Gmgmgmgm Square Fam!
Welcome to the 61st episode of The #ICP Pulse Season 3, your daily dose of all things on ICP.
This is your weekly recap🙂
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🚀
1️⃣ $ICP Price action
Meh, the price action was performing well until BTC suddenly decided to flush out some over-leveraged traders and slid below 100K😐
Now, in terms of the weekly chart, these are the numbers that I am looking into.
Support: 10.5 - 11 USD [a wick to hit the low at 10 USD]
Resistance: 11.7 -12.28 USD [Now the range is strong as we slid again]
Additional requirements: high volume candles + hold the support range until a bottom out occurs.
I am anticipating that this weekly candle will close at around 10.2 -10.4 USD and chop for some time until we find a local bottom before playing out the above scenario.
Now, we wait✊
As always, NFA so DYOR ⚡
Now we head to,
2️⃣Onchain Stats
Sources: IC Dashboard, ICTerminal, icpzone and @Token Terminal
🟪Internet Identity Stats
Well folks, this week the IC saw around 3.3K entities onboarding the ecosystem.
Very interesting👏
🟪Burned ICP Stats
We saw 40.6K ICP vanishing from the circulation supply, which amounts to a staggering 406K USD
This is 🔺+110% of growth in terms of this metric, compared to the previous week⚡
🟪Mcap vs Fees [Weekly]
According to this metric from tokenterminal, the IC generated an impressive 525.9K USD in fees, while handling a stable marketcap within the week.
🆕🟪Cycles Burn Rate
The cycles burn rate remained a chill guy today, as folks prepare for vacation.
this accounts for 392 ICP being burned every hour at this rate.
🟪Number of New Addresses
Within this week ICP folks collectively activated 12.6K new addresses, as of press time.
LFG
3️⃣NFT Stats
Sources: toniqMarket, bioniqMarket and yukuapp
1️⃣Motoko Ghosts --> 🔺23 ICP
2️⃣BTC Flower --> 36.9 ICP
3️⃣ETH Flower --> 🔺9 ICP
4️⃣dcitynft--> 9.9 ICP
5️⃣Poked Bots by pokedstudiouk --> 6 ICP
6️⃣ Goated Gamer by The_Swop --> 2K sats ckBTC
7️⃣Motoko Sentinels--> 0.0004 ckBTC
8️⃣Cubetopia Islands --> 🔺9.9 ICP
9️⃣Distrikt PODs --> 🔺2.48 ICP
🔟ICP flower --> 9.9 ICP
4️⃣Gainers and Losers
Source: ICPcoins and ICPTokens
Note: weekly recap, this indicates weekly gains
🟣Gainers
➡️cryptocloudsicp --> 0.00368 USD @ 1.4M USD Marketcap (🔺256%)
➡️BoB --> 1.45 USD @ 16.7M USD Marketcap (🔺8.5%)
➡️Kongswap --> 0.0512 USD @ 51.2M USD Marketcap (🔺48.3%)
🟣Losers
➡️Querio --> 0.0590 USD @ 192K USD Marketcap (🔻57%)
➡️catalyze --> 0.00646 USD @ 3.25M USD Marketcap (🔻36%)
5️⃣Inside the ICVerse🧑🚀
🟪4 Voting Proposals in the NNS.
🟪2 Voting Proposals in the BoomDAO SNS.
🟪1 Voting Proposal in the catalyze SNS.
🟪TVL on NNS: 3.182 Billion USD [🔻21.3%]
🟪TVL on ICP DeFi By DefiLlama: 54.26M USD [🔻7%]
🟪Updates from the DFINITY Foundation🔮
➡️The foundation is all set for today's Global Town Hall 3.0 powered by ICPHUBS
➡️The recap video of yesterday's ICP Year in Review 2024 livestream is now readily available.
➡️The foundation is prepping to activate the performance-based node rewards program.
6️⃣Updates from the ICP ecosystem
➡️bitfinitynet to host an AMA today with oooo_money
➡️tokenterminal publishes standardized on-chain metrics on OpenChat
➡️bioniqMarket completes new feature integration to prod.
➡️BlockchainPill announces new video series
➡️icto_app ships SNS proposal
➡️windoge_98 to ship something exciting soon👀
➡️Personal_DAO is reportedly working on some improvements to their UX
➡️DistriktApp announces the arrival of new devs to work on the OG project.
➡️The_Swop officially commences the DAO-liday party.
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 #BTCNextMove fam.
As usual, the quiz will be allocated today, so stay tuned✊
I have decided to take a break and will be back on the 1st of January 2025, with your daily dose on ICP :)
Until then, Take care👋
