ICP Price Analysis July 2022
ICP is a native coin of the platform Dfinity. The platform is a not for profit organization dedicated to building the Internet Computer Blockchain.
Its current price is around $5.51 by the time of writing, with a low of $4.67, and has a market cap of 1.6 billion dollars. DFINITY Foundation is a not-for-profit organization developing technology for the Internet Computer blockchain to support it.
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What is Dfinity?
The DFINITY Foundation is a not-for-profit organization developing the DFINITY blockchain. The foundation aims to provide technology for the Internet Computer, which will use blockchain to offer a decentralized computing solution on the cloud. We plan to create a blockchain singularity where every system will be rebuilt and reimagined using blockchain and running entirely on an infinite public blockchain without traditional IT.
What is ICP?
ICP is the coin of the Dfinity platform, which is around $5.51 by the time of writing, with a low of $4.67. It reached a high of $86.86, and its current ranking is #37 according to CoinMarketCap, with a market cap of 1.6 billion dollars. ICP is a set of protocols that allow data centers worldwide to work together and provide a decentralized alternative to the current centralized services.
ICP Coin Market Analysis
ICP has a total supply of coins worth around $5.51 with a market volume of 39 million dollars, whereas the market capitalization is 1.6 billion dollars at writing.
ICP Price Prediction
ICP price predictions predict that the price will increase steadily over the next decade and surpass $100. On the 1D timeframe, the price action of $ICP/USDT consolidates inside the descending triangle chart pattern. We must wait for a successful breakout or breakdown to confirm its next move.
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Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.