Discover the real world value behind the operation
In the last 24 hours, ICP price increased by 12.32%, making it the talk of the day. Launched in May 2021, this token lost 99.62% of its value in September 2023. Despite this, it still ranks 24th on CoinMarketCap. Let's explore why this token is so special.
ICP help the real world
Support for the United Nations Blockchain Program
Unlike other cryptos that focus on rewards or governance, the Internet Computing Protocol (ICP) aims to add real-world value. Just 10 days ago, the ICP was in partnership with the United Nations Development Program (UNDP). Under this association, ICP will help UNDP develop a blockchain-based platform for Universal Trusted Credentials (UTC) in Cambodia.
The ICP provides the infrastructure to secure and manage the UTC for UNDP. This project has support from other major bodies such as the Monetary Authority of Singapore.
Portugal Accelerator Program
In the year In 2024, ICP introduced the ICP Hub Accelerator program in Portugal. This program aims to transform early-stage blockchain projects from simple concepts to market-ready solutions. The goal is to develop a strong ecosystem for blockchain creators.
Additionally, last month, ICP launched Verified Credentials (VCs) during the Digital Identity Conference in Zurich. This wallet-less solution enables efficient and secure sharing, privacy and control of personal data.
Recently, ICP has invested in Pigcell, an IoT-based blockchain RWA project. Piggycell is Korea's top power bank sharing service provider. It provides a decentralized platform that allows users to pay for access.
Technical aspect
At the time of writing, Internet Computer Protocol is trading at $7.937, up 12.32% in the last 24 hours. RSI is at 48.47 points, which indicates a bullish signal. Shortly after its launch in May 2021, the crypto hit an all-time high of $700.65. It touched its lowest price point at $2.88 on September 13, 2023. In the last 24 hours, the trading volume of ICP has increased by 59.41%. The closest resistance is currently at $8.257, and a breach of this could easily push the ICP to $10.
Defilama data has shown a significant increase in ROI compared to BTC and ETH in the last 24 hours. However, compared to the DeFi ecosystem, ICP still shows losses.
According to data from Coinglass, the Total Locked Value (TVL) in ICP has increased significantly since the beginning of 2024. In the year It was less than $20M at the end of 2023 but will reach $115M by 2024. TVL currently holds $67.54M.Ś
Every major crypto exchange has seen a significant increase in trading volume. CoinEx recorded a massive increase of 184.04% in ICP trading in the last 24 hours.
look forward
ICP is a project committed to delivering real-world value. It aims to improve blockchain adoption and secure data. The sudden rise in price shows that retail investors are beginning to understand that cryptos with real-world applications can provide better returns.
