After a year and a half, ICP reached $10 again, but no relevant news was seen. I believe that this round of rise is not a "flash in the pan" as Dongfang Xiaosun calls it, but a reversal of fundamentals. We need to put aside our prejudices and re-understand ICP and its ecology.
I took a look at the ICP-based social project OpenChat, which is similar to telegram. The difference is that OpenChat can send cryptocurrency red envelopes. Share four observations:
1. Someone really pledged it for 8 years. You read that right, 8 years! I was browsing YouTube yesterday and a blogger complained about someone staking ICP for 8 years. I didn’t believe it at the time. I saw the speeches of OpenChat group members today, and I believed them, for example: "I bought it for 6.8 last year and pledged it for 8 years." 100 gold dao", "I also pledged thousands of them for eight years, but I bought thousands more this year", "I pledged thousands of them for eight years. I'm not in a hurry."
2. Some people believe that the reasons for ICP’s current rise include (1) MORA contributed a lot and Inscription detonated the market; (2) the launch of CKETH attracted people to enter; (3) the existence of CKBTC made the largest BTC market.
3. Group friends continue to support, eight reasons for stud ICP, (1) Integration with BTC, ckBTC; (2) Integration with ETH, ckETH, ckUSDT, ckERC20; (3) NNS & SNS; (4) Canister smart contract; ( 5) HTTP OUTCALL; (6) Reverse GAS model; (7) INTERNET IDENTITY; (8) The seed round is about to be released.
4. This Friday, ICP evangelist Robert’s group chat came out, “Let’s start with the ICP currency price. First of all, when the mainnet was launched in May 21, its reasonable valuation was not that high. The reasonable price at that time The range should be between 80-200U, but due to the suppression of other public chain capitals (mainly SBF and FTX exchanges), CP was targeted to be shorted before the listing, so before the mainnet was launched, the market was still selling before the token was circulated. Shorting the futures will cause the price to rise. It is not reasonable to buy three or four hundred U when the bull market is at its peak. At that time, the mainnet was launched and all roadmap development had just begun."
"Then let's talk about what ICP does. ICP is mainly a full stack. The computing power and storage full stack are designed according to blockchain standards. There is no full-stack public chain in the current currency circle. ETH is not. Other DOT / NEAR / BNB/ATOM is even more different. They are all improved little by little on the basis of ETH, and then capital market marketing."
"The meaning of full stack can be understood as a computer room chain. ICP's node vendors have extremely high hardware requirements and require an IDC computer room like Telecom. A single node basically costs US$20,000. Therefore, the design direction of ICP has always been to build a decentralized cloud. Yes, the cloud is these computer room chains, and the communication links must comply with the decentralized and non-evil governance direction of the blockchain.”
“When near adopted the Night Shadow protocol and infinite sharding, it operated light nodes without memory storage and computing power. Therefore, near can achieve extremely fast speed and consensus, but it cannot complete the DAPP construction requirements of the ICP full stack.”
To sum up, price represents value, and currency price speaks for itself. While many projects are silent, ICP dominates the growth list. This is a signal, reminding us: Should we pay attention to ICP?
In addition, in the early stage of the bull market, projects with good fundamentals will chase highs or buy lows, especially in terms of technology, breaking through the box shock zone at the bottom.
