The Internet Computer (ICP) token has seen a price increase lately, as noted by crypto analysts and enthusiasts. Several factors contribute to this upward trend, including positive market sentiment and a notable partnership. Analysts and community members express optimism about ICP’s future prospects.
Analysts Foresee Strong ICP Price Action
ICP’s price performance has been noticeable in the short term. According to CoinGecko data at press time, ICP trades at $8.83. This represents an 8.13% rise in the last day. Moreover, the token has surged 18.58% over the past week, indicating strong bullish momentum.
Community members are taking notice of ICP’s price action. Analyst @Steph_iscrypto predicts a substantial price movement, stating, “$ICP will melt faces this bull run.” They anticipate the next leg higher will push the price to the golden pocket resistance at $23.50.
$Icp will melt faces this bull runThe next leg higher will send the price to the golden pocket resistance at $23,50#ICP #Altseason pic.twitter.com/c7ZEemKCXi
— STEPH IS CRYPTO (@Steph_iscrypto) July 13, 2024
X user, @BlockzBit, shares a long-term bullish outlook for ICP. They believe the token is making a comeback and will continue to push beyond its previous highs. The user boldly suggests that ICP could surpass $1,000 in the future.
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Show more +Show less – UN Partnership Boosts Credibility
ICP’s recent partnership with the United Nations Development Programme (UNDP) has also fueled excitement. X user @noBScrypto highlighted this collaboration earlier this month. The partnership aims to enhance financial inclusion through Web3 technology.
The UN plans to utilize the ICP blockchain to improve their Universal Trusted Credentials system. This initiative seeks to boost digital trust for financial inclusion. The partnership will initially focus on a prototype in Cambodia.
𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: $ICP partners with UNDP to further develop financial inclusion with Web3!The UN will be using the ICP blockchain to enhance their Universal Trusted Credentials to enhance digital trust for financial inclusion.This is a HUGE move for DFINITY & ICP as it now… pic.twitter.com/vd179bKOev
— Kyren (@noBScrypto) July 5, 2024
This collaboration marks a step for DFINITY, the organization behind ICP. It demonstrates the growing interest in ICP’s technology from major players in the traditional tech world.
Read also: Here’s Why the Crypto Market is Up Today as Bitcoin Price Crosses $60k
ICP’s versatile tech stack has already positioned it as a leader in the Web3 space. The UNDP partnership further validates its potential for real-world applications. Digital identity is just one of many verticals that the ICP ecosystem can support
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