's virtual goods, fostering an active and player-driven economy. This opens up new avenues for customization, enhancing player engagement and satisfaction. Community and Development Support: ICP boasts a thriving community of developers and enthusiasts who are actively involved in expanding the platform's capabilities. By leveraging this community and its expertise, game developers can tap into a vast pool of resources and knowledge, accelerating the creation of new features, expansions, and improvements for the GTA game. The collaborative nature of ICP's community ensures a constantly evolving and innovative gaming experience. Conclusion: In conclusion, ICP's Internet Computer Protocol presents itself as a promising token and platform for the next version of GTA. Its focus on security, scalability, interoperability, and community support makes it an excellent choice for game developers looking to create immersive and engaging gaming experiences. By utilizing ICP, the GTA game can take advantage of blockchain technology's benefits, revolutionizing the way players interact, trade, and immerse themselves in the virtual world.
Long
by SophiaAnderson
2
🔥 ICP Falling Wedge Break Out: High Risk Reward PotentialICP has been selling off for nearly a month now. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so that's why we're looking bullish. Wait for the price to break out and close outside of the pattern before considering an entry. Looking at 4.90 for now. Target placed at 6.80 for optimal risk-reward of 11.18, but could be 6.20 or 5.45, depending whether you want a higher probability trade.
Long
by FieryTrading
5
FUTURE ICP X1000The Internet Computer (ICP) is an ambitious project aiming to revolutionize the way we think about decentralized computing. It envisions a future where the internet itself becomes a powerful and scalable computer, enabling a wide range of decentralized applications and services. One of the key advantages of the Internet Computer is its ability to provide a secure and tamper-proof environment for running applications. By leveraging blockchain technology, the ICP creates a trustless and transparent platform that can execute smart contracts and host decentralized applications with the utmost integrity. This decentralized nature eliminates the need for intermediaries, reducing costs and enhancing security. Scalability is another crucial aspect of the Internet Computer. Traditional blockchain platforms often struggle with scalability limitations, leading to congestion and high transaction fees. However, the ICP aims to overcome these challenges by utilizing a unique protocol called Chain Key Technology, which allows for horizontal scalability. This means that as the network grows, its capacity to handle more users and transactions expands, ensuring a smooth and efficient user experience. Moreover, the Internet Computer promotes interoperability among different systems and protocols. It aims to create a unified internet ecosystem where various applications and services can seamlessly interact and share data. This interoperability opens up new possibilities for collaboration, innovation, and the creation of decentralized applications that can leverage the strengths of multiple platforms. Additionally, the Internet Computer empowers developers by providing a rich set of tools and resources to build and deploy decentralized applications. Its developer-friendly environment supports multiple programming languages, making it accessible to a wide range of developers with different skill sets. This inclusivity encourages creativity and diversity in the development community, leading to a vibrant ecosystem of decentralized applications. As the Internet Computer continues to evolve, it has the potential to disrupt various industries, such as finance, governance, supply chain, and more. It offers the promise of a decentralized internet that is resilient, transparent, and accessible to all. With its scalability, interoperability, and developer-friendly approach, the Internet Computer is poised to shape the future of decentralized computing. In conclusion, the Internet Computer (ICP) holds great promise as a transformative technology in the realm of decentralized computing. Its focus on security, scalability, interoperability, and developer empowerment positions it as a significant player in the evolving landscape of blockchain-based platforms. As the Internet Computer continues to mature and gain adoption, we can anticipate exciting developments and innovative applications that harness the full potential of decentralized computing.
Long
by SophiaAnderson
2
Potential Support RangeICP has experienced a decline in price over the past month, failing to maintain its dynamic support. As a result, the price continued to decrease until reaching the support range of $4.60 to $4.87. The chart reveals a noteworthy trend whereby the willingness and ability of buyers to drive up the price diminishes with each interaction at this support level. This suggests that the likelihood of this support range signaling the end of the corrective phase has decreased. Furthermore, it is important to consider the current RSI level, which stands at 40. The RSI is a technical indicator used to assess the strength and momentum of price movements. A reading of 40 indicates a moderate level of downward pressure or selling activity. While the selling pressure is not extreme, it suggests a relatively balanced relationship between buyers and sellers in the market. In light of these factors, it is worth exploring a lower support range in the vicinity of $4.47 to $4.13, which demonstrates greater strength compared to the initial support level. Additionally, in terms of timing, the price has approached the boundaries of the corrective phase. This implies that the price may experience a positive and favorable reaction from these levels in the coming weeks.
by MonoCoinSignal
3