Internet Computer ends the week as a top gainer, but how can the price move?

Internet Computer ends the week as a top gainer, but how can the price move?
фото показано с : coinjournal.net

2022-7-12 22:20

Internet Computer Protocol has returned 25% in a week

Internet Computer powers smart contracts and dapps

Technical indicators support a surge, but the crypto sentiment remains weak

Internet Computer Protocol ICP/USD has been a top gainer in the last seven days. With a return of more than 25%, the cryptocurrency could be on its way to recovery. Bullish signs are there, although the general crypto sentiment is weak.

Internet Computer prides itself on being an open-source blockchain network. Users can deploy smart contracts and create scalable dapps on the network. ICP, the native token of the platform, allows users to participate in the governance framework. 

ICP skyrocketed last year at the height of the crypto boom. It traded at highs above $630 in May 2021 before crashing back. At the current price of $6.5, ICP is a shell of itself. Seemingly, the latest crypto crash has hit ICP more than most cryptocurrencies. The price touched a bottom of around $5 last month. We believe the latest gains are positive for ICP, but investors should remain cautious in the bearish market.

ICP technical analysis as moving averages join a support

Source – TradingView

Technically, ICP is bullish as the price recovers from the $5.0 bottom. The 14-day and 21-day moving averages support the price reaffirming a bullish push. Besides, the MACD line crossed above the moving average in line with the bullish momentum. We believe $5.0 is the level to watch as ICP gains bullish momentum. However, crypto sentiment remains weak. ICP could correct temporarily downwards before resuming the uptrend. The price may reverse at the 14-day or 21-day moving average.

Summary

The Internet Computer Protocol is showing bullish signs. However, crypto sentiment remains weak, and the price could fall back. Monitor price action at the short-term moving average. The reference bottom price for the cryptocurrency is $5.0.

The post Internet Computer ends the week as a top gainer, but how can the price move? appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Advanced Internet Blocks (AIB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.24 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0083535 (-100%)

internet computer week price move ends gainer

Источник: coinjournal.net

internet computer → Результатов: 126


Фото:

Internet Computer (ICP) and Injective (INJ) up as crypto market rebounds, InQubeta nears $13M in presale

The crypto market didn’t start the week on a positive note, as Bitcoin (BTC) corrected from $70,000 levels to around $65,000. However, the situation seems to have stabilized in the last 24 hours, with some top altcoins like Internet Computer (ICP) and Injective (INJ) showing gains of 9% and 5%, respectively.  This comes as the highly […]

2024-4-4 13:00


Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It’s Possible

Upon its launch, Internet Computer took the crypto market by storm. It’s an ambitious project, supported by some major names in the industry. Designed and created by the DFINITY Foundation, it aims to give more power to the people over the Internet, and it could potentially take it into a new stage powered by its platform.

2021-9-20 12:00


Фото:

Dfinity официально запускает децентрализованный «Internet Computer»

После нескольких лет ожидания швейцарская некоммерческая организация Dfinity запускает «Internet Computer» – децентрализованную сеть для компьютерных вычислений.

2021-5-9 11:04


Dfinity Project Hits Mercury Milestone, Launching Its ‘Internet Computer’ Mainnet

Dfinity, a startup that has been building the ‘Internet Computer’, launched its Mainnet quietly on Dec. 18 according to a blog post update from the company’s founder Dominic Williams. The firm which was valued at around $10 billion last year enjoys the backing of heavyweight VCs such as Polychain Capital and Andreessen Horowitz.

2021-1-8 00:04


Фото:

Dfinity без огласки запустил основную сеть «интернет-компьютера»

В прошлом месяце блокчейн-проект Dfinity провел "решающий начальный этап децентрализации" своего "интернет-компьютера", запустив основную сеть. On December 18, 2020, the decentralization of the Internet Computer’s public network (aka mainnet) was initialized, as per the Mercury milestone.

2021-1-7 15:30


Фото:

Microsoft: Russian government hackers are targeting IoT devices

Microsoft today warned that Russian government hackers have been using video decoders, printers, and internet of things devices to breach computer networks. In a blog post, the Microsoft Threat Intelligence Center wrote that the “devices became points of ingress from which the actor established a presence on the network and continued looking for further access.

2019-8-6 03:36


Фото:

Untamed Crypto Could Be the Wonder Drug for Open Source Development

Many in the crypto industry, whether it be financeers or computer science majors, have yet to crack the code of blockchain’s killer app. Will it be tokenized real estate, dismantling large Internet companies, or something in between? At this year’s WeAreDevelopers conference in Berlin, Germany, one of the major themes was how to encourage openRead MoreRead More.

2019-6-7 10:30


Фото:

Mozilla rolls out new automated crypto-jacking filtering in Firefox

Popular browser solution Mozilla Firefox is finally rolling out its long-awaited system for stopping internet baddies from secretly mining cryptocurrencies with your computing resources. As of today, users of Firefox‘ Nightly and Beta browsers are equipped with the option to automatically block crypto-jacking scripts (like the infamous CoinHive).

2019-4-9 15:59


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

AI firm DecideAI deploys OpenAI’s GPT-2 on Internet Computer (ICP) blockchain

In a pioneering move, DecideAI has successfully deployed OpenAI’s GPT-2 model on the Internet Computer (ICP) blockchain, marking the first instance of a complete AI model being hosted on-chain. This achievement opens new possibilities for decentralized AI applications, particularly in healthcare, finance, and education as the world of blockchain technology continues to evolve. A milestone […]

Bitfinity pioneers Bitcoin-Ethereum integration with EVM compatibility

Bitfinity Network has announced a groundbreaking development in the blockchain space by enabling Ethereum Virtual Machine (EVM) compatibility on the Internet Computer (ICP) platform. This move allows for seamless integration of Ethereum’s smart contract functionality with Bitcoin-based assets, marking a significant milestone in cross-chain interoperability.