Gmgmgmgm Square Fam!
Happy Monday!
Welcome to the 38th episode of The #ICP Pulse Season 3, your daily dose of all things on ICP.
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🫶
Let's get into today's episode🚀
1️⃣ $ICP Price action
Daaammmnn🤯
Bruh that's a huge wick I've seen after a long time in my crypto journey.
What remains a obstacle now is that this ressistance zone is a huge barrier, as its now stronger, being tested over 6 times in the history of the ICP price.
But in terms of TA, as we can see here the [price has been trying to crack this range in a rapid pace so it feels like the traders had enough and wants to breakthrough.
For confirmation, I will wait for some green candles to pop in this range to adjust the strategy accordingly.
So, to make this more interesting we need to crack this ressistance zone with high volumes.
Until that we are likely to chop sideways.
To get a better impression on what happened here, lets grab some charts from coinglass futures data.
Open Interest on ICP Futures👇
This chart looks clean and ready for an upside, as there is no gap between the ICP Price and Open Interest metrics, which indicates that over leverage has been flushed and the pair is now stable for a run.
Liquidations Chart👇
Ah. got the culprit. so that was a long squeeze, which likely impact the price action.
As of press time funding rates remain neutral, siting at 0.0224% on Binance Futures, USDT margined pair.
Now, we wait.
As Always, NOT FINANCIAL ADVICE, SO DYOR🙏
Now we head to,
2️⃣Onchain Stats
🟪Total Canister State
At the beginning of the year the canister state sat around 3 TiB [Tebibytes] and it has grown 2.1x since then, while reaching and all time high today.
This metric strongly demonstrates the compute power of the IC as it prepares to take the stage as the world computer.
🟪Burned ICP Stats
The ICP community along with the devs continue to cook harder than ever.
While devs burn ICP to fund canister smart contracts so users don't have to pay gas fees, the degens continue to fiddle with Blockchain on Blockchain applications.
As a result over 8.6K ICP were burned within the weekend.
Speaking of numbers, that's 78K USD as of press time.
🟪Neurons Stats
Interesting parabolic approach.
Within the weekend, the ICP community was able to fuel up over 292 neurons to help secure the consensus algorithm.
3️⃣NFT Stats
Sources: Toniq, Bioniq and Yuku
1️⃣Motoko Ghosts --> 🔺27 ICP
2️⃣BTC Flower -->🔺45 ICP
3️⃣ETH Flower --> 9 ICP
4️⃣Pythagoras by icircle_nft--> 1 ICP
5️⃣Poked Bots by pokedstudiouk --> 🔺10.99 ICP
6️⃣ Goated Gamer by The_Swop --> 0.000027 ckBTC
7️⃣Motoko Sentinels--> 🔻0.00061 ckBTC
8️⃣Cubetopia Islands --> 🔻12 ICP
9️⃣Modernistic Villas by Nomadz_co --> 4.5 ICP
🔟ICP flower --> 10 ICP
4️⃣Gainers and Losers
Source: ICPcoins and ICPTokens
🟣Gainers
➡️BOB --> 0.344 USD @ 3.1M USD Marketcap (🔺17.6%)
➡️DecideAI --> 0.0654 USD @ 51.5M USD Marketcap (🔺6.23%)
➡️Yral --> 0.0126 USD @ 12.9M USD Marketcap (🔺4.21%)
🟣Losers
➡️Taggr--> 2.1 USD @ 659K USD Marketcap (🔻16.5%)
➡️Magic Conch Shell--> 6.44 USD @ 64.3K USD Marketcap (🔻15%)
➡️Gold DAO--> 0.0573 USD @ 57.1M USD Marketcap (🔻13%)
5️⃣Inside the ICVerse🧑🚀
🟪3 Voting Proposals in the NNS.
🟪2 Voting Proposals each in the GoldDAO, Sonic and Openchat SNSs.
🟪5 voting proposals in the Catalyze SNS.
🟪8 voting proposals in the DecideAI SNS.
🟪6 voting proposal in the Seers SNS.
🟪1 voting proposal each in the Kinic and Yral SNSs.
🟪TVL on NNS: 2.204 Billion USD [🔺3%]
🟪TVL on ICP DeFi By DefiLlama: 53.26M USD [🔺0.92%]
🟪DFINITY announced,
➡️The foundation will go live today on YT at 4PM CET with updates on the Tokamak, Beryllium and Stellarator Milestones.
➡️A feedback form on DFX the CLI for ICP development has been shipped🚢
User feedback are mostly welcome.
➡️The latest episode of The ICP Developer Journey, conducted by JessieWritesX has been shipped to YT.
6️⃣Updates from the ICP ecosystem
➡️Junobuild will go live today at 3PM CET on YT
➡️IClighthouse concludes trade mining round 12 with a volume of 795K USD
➡️PacaBotICP to ship the official TG Buybot for Kongswap.
➡️Damonic LP is deployed on Kongswap.
➡️Bitfinity network surpasses over 32 million network transactions on testnet, and is ready for tomorrow's mainnet.
➡️icphub_TR to conduct a hackathon at Isik University in Istanbul/
➡️icp_japan to conduct what is ICP, a workshop on the 28th of November to educate folks in Japan on the IC.
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 the #BinancePoolFractalBitcoin Fam.
I'll see ya tomorrow with your daily dose on ICP :)
Until then, Take care👋
