🔥 New Blockchain-AI smart contracts on ICP might boost recovery
Internet Computer (ICP) recently made a few developments showcasing its first Blockchain AI smart contracts implementation.The DFINITY-powered blockchain network marked a key milestone in integrating Blockchain and artificial intelligence. This is an initiative towards the ambitious goal of the protocol to develop a system for the world of Blockchain.
More announcements will likely follow with the ICP smart contracts to access SMID or single instruction multiple data instructions.The upgrade will significantly boost the efficiency and speed of the network, potentially facilitate a transition from the 32-bit environment to a more secure 64-bit system, and expand the memory limits of the smart contracts.
The integration of AI and Blockchain across different sectors will be pioneered by the efforts of Internet Computers. It will extend beyond these advanced technologies into other fields like education, security, health, and sports. The broad adoption of AI and Blockchain will emphasize the revolutionary potential of AI in various industries.
ICP is experiencing high market volatility. The value of the token has declined over the past 30 days by more than 23%, with a decline of 13% in the last week and a 3.5% fall in the last 24 hours.
Additionally,ICP market capitalization stands at over $6.2 billion while gaining over 28% in volume in the last 24 hours, trading slightly above the $124 million mark.
Considering the setbacks, the ICP price movement still shows a rising trend line, constantly testing the crucial resistance and support levels.
Considering the weekly timeframe, the current bearish momentum brought ICP’s potential to test the support level candle’s bearish closure last week with a bearish market sentiment observed in the weekly candle.
Considering the daily timeframe, the price of ICP has been bearish, reaching $13.23 according to our ICP price prediction. However, it received support with a rising trend line at the $11 mark while rebounding to $16.
