When ICP first launched about five years ago, the market treated it as the next Ethereum. If you bought $10,000 at the peak, today it’s only $29 left—a 99.7% drop.
$ICP will take five years to make one thing clear: for a coin, its survival or death depends more on narrative and pricing than on technology. It reaches its peak at listing; then the unlocked supply steadily weighs on the price. Once the hype fades, the people holding the high ground don’t even get a chance to escape. Every year brings new stories about new public chains—only a very small number actually deliver, while most repeat ICP’s script.
In crypto markets, this time being “different” is usually the most expensive. When you see a new chain launch and the valuation gets pumped right away, take a moment to think about the mirror that is ICP.
$ICP will take five years to make one thing clear: for a coin, its survival or death depends more on narrative and pricing than on technology. It reaches its peak at listing; then the unlocked supply steadily weighs on the price. Once the hype fades, the people holding the high ground don’t even get a chance to escape. Every year brings new stories about new public chains—only a very small number actually deliver, while most repeat ICP’s script.
In crypto markets, this time being “different” is usually the most expensive. When you see a new chain launch and the valuation gets pumped right away, take a moment to think about the mirror that is ICP.