After waiting for a year, ICP finally rose to double digits. Such a rise has made the investment in ICP spot this year profitable. Here, I also congratulate every lucky person who bought the bottom at a low level and firmly held ICP.
I personally believe that this round of rally is a bottom-out rebound at the long-term level, which is also related to the current cycle and inscription.
ICP is an extremely forward-looking and holistic blockchain project that is ahead of its time. However, due to malicious manipulation in the early stage of listing, the deserted bear market and the SEC marking it as a security, ICP fell again and again. The current bottoming out is important to restore people's and the entire market's confidence in ICP.
Many people are complaining about buying ICP into ICU. But I personally think that the reason is related to the malicious manipulation of ICP by FTX as a competitor in the early stage of listing and the fact that the market was at the top of the bull market at that time. For example, I only started investing in ICP this year at the bottom of the bear market. I have been buying it since it was below $5. Although it will be trapped, due to the certainty of the cycle, it is expected to be profitable.
The signal this round of rise brings to me is that the ICP project’s hard work has also been supported by the rise in market prices, and the project and project tokens can support its entry into this round of bull market. It is expected that there will be a correction after this round of stretching. This can be seen from the ICP order book with a large amount of selling at high prices. But for those who buy at the right price, the story has just begun.
We don’t need to speculate too much on the occurrence and magnitude of the correction. As long as we buy in deep bears, we are not afraid of normal corrections. The purpose of the callback is also to wash out the chips held by people who are not suitable for the buying period and who are not determined, so that the main force can have more chips to pull the market. For us, this is helpful. As long as we hold low spot prices, time is our friend.
As far as I know, the founder of Dfinity and the chief scientist of ICP expects the bull market price of ICP to be $50. This price must be relatively conservative, because if the price is too high, it will damage the reputation of the project party. For us, there is also the blessing of an upward cycle, and upwards must be our expectation.
