$ICP (-4,15%) 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!
