Internet Computer slipped into one other all time low ($24.29), now down 96.5% from ATH and out of high 35. Almost each market indicators seems unfavourable with very modest information on growth. “The undertaking stays underdeveloped as a complete even after years of labor”

Internet Computer slipped into one other all time low ($24.29), now down 96.5% from ATH and out of high 35. Almost each market indicators seems unfavourable with very modest information on growth. “The undertaking stays underdeveloped as a complete even after years of labor”

Internet Computer slipped into another all time low ($24.29), now down 96.5% from ATH and out of top 35. Almost every market indicators looks negative with very modest news on development. "The project remains underdeveloped as a whole even after years of work"

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.

Coingecko data about ICP

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.

PokedStudio recently auctioned off a range of digital bots on an NFT marketplace, with the highest sale raking in 3,000 ICP – BeinCrypto

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
[link] [comments]

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: