Internet Computer (ICP) Dips, Will Bearish Momentum Persist?

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.

Timeline of Internet-computer

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.

Once popular in the crypto community, Internet Computer is gaining traction again, as its price is slowly recovering amid shaky market conditions. When it launched, Internet Computer (ICP) protocol garnered immense interest within the crypto community.

The Internet Computer's native cryptocurrency ICP is certainly one to watch given the discount it has received in the last few weeks. Moreover, it is now approaching a key support level and there are signs of a potential pivot in the works.

Internet Computer [ICP] has been outperforming other cryptos for several months now, in terms of Github commits. ICP topped the list of the most active cryptos on Github for the last three months, which was commendable.

If you are looking to spread out your investments in the crypto market, the metaverse is one of the segments to consider. The Internet Computer (ICP) might be one of the crypto projects to consider especially now that it tops the list of metaverse projects by market cap.