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Just 7 months in the past, ICP created a phenomenon on social media when its launch with the worth reaching $700.65 on 10 May 2021, making it to the highest 10. But the truth quickly got here crushing down only a month later when it fell to the native all time low on 27 June 2021 at $30.09. It's not the underside but, one other all time low was recorded on 21 Jul 2021 at $28.72. Is this sufficient all-time-low but? No. ICP slipped into one other all time low earlier this month at simply $24.29, down 96.5% from all time excessive. ICP is now sitting at a market cap of $5B, at the moment ranked thirty seventh. At its top in May, its market cap was $18.5B. In phrases of growth information, there was only a few and insignificant updates. The newest information is 2 weeks in the past, through which it said 3D NFTs make their technique to ICP. No important milestone, no actual supply or actual outcomes. ‘3D’ NFTs make their way to the Internet Computer (ICP) network – CryptoSlate Another information is in relation to $172,000 NFT. It's hardly something, in comparison with another NFTs that had been bought for a number of tens of millions. The Simmetri report scored ICP a C- and said "Monthly token unlocks are expected to drive the price down further", "The project remains underdeveloped as a whole even after years of work" and "Given DFINITY’s progress so far, even at current prices, the project looks significantly overvalued. As a result, we expect that the token price will continue to slide and do not recommend buying it." Simetri report on ICP, as featured on CMC What do you assume? Will ICP slip to additional all time low information within the subsequent yr? submitted by /u/milonuttigrain |
