š„ Internet Computer. (ICP) Aiming for 639% Surge: Analyst Insights
Internet Computer (ICP) is gaining notice in the crypto market as it prepares for a possibly huge breakthrough. Popular crypto analyst Javon Marks has tweeted that ICP is displaying strong bullish indications supported by good positive volumes.
Potential 7.3x Surge Places ICP on the Radar
Marks notes that ICP can aim for a breakout level of $79.57, which is already more than 639% apart from its present price. This estimate points to a possible rise of more than 7.3x, so this coin should be watched in the next months.
Meanwhile, as of writing, ICP is swapped hands at about $10.39, dropping 3.62% over the last 24 hours. Reflecting the difficult market conditions, this slump has driven the market cap below the $5 billion mark.
Notwithstanding this, ICPās special qualities and growing acceptance in important industries help to maintain the hope for its long-term future.
ICP has especially been becoming popular in the Real-World Assets (RWA) market. According to a CNF prior report, among the top 20 cryptocurrencies most mentioned on social media are Internet Computer Protocol, projects like Chainlink (LINK), Avalanche (AVAX), and VeChain (VET). This buzz on social media emphasizes its increasing importance and acceptance among the crypto enthusiasts.
Furthermore appealing is ICPās significant increase in network activity during the past year. The growing need for compatible DeFi solutions has mostly fueled this expansion. As we previously reported, its Chain Fusion ICP function has been very important since it thirteen times increases network activity.
ICP is a good platform for DeFi applications since this unique ability guarantees flawless compatibility with main blockchain ecosystems like Bitcoin and Ethereum. More developers and projects are so looking to the Internet Computer to use its sophisticated features.