$ICP (-1,97%) still has a great future. 🚀

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$ICP (-1,97%)
$AMZN (+0,21%)
$GOOG (-0,05%)

$ICP (-1,97%) In recent weeks and months, it has not been easy to hold or even buy ICP. While BTC and many crypto projects were able to establish themselves well above their bear market lows, ICP disappointed with ever new lows. Even the introduction of Caffeine failed to halt the downward trend.

However, last weekend, when the entire crypto market sank deep into the red, a whopping USD 600 million flowed into ICP. The daily trading volume expanded from USD 50 million to USD 1.2 billion!

Clearly the market is (finally) realizing the value of this project. Cheers to all believers & investors!

I have posted the ICP vs Solana 2W chart several times in the last 2 years and pointed out the descending wedge forming in the chart. Admittedly, I expected the breakout much earlier. However, it has finally happened.

Here is the ICP dominance (i.e. percentage share of the overall market): in my opinion, this chart currently allows only one conclusion: outperformance!

....this can of course also happen in a bear market. But if you believe in an "extended cycle": ICP looks superb!

$ICP (-1,97%)

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ICP is one of the most hated blockchains in the crypto world. People have been trying to ruin the project for years: https://medium.com/bitcoin-frontier/weve-been-fooled-how-ftx-tried-to-destroy-internet-computer-icp-886c8fe22737

$ICP (-1,97%) , $SOL (-0,89%)

The actual old season is just getting underway and we should expect the market to pick up significantly in the coming weeks.

Raoul Pal recently posted the current Solana chart with the comment "stupid bullish" (see below).

Indeed, Solana has formed a large "cup and handle" formation in recent years. It doesn't get much more bullish than that. Solana should catapult far north in the coming months.

....however, I liquidated my Solana position about a year ago in order to further expand my ICP position - not only because I consider ICP to be the best product in the crypto market, but also because of the signal that developed in the chart.

Assuming that ICP was about to break out of the trend channel against Solana, I posted the ICP/Solana chart here in the forum at the time.

Well, ICP made a final "nose dive" but in the meantime the breakout from the 2-year downtrend has happened (see below in the 2 week & 3 day chart).

ICP should outperform (vs. Solana).

I do not recommend all crypto investors to liquidate a position at this point in time in order to invest in ICP.

We have to expect a new regulation for the taxation of profits this year and (in my opinion) it is "rule no. 1" to reach the holding period as early as possible.

But, if you are still looking for an investment in the crypto market: staked ICP is now also traded as an ETP in Germany:

WKN: A3G9SD

$ICP (-1,97%) has enormous potential to become the leading Web3 crypto ecosystem! 🚀

🔹 Cycle burn rate: Again at 800 billion cycles/s! The 90-day average is approaching 300 billion cycles/s. 📈

🔹 The trend is clearly pointing upwards, especially with #KIwhich can burn masses of cycles.

🔹 We could see the first implementations as early as next year. 🌐💡

$ICP (-1,97%) is on the rise and represents the future of the Internet, just like my NFT project, which is based on ICP technology

$ICP (-1,97%) vs. total crypto market cap, incl. BTC: after breaking out of the accumulation range, ICP has completed a clean ABC correction and is currently testing the broken resistance. My opinion, but an entry level cannot look much better.

Update on $ICP (-1,97%) vs. $SOL (-0,89%) : ICP has corrected above the broken trend line and is now ready to $now ready to continue the recovery.

....In my opinion, not a bad time to enter the market.