$Many people are skeptical, thinking that I have illusions about the potential of the Internet Computer project. However, I always maintain faith in ICP's vision and groundbreaking technology. On March 27, 2024, ICP price officially surpassed the $20 mark, marking an important milestone and affirming my belief.

My post on January 1, 2024

ICP price analysis March 29, 2024

ICP price is currently at 17.83 USD, market capitalization is 8.22 billion USD, down 6.24% compared to yesterday. 24-hour trading volume reached 536.83 million USD. The circulating supply is 461.32 million ICP.

Technical analysis:

  • The short-term ICP price chart shows an upward trend.

  • ICP is moving within a descending (expanding) wedge pattern, which is a bullish pattern.

  • It is likely that ICP will break the uptrend line to start an upward trend.

Fundamental analysis:

  • Internet Computer (ICP) is an ambitious blockchain project, creating a decentralized "new Internet".

  • The project attracts many investors and developers.

  • However, ICP also faces criticism for centralization and high fees.

Although ICP has dropped 6.24% in price over the past 24 hours, the short-term trend still shows upside potential. The descending (expanding) wedge pattern on the price chart is a positive sign indicating the possibility that ICP will break the uptrend line and start a new bullish cycle.

ICP's breakthrough potential is still there

With rapid growth and increased attention from a community of over 100,000 members, I believe ICP will continue to grow strongly in the future. It is predicted that ICP price could reach $30 in the short term and $100 within the next 2 years, providing potential investment opportunities for investors.

Reasons to invest in ICP:

  • Breakthrough technology: ICP uses new generation blockchain technology, allowing the deployment of decentralized web applications with high speed and performance, potentially changing the way the internet works.

  • Experienced development team: The project is led by Dominic Williams, founder of DFINITY, and a team of leading scientists and engineers in the blockchain industry.

  • Clear development roadmap: ICP has a specific development roadmap with important goals such as implementing smart contract functionality, expanding the network and developing developer support tools.

ICP is a potential blockchain project with the ability to change the world and bring good profits to investors. Take the time to learn more about ICP to make an informed investment decision.

$ICP

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