$ICP This is the ICP that I often mention recently for fundamental analysis
(1) First, understand what business you are investing in? For example, I invested in this ICP, whose actual business is data storage. Similar companies include Alibaba Cloud, Baidu Cloud, Amazon Cloud, etc. (2) The company's industry barriers, that is, whether the business you invest in is easy to be copied by others. If the business you invest in has no entry threshold, then this business is likely to have a large number of competitors. The emergence of a large number of competitors will definitely lead to price wars and affect the company's profitability. Obviously, ICP has very strong industry barriers. More than 300 world-class blockchain experts, communication experts, and cryptography masters have been researching for several years starting from modifying the underlying Internet communication protocol. The industry barriers of this business are extremely high, with a technology monopoly, and almost no one can copy it. (3) Understand the market size. The global data storage server market size is expected to be 4 trillion US dollars. Companies including Amazon Cloud, Tencent Cloud, and Alibaba Cloud share a 4 trillion cake. ICP is the only cloud data storage business with blockchain characteristics and has good industry barriers. It is very likely that the company will account for 25% of the market share in the future. Therefore, ICP’s expected market value is 25% of 4 trillion, which is 1 trillion. (4) See if the stock is undervalued. The current total market value of ICP is 7.832 billion US dollars, and my estimate of its future market value is 1 trillion US dollars, so I think it still has 127 times of growth space. (5) Risk prediction. ICP’s future risk prediction includes the impact of policies on blockchain, whether the company will run away (bankruptcy), and whether there will be any new technological alternatives. There are many factors here, and I could write several thousand words. In general, most countries currently have a relatively positive attitude towards blockchain. Technologies that may have an impact on blockchain, such as quantum computers, are still a long way off from being used to conquer blockchain. The large number of nodes in ICP makes this network almost impossible to shut down in theory. Risk analysis all point to ICP’s great chance of winning. (6) Based on the above analysis, I think the risks of ICP are currently not high given its heavy investments, good growth potential, and high industry barriers caused by high technology.The current price of ICP is $17, and it was $2.8 just half a year ago.