GM Everyone!
This is The 73rd episode of The
#ICP Pulse [Season 3], your daily dose of all things ICP.
Presenting this week's weekly recap🫡
Today, we will explore some advanced alpha, look into the weekly TA, and some other interesting stuff.
Now, I want you to grab a cup of coffee, sit back, relax, and get reading🚢
Ready?
Let's go⚡
But, before we start...
I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing.
This will help me provide you with more quality information, thank you🫶
Now, without further ado, Let's get into today's episode🚀
1/
$ICP Price Action
Well, today we are into this weekly chart, while the price action prepares to wrap up the week with a beautiful green candle.
It's impressive to see that the most crucial support zones tend to hold harder, despite macroeconomics and other related factors.
Now, into the numbers [weekly, in terms of the upside]
Support: 10.2 -10.8 USD
Resistance: 11.8 -12.2 USD
Other conditions: may require higher levels of volumes that should surpass current levels, as these are well-known liquidity bands.
In addition, positive funding rates were found in Binance for the trading pair.
Now, we wait 🫡
As always, Not Financial Advice, So DYOR🫡
2/ Onchain Stats
Sources: IC Dashboard, TokenTerminal and ICTerminal
🟪Internet Identity Count
This week, the IC was able to absorb 6.1K entities while maintaining the parabolic approach in the charts.
Very nice.
🟪Burned ICP Stats
This metric is full send as always.
Within this week, the IC saw 69.4K ICP worth 770K [that's almost 1M 🤯] vanishing from the circulation supply.
As of press time, the ICP burning rate sat at 5.1K TCycles per hour, which means around 596 ICP is burned per hour at these rates.
🟪Mcap vs Fees [Weekly]
According to this chart from tokenterminal, the IC saw impressive growth in protocol fees, compared to the steady market cap growth.
This week accounts for 665K USD worth of fees on the IC, which is up by 🔺+9.3%
compared to last week.
🟪Number of New Addresses
Well, according to this chart from icterminal, the number of new addresses on the IC hits an all-time high of 17K addresses, this week.
It's noticeable to say that this was the 4th consecutive week of this metric rising through ATHs.
3/ NFT Stats
Sources: toniqMarket, bioniqMarket and yukuapp
1️⃣Motoko Ghosts --> 🔻26 ICP
2️⃣BTC Flower --> 29 ICP
3️⃣ETH Flower --> 6 ICP
4️⃣icbucks by EgidoVal--> 🔺1.2 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 37 ICP
6️⃣ Goated Gamer by The_Swop --> 2K sats ckBTC
7️⃣Motoko Sentinels--> 0.000645 ckBTC
8️⃣Cubetopia Islands --> 🔻8.9 ICP
9️⃣Distrikt PODs --> 2.4 ICP
🔟ICP flower --> 🔺7.5 ICP
4/ Gainers and Losers
Source: ICPcoins and ICPTokens
Note: weekly recap, indicates weekly gains
🟣Gainers
➡️Yuku --> 0.0117 USD @ 11.7M USD Marketcap (🔺15.59%)
➡️Dragginz --> 0.00294 USD @ 23.5M USD Marketcap (🔺12.5%)
➡️ICPSwap --> 0.0190 USD @ 18.8M USD Marketcap (🔺12.6%)
🟣Losers
➡️DecideAI_ --> 0.0353 USD @ 34.7M USD Marketcap (🔻21.5%)
➡️Kongswap --> 0.0439 USD @ 44M USD Marketcap (🔻19.8%)
➡️WaterNeuron --> 0.156 USD @ 18.2M USD Marketcap (🔻3.7%)
5/ Inside the ICVerse🧑🚀
🟪3 Voting Proposals in the NNS.
🟪2 Voting Proposals each in the OpenChat and Motoko SNSs.
🟪TVL on NNS: 2.564 Billion USD [🔺5.95%]
🟪TVL on ICP DeFi By DefiLlama: 41.15M USD [🔻15.7%]
🟪 FomoWell SNS Swap is live [Ends in 1 day, 7 hours]
Fomowell aims to be the fair launch platform for Web3 projects on the ICP blockchain.
➡️Minimum commitment: 1 ICP
➡️Maximum commitment: 100K ICP
➡️Overall commitment [including Neurons Fund]: 112.1K ICP
➡️Minimum direct commitment to complete the swap: 20K ICP
➡️Total supply: 1B WELL
➡️Supply allocated to the Swap: 200M WELL
🟣Participants of the swap will receive 3 equal value neurons, each with a dissolve delay of 0,3 and 6 months respectively
NFA SO DYOR 🤝
🟪Updates from the DFINITY Foundation🔮
➡️The recorded episode of the Plasma NS Milestone, where the legends Kyle Langham, Andrew Chepreghy, and Jennifer Tran from the foundation, SnassyICP from icsneed, Wyatt from Kinic and Gorazd from kongswap sat together to discuss the session is now live.
➡️The latest episode of the developer weekly updates are now live in the blog.
➡️The foundation's CBO PierreSamaties was at cfcstmoritz for a keynote speech
➡️The periodic confirmations update is now live on the NNS.
6/ Updates from the ICP ecosystem
➡️Bitfinity publishes the latest blog with highlights with their latest AMA with oooo_money.
➡️Sonic to resume the AMA series, starting today.
➡️PlugWallet ships v2.3.6 to production
➡️WaterNeuron upates the logo for nICP
➡️demali_icp ships a JSON parser for the Motoko programming language.
➡️Kongswap adds support for onramping
➡️Monthly fees on the IC 3xed within the last quarter, according to tokenterminal charts.
➡️ICExplorer completes integration of ICPTokens
So, Here I wrap up for the day😇
Hats off for staying this far🫡
Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially to our
#TrumpCountDown fam.
Now go unplug those wallets, and revoke your permissions as we meet the weekend 🥳
Btw, stay tuned for today's educational quiz✌️
I'll see ya next week with your daily dose on ICP🫡
Until then, Take care👋