Internet Computer (ICP) has experienced a significant price drop, falling 80% from its 2024 peak of approximately $21. Despite the sharp decline, developer activity within the ICP ecosystem remains robust. The network continues to see active development with live decentralized applications (dApps), ongoing integrations, and steady contributions from developers. Analysts suggest that the project is in a long-term building phase, rather than being defunct. Supporters point to high staking rates and ecosystem growth as indicators of the project's resilience and potential for future recovery.