$ICP 6
ICP
3.063
+2.20%
Internet Computer
--
Understand why ICP is so strong in one minute
1. The strongest AI chain, you don't need to know programming, just speak to develop an APP directly.
2. The Amazon of the cryptocurrency world, making BTC, ETH, and other applications no longer reliant on AWS services.
3. Vitalik Buterin recognized the technology of ICP years ago.
4. All tokens were unlocked in the first half of the year, with an FDV lower than SOL at 8U.
5. The cost for AI developers to develop and run applications on ICP is cheaper than hosting on AWS.
6. The number of network transactions is the highest in the network, with very high numbers of code and program development.
From Dayu
The fundamentals have always been there, but value discovery is always influenced by market factors. In addition to the technology and innovation fundamentals mentioned above, there are also some market and financial factors to consider:
1. ICP’s full unlocking and full circulation, which is rare in the CMC top 50.
2. Nearly half of the ICP is locked in staking, most of which has been locked for several years, meaning the amount of funds available for short-term sale is only half of the market cap.
3. Any asset that has experienced a lot of negative sentiment and poor performance in financial trading will have the opportunity to be rediscovered. Of course, it must be an asset with a high market cap that connects almost all exchanges/liquidity channels. Remember the ETH in April.
4. In an environment of significant market decline, ICP only needed 3 days to rise from #52 to #30 in CMC market cap ranking, and there is a reason for this.
5. The staking yield of ICP is very high, and the U.S. capital markets (such as ETF/ETP/Trust/DAT type products) prefer high-yield crypto assets.
6. AI is a national-level narrative in the United States, while the cryptocurrency industry is generally not considered related to AI by Wall Street and retrospectives, because the crypto industry has not produced real usable AI products; 99% are pseudo-narratives in the industry. However, Caffeine is different (this is not my statement; this is an important external evaluation).
7. All L1 coins have inflation and deflation mechanisms. The historical annual inflation rate of ICP is around 3.3%, which is not higher than other major L1 coins like ETH and SOL (even slightly below the average level). The recently announced vision of ICP 2.0 has clear net deflation targets, including significantly reducing ultra-long-term staking yields and utilizing the scaled growth of products like Caffeine to drive large-scale on-chain computing, application hosting, and other destruction mechanisms.
From Jason
1. The strongest AI chain, you don't need to know programming, just speak to develop an APP directly.
2. The Amazon of the cryptocurrency world, making BTC, ETH, and other applications no longer reliant on AWS services.
3. Vitalik Buterin recognized the technology of ICP years ago.
4. All tokens were unlocked in the first half of the year, with an FDV lower than SOL at 8U.
5. The cost for AI developers to develop and run applications on ICP is cheaper than hosting on AWS.
6. The number of network transactions is the highest in the network, with very high numbers of code and program development.
From Dayu
The fundamentals have always been there, but value discovery is always influenced by market factors. In addition to the technology and innovation fundamentals mentioned above, there are also some market and financial factors to consider:
1. ICP’s full unlocking and full circulation, which is rare in the CMC top 50.
2. Nearly half of the ICP is locked in staking, most of which has been locked for several years, meaning the amount of funds available for short-term sale is only half of the market cap.
3. Any asset that has experienced a lot of negative sentiment and poor performance in financial trading will have the opportunity to be rediscovered. Of course, it must be an asset with a high market cap that connects almost all exchanges/liquidity channels. Remember the ETH in April.
4. In an environment of significant market decline, ICP only needed 3 days to rise from #52 to #30 in CMC market cap ranking, and there is a reason for this.
5. The staking yield of ICP is very high, and the U.S. capital markets (such as ETF/ETP/Trust/DAT type products) prefer high-yield crypto assets.
6. AI is a national-level narrative in the United States, while the cryptocurrency industry is generally not considered related to AI by Wall Street and retrospectives, because the crypto industry has not produced real usable AI products; 99% are pseudo-narratives in the industry. However, Caffeine is different (this is not my statement; this is an important external evaluation).
7. All L1 coins have inflation and deflation mechanisms. The historical annual inflation rate of ICP is around 3.3%, which is not higher than other major L1 coins like ETH and SOL (even slightly below the average level). The recently announced vision of ICP 2.0 has clear net deflation targets, including significantly reducing ultra-long-term staking yields and utilizing the scaled growth of products like Caffeine to drive large-scale on-chain computing, application hosting, and other destruction mechanisms.
From Jason
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
