DFINITY Foundation Introduces $5M Grant to Support Decentralized AI on Internet Computer Blockchain

The DFINITY Foundation, a not-for-profit science and technology organization and major contributor to the Internet Computer blockchain (ICP), announced the launch of a $5 million decentralized artificial intelligence (DeAI) grant to support projects leveraging AI on ICP.

Timeline of Internet-computer

Internet Computer (ICP) price jumped to the highest level since June 5th. The token soared to a high of $4.51, which was about 35% above the lowest level in June. Its total market cap jumped to over $1.9 billion, making it the 31st biggest cryptocurrency in the world.

ICP price analysis on June 14, 2023, revealed a prominent bullish trend, suggesting a favorable trajectory for the cryptocurrency due to advantageous momentum within the market. During a series of hours, ICP exhibited consistent and elevated price levels, followed by an abrupt surge from $3.595 to $4.017.

ICP price analysis on June 13, 2023, an analysis of the price of Internet Computer (ICP) indicated a noticeable bullish trend, implying an upward trajectory for the cryptocurrency as a result of favorable momentum in the market.

The price of Internet Computer (ICP) experienced a downward movement dropping by 41.98% to a low of $5.05 on April 26, 2023. This was after a significant surge from April 10 to April 19, when it started the downtrend.

Internet Computer (ICP) is trading red, hovering around the $5.6 price mark today, May 2, 2023. According to its daily chart, the bearish trend began two days ago, following three-day bullish moves.

Data shows the Internet Computer (ICP) social dominance has hit a 23-month high, a sign that a local top may be here for the cryptocurrency. Internet Computer Investors Are Showing Signs Of Euphoria According to data from the on-chain analytics firm Santiment, a large number of investors are talking about ICP following its recent bullish momentum.

Internet Computer (ICP) price has emerged as one of the best-performing cryptocurrencies during the weekend. The coin jumped to a high of $6.80, the highest point since April 19th. It has soared by more than 30% from the lowest point this week.

ckBTC brings layer-2 capabilities to Bitcoin, providing faster and cheaper transactions on the Internet Computer while also ensuring greater security and decentralization than other BTC-pegged tokens.

Delve into the Internet Computer (ICP) protocol, its impact on democratizing web infrastructure, advancements in smart contracts, developer frontier, and lessons from its trajectory.

While the broader market sentiment struggles with uncertainty and a majority of the crypto coins have witnessed significant correction in the last two weeks. Despite this downfall, we have hand-picked some of the Defi tokens showcasing strong bullish patterns.