Is ICP a "King" or "Dead" project?
ICP is known as a king-level project. It peaked when it was launched. It was forced to be listed by major exchanges in the middle of the 22-year bull market and has been advancing all the way. However, it did not show the king's style of the strong getting stronger. In the later period, it fell miserably and was once ridiculed as a "dead" project. So is it really so bad? Can it regain its glory in this bull market? Let us wait and see!
ICP coins are the governance tokens of the Internet Computer project. They can be used to participate in governance: you can lock them in "voting neurons" to put them in the network nervous system (NNS). Voting neurons receive voting rewards. In the liquid democracy plan, ICP coins can be used to vote manually or configured to vote automatically following other neurons.
The problem of ICP at this stage is the unhealthy chip structure. Similar to the early ETH, it is quite normal to experience a long-term wash for more than two years (Vitalik still couldn't hold it when ETH was washed in the early days). ICP takes a very, very long time, and there is a possibility that it will not be realized in the end. If you go all in now, there is still a lot of gambling involved. Of course, if you bet right, you may get 10,000 ICPs in 5 years, which is the same as your current 10,000 ETHs. You will also become a big shot and achieve financial freedom. Who knows?
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