The cryptocurrency market is abuzz with excitement as Internet Computer (ICP) has surged an impressive 80% in the last seven days, catapulting it into the top 20 cryptocurrencies globally. This remarkable rise has seen ICP overtake APT, NEAR, and UNI to claim the 18th spot, leaving the crypto community in awe of its meteoric ascent.
In a parallel development, a new AI project called InQubeta has made waves by raising nearly $12.5 million in its presale, showcasing the growing interest in innovative blockchain-based solutions within the market.
ICP’s current trading price of around $19.2 marks a significant climb from its previous all-time high of approximately $750 during the previous bull run in May 2021. With a market cap of $8.8 billion, ICP has solidified its position as the 18th largest cryptocurrency by market capitalization.
Technical analysis of the ICP/USDT chart reveals a notable run in late 2023, followed by a period of sideways trading before the recent breakout. The next potential targets for ICP are around $23 and $25.98, based on Fibonacci extension levels. However, caution is advised as the Relative Strength Index (RSI) indicates overbought conditions, suggesting a possible pullback before another upswing.
Renowned crypto analyst John Tuld has drawn comparisons between ICP and Chainlink, making a compelling case for ICP’s potential to replicate Chainlink’s success story. Tuld believes that ICP’s advanced features and technology could make it a game-changer in the crypto space, much like Chainlink emerged as a prominent player in the industry.
On the other hand, InQubeta’s innovative approach to AI startup investment through NFTs and cryptocurrency has garnered significant attention, with its presale raising substantial funds. The platform aims to democratize AI tech investments by allowing fractional investment in AI startups using QUBE tokens, offering investors a chance to participate in the high-growth potential of the sector.
Overall, the rise of ICP and the emergence of projects like InQubeta underscore the dynamic nature of the cryptocurrency market, with opportunities for both established and new projects to attract investors. As the crypto landscape continues to evolve, projects like ICP and QUBE showcase the potential for innovation to drive growth and interest in the market.
