Gmgmgm Square Fam!
This is the 8th edition of #ICP Pulse [Season 4], your daily dose on all things Internet Computer.
It's time for our weekly recap :)
LFG🫡
1/ $ICP Price Action
Well, another week in the red territory, thanks to BTC's kangaroo-like moves.
As you all know, after BTC crashes and recovers, alts take further time to recover, so ICP is no exception here.
Now, we look into the numbers, in the context of weekly:
Support: 5.5 - 6.2 USD
Resistance: 6.7 - 7.3 USD
Other conditions: RSI sitting at 39ish, with funding rates sitting at a net positive 0.01% on Binance Futures, with still having record low in terms of Open Interest.
Now, the focus should be on increasing volumes, else we might see a sudden dip to as low as 5.8 USD
Still, I will still wait for taking over each EMA, respectively.
Do note that we are discussing long-term price action here, due to the massive volatility in the cryptocurrency market.
Now, we wait🫡
As always, remember to do proper research before aping in AS THIS IS NFA🙏
2/ Onchain Stats
Sources: ICP Dashboard, TokenTerminal and ICTerminal
🟪Internet Identity Count
Well, another impressive week, breaking through the limits💪
This accounts for around 4.6K entities onboarding the Internet Computer, within the week.
Nice.
🟪Burned ICP Stats
This accounts for 55.9K ICP, worth 335K USD at these levels, vanishing from the circulation supply, within this week.
Deflation, here it comes💪
🟪ckBTC Stats
Well, this bad boy is so back, that I absolutely had to bring it back to the stats.
In case you are new here, ckBTC is a bitcoin-native twin that lives on the Internet Computer, backed by a canister that uses chain key cryptography, which can send and receive native BTC, and hold it without any third party intermediary, making the process more decentralized.
Within this week, we saw an impressive 66.89 BTC, worth 5.8 Million USD, landing into the Internet Computer, which is mind blowing🤯
🟪Canisters Stats
Regardless of every macro that remains uncontrollable, the devs continue to cook🍳
As you can see here, around 4.8K canisters were being activated within this week, accelerating the dev activity on Mainnet.
🟪Mcap vs Fees [Weekly] | tokenterminal
Within the week, the network was able to generate an impressive 310K USD in network fees, while handling a marketcap ranging between 3.2 -3.5B USD
🟪Number of Active Addresses | ICTerminal
Although we've experienced a slight decline this week, still there were an impressive 58K+ unique addresses roaming across the Internet Computer Mainnet.
LFG
3/ NFT Stats
Sources: DGDG and bioniq
1️⃣Motoko Ghosts --> 24 ICP
2️⃣BTC Flower --> 29 ICP
3️⃣Peeladies --> 3 ICP
4️⃣icbucks by EgidoVal --> 1.19 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 40 ICP
6️⃣Goated Gamer by The_Swop --> 2K sats ckBTC
7️⃣Motoko Sentinels--> 0.00049 ckBTC
8️⃣Cubetopia Islands --> 16.99 ICP
9️⃣Distrikt PODs --> 1.4 ICP
🔟Charles by Onicai --> 0.0009 ckBTC
4/ Gainers and Losers
Sources: ICPcoins and ICPTokens
Note: weekly recap, indicates weekly gains
🟣Gainers
➡️ckBTC --> 104K USD @ 28.9M USD Marketcap (🔺30%)
➡️ICPCC --> 0.13 USD @ 130K USD Marketcap (🔺17%)
➡️OpenFPL --> 0.0078 USD @ 788K USD Marketcap (🔺3%)
🟣Losers
➡️Elna --> 0.006 USD @ 1.5M USD Marketcap (🔻26%)
➡️Sonic --> 0.022 USD @ 2.8M USD Marketcap (🔻19%)
➡️NFID --> 0.0024 USD @ 5.2M USD Marketcap (🔻13%)
5/ Inside the ICVerse🧑🚀
🟪7 Voting Proposals in the NNS.
🟪10 Voting Proposals in the OpenFPL SNS.
🟪2 Voting Proposals in the Motoko and OpenChat SNSs.
🟪1 Voting Proposal in the FuelEV and ICLightHouse SNSs.
Note: analytics are calculated on weekly indicators.
🟪TVL on NNS: 1.425 Billion USD
🟪TVL on ICP DeFi By DefiLlama: 31.1M USD
PersonalDAO SNS Swap is live [Ends in 11 days and 10 hours]
These are turnkey DAOs where each component of it is in sole custody of the respective communities that operate them.
➡️Minimum commitment: 5 ICP
➡️Maximum commitment: 15K ICP
➡️Overall commitment [including Neurons Fund]: 3.8K ICP
➡️Minimum direct commitment to complete the swap: 1 ICP
➡️Total supply: 21M DAO
➡️Supply allocated to the Swap: 10.08M DAO
Updates from the DFINITY Foundation🔮
➡️The foundation's CBO PierreSamaties will be live at the upcoming Suhoor session episode, as part of Binance Ramadan Calendar, on the 19th March, 8 PM UTC
➡️Highlights from ETHDenver is now live.
➡️An explanation on the Ignition Milestone is now live.
➡️Service Nervous Systems now allow to set topics for custom proposals.
➡️ETHDenver Buildathon winners list is now live.
➡️The new base library is live for the Motoko Programming Language.
6/ Updates from the ICP ecosystem
➡️bitfinitynet ships an explanation of how the network focuses on DEXs
➡️OmnityNetwork connects Artura in a mission to make BTC assets more accessible.
➡️JunoBuild hints on potentially adding support for NextJS
➡️WaterNeuron Completes integration of Oisy.
➡️Alihushamsci ships his inspiration towards building odoc
➡️MotokoGhosts completes acquisition of Motoko Pals.
➡️OpenFPL ships the latest dev updates episode.
➡️BobBodily ships latest update on OdinFun.
➡️TheSwop is all set to ship the latest video for GoatedGamer.
So, here I wrap up for the day😇
Hats off for staying this far🫡
Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially to our #TexasBTCReserveBill fam.
And finally, before you go...
I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing.
This will help me provide you with more quality information, thank you🫶
Now go unplug those wallets, and revoke your permissions as we meet the weekend 🥳
Btw, stay tuned for today's educational quiz✌️
I'll see ya next week with your daily dose on ICP🫡
Until then, Take care👋