GM Square Fam!
It's the end of January, but that shouldn't stop us from educating ourselves.
Welcome to the 83rd edition of
#ICP Pulse [Season 3], your daily dose of all things Internet Computer.
Buckle up, as we deep dive into the trenches to get some advanced alpha.
LFG🫡
1/
$ICP Price Action
Well, the weekly chart.
Within this week, the price action slid to as low as 8.1 USD and settled at 9.0 USD, as of today.
Now, back to the numbers [in terms of weekly]:
Support: 8.2 - 9.5 USD
Resistance: 10.6 -11.2 USD
Other conditions: Close this week's candle at around 9.3 -9.5 USD and potentially continue the upside, possibly starting next Monday.
RSI sits at 47.2, indicating neutral activity, but do remember that it's a lagging indicator.
Still, we will have to wait for this candle to close to ensure it remains intact, which we will discuss as we progress.
As always, Remember to do your own research before aping in, AND THIS IS NFA🙏
2/ Onchain Stats
Sources: ICP Dashboard, TokenTerminal and ICTerminal
🟪Internet Identity Count
Within the week, the IC was able to absorb an impressive 7.2K entities into the ecosystem.
This metric is up by +33% compared to last week.
🟪Burned ICP Stats
The burned ICP count is on its way to 1 Million.
Within this week, we were able to see 63.9K ICP, worth 575K USD vanishing from the circulation supply.
and FYI, according to ICPZone, This month accounts for 257K ICP burning, and being able to evaporate inflation from Nodes fully.
🟪Mcap vs Fees [Weekly]
This was another positive week, where the IC was able to maintain a steady marketcap, while gradually increasing fee revenue, accumulating 473K USD, according to this chart from tokenterminal.
🟪Number of New Addresses | ICTerminal
Well, folks.
We are seeing history made on the Internet Computer, which resulted in making an ATH in this metric, where we saw around 40.3K new addresses being activated in the mainnet.
3/ NFT Stats
Sources: toniqMarket, bioniqMarket and yukuapp
1️⃣Motoko Ghosts --> 🔺24.8 ICP
2️⃣BTC Flower --> 🔻28.5 ICP
3️⃣ETH Flower --> 5.9 ICP
4️⃣icbucks by EgidoVal--> 0.99 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 🔺38.5 ICP
6️⃣ Goated Gamer by The_Swop --> 2K sats ckBTC
7️⃣Motoko Sentinels--> 0.00063 ckBTC
8️⃣Cubetopia Islands --> 🔻7.99 ICP
9️⃣Distrikt PODs --> 🔻2 ICP
🔟ICP flower --> 7.5 ICP
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
Note: weekly recap, indicates weekly gains
🟣Gainers
➡️ICPanda --> 0.006 USD @ 6.2M USD Marketcap (🔺721%)
➡️Querio --> 0.06 USD @ 197K USD Marketcap (🔺50.9%)
➡️Openchat --> 0.3 USD @ 30.4M USD Marketcap (🔺12.3%)
🟣Losers
➡️Windoge98 --> 0.229 USD @ 2.2M USD Marketcap (🔻43%)
➡️DecideAI_ --> 0.02 USD @ 20.5M USD Marketcap (🔻29%)
➡️Alice --> 0.0745 USD @ 3.1M USD Marketcap (🔻23%)
5/ Inside the ICVerse🧑🚀
🟪4 Voting Proposals in the NNS.
🟪4 Voting Proposals in the ICLightHouse SNS.
🟪2 Voting Proposals in the Openchat SNS.
🟪1 Voting Proposal each in the Kinic and Yral SNSs.
Note: analytics are calculated on weekly indicators.
🟪TVL on NNS: 2.119 Billion USD [🔻21%]
🟪TVL on ICP DeFi By DefiLlama: 38.24M USD [🔻23.7%]
🟪NFID SNS Swap is live [Ends in 9 days, 7 hours]
NFID aims to be the go-to Web3 Wallet infrastructure.
➡️Minimum commitment: 10 ICP
➡️Maximum commitment: 100K ICP
➡️Overall commitment [including Neurons Fund]: 8.9K ICP
➡️Minimum direct commitment to complete the swap: 100K ICP
➡️Total supply: 2.13B NFIDW
➡️Supply allocated to the Swap: 434M NFIDW
🟣Participants of the swap will receive 6 equal value neurons, each with a dissolve delay of 0,2,4,6,8 and 10 months respectively
🟪FuelEV SNS Swap is live [Ends in 9 days, 7 hours]
FuelEV is on a mission to allow the tokenization of EVs.
➡️Minimum commitment: 1 ICP
➡️Maximum commitment: 100K ICP
➡️Overall commitment [including Neurons Fund]: 28.4K ICP
➡️Minimum direct commitment to complete the swap: 40K ICP
➡️Total supply: 1B FUEL
➡️Supply allocated to the Swap: 250M FUEL
🟣Participants of the swap will receive 5 equal value neurons, each with a dissolve delay of 0,6,12,18 and 24 months respectively
🟪Updates from the DFINITY Foundation🔮
➡️The World Computer Day playlist at Davos 2025 is live on YT.
➡️ai16z's Eliza framework is now plugged into the Internet Computer.
➡️The foundation successfully completes the Solenoid Milestone, allowing sufficient decentralization of boundary nodes on ICP.
➡️A short video where the foundation's CBO PierreSamaties explains how the IC is empowering DeFi on Bitcoin.
➡️The two ICRC standard [token and NFT] working groups at the foundation will be merged to form the token standard working group.
6/ Updates from the ICP ecosystem
➡️Sonic to ship some exciting updates for V3
➡️BobBodily and the team ships Odin
➡️JunBuild ships new updates for serverless functions.
➡️PersonalDAO adds support for peer-to-peer lending.
➡️ICPCC to conduct the Public DAO meeting on the 6th of February at 17:00 UTC
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 to our
#PCEInflationWatch fam.
And finally, before you go...
I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing.
This will help me provide you with more quality information, thank you🫶
Now go unplug those wallets, and revoke your permissions as we meet the weekend 🥳
Btw, stay tuned for today's educational quiz✌️
I'll see ya next week with your daily dose on ICP🫡
Until then, Take care👋