Gmgmgmgm Square Fam!
Presenting the 81st episode of The #ICP Pulse Season 2, your daily dose of all things on ICP.
Welcome to this week's weekly recap🙂
Let's get into today's episode🚀
1️⃣$ICP Price action
Seems like we are likely to dip again one last time, before seeing any kind of upwards trend.
This is likely due to the instability of the BTC price, which is very much acceptable, considering the macro economic conditions.
So let's discuss the potential scenarios at this timeframe:
Check this chart from coinglass:
So in this chart, what you may notice is that every time the ICP price and Open interest trendline crosses each other, the price moves up, and when they distances themselves too much the price slows down.
What I want you to notice is that, what is now up for ICP.
Yea, just take notice on that.
So, now for the price, I assume the candle to close at this range, max pain estimated at 8 USD.
For the upside, the candle closes at this range, and we need to create a green candle at least to close at 9.7 USD at the end of next week.
As always, NFA so DYOR :)
Now we head to,
2️⃣Onchain Stats
🟪Internet Identity Stats
This week remained one of the busiest of the IC, onboarding 14900 entities.
🟪Burned ICP Stats
Interestingly, around 359 ICP, worth around 2.8K USD were burned by ICPeople and Devs collectively.
This was an increase of 111 ICP, compared to the last week.
🟪ckETH Supply Stats
ckETH supply slid from 706 ETH to 691.13 ETH, before rebounding to 712.09 ETH.
This was a 6.7% increase, compared to the last week.
🟪Neurons Stats
The neuron supply keeps climbing new highs, which inherently cracked the 304K zone this week.
Within this week, around 2100 neurons were powered up by ICPeople across the globe to help secure the threshold relays.
3️⃣NFT Stats
Source: Toniq and Yuku
1️⃣Motoko Ghosts --> 27 ICP
2️⃣BTC Flower --> 49.5 ICP
3️⃣ETH Flower --> 13 ICP
4️⃣Pythagoras by icircle_nft--> 0.85 ICP
5️⃣Poked Bots by pokedstudiouk --> 9.99 ICP
6️⃣Infinity Canister by Bitfinity --> 23.5 ICP
7️⃣Motoko Mechs--> 17 ICP
8️⃣Cubetopia Islands --> 14 ICP
9️⃣Modernistic Villas by Rentspaceco --> 3.65 ICP
🔟ICP flower --> 13.9 ICP
4️⃣Gainers and Losers
Source: ICPcoins
Note: As this is a weekly recap, the percentage indicated are within the weekly gains.
🟣Gainers
➡️DecideAI--> 0.0130 USD @ 10.1M USD Marketcap (🔺25.5%)
➡️Kinic--> 2.4386 USD @ 7.3M USD Marketcap (🔺16.7%)
🟣Losers
➡️Nuance--> 0.0250 USD @ 1.5M USD Marketcap (🔻33.9%)
➡️Ghost_icp--> 0.000245 USD @ 2.2M USD Marketcap (🔻25.7%)
5️⃣Inside the ICVerse🧑🚀
🟪 7 Voting Proposals in the NNS.
🟪 1 Voting Proposal in the Openchat SNS.
🟪 1 Voting Proposal in the DecideAI SNS.
🟪TVL on NNS: 1.974 Billion USD [🔻17.8%]
🟪DFINITY announced,
➡️An inspiring video on NFIDVaults, enabling seamless multi-sig without third party intermediaries.
➡️Threshold schnorr production keys are coming to mainnet next week.
➡️icphub_kr is partnering with quranium_org a quantum computing + AI based blockchain project.
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 #US_Job_Market_Slowdown Fam :)
Now go unplug those wallets, and revoke your permissions as we meet Sundayyy 🥳
I'll see ya next week with your daily dose on ICP🫡
Take care!
