Internet Computer (ICP) has experienced a remarkable 214% surge over the past week, breaking free from a prolonged downtrend and surpassing TAO to become the leading AI-focused blockchain. The cryptocurrency's trading volume has skyrocketed to over $1.31 billion in the last 24 hours, positioning ICP as the eighth most traded digital asset outside of stablecoins.
Analysts are optimistic about ICP's trajectory, suggesting it could soon test the $11 mark, with potential to reach $16 and possibly $20 if the current momentum persists. This price breakout has disrupted a bearish pattern that has persisted since 2021, and the increase in open interest for futures contracts indicates heightened institutional and retail interest in the token.
Internet Computer (ICP) Soars 214% in a Week, Targets $16
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