Latest News

Internet Computer token has retraced a good chunk of its recent gains and could drop even lower.

As the crypto world continues its captivating journey, investors and enthusiasts eagerly track the performance of various digital assets. In recent weeks, the crypto market has witnessed notable movements in tokens such as Woo Network (WOO), Internet Computer (ICP), and Cardano (ADA).

The DFINITY Foundation, a Swiss not-for-profit organization and a significant contributor to the Internet Computer Protocol (ICP), has announced the launch of a European subnet on ICP. This marks a significant advancement in providing GDPR-aligned infrastructure for decentralized applications (dApps).

Crypto Price Prediction: As the new week unfolds, the cryptocurrency market has ushered in on a bullish note, following a period of heightened volatility witnessed in the first half of December. Bitcoin and Ethereum, the two leading cryptocurrencies, have exhibited promising signs of stability, registering gains between 3% to 5% over the past 48 hours.

The crypto market has significantly cooled from the rally witnessed since mid-October, with Bitcoin price barely holding above $41,000 on Monday. This correction started early last week, but bulls briefly took over on Wednesday following the Federal Reserve's anticipation of three rate cuts in 2024.

The crypto market has been on a rollercoaster ride lately, with major currencies facing uncertainty after reaching annual highs. However, amidst this volatility, certain tokens like XRP, Osmosis (OSMO), and Internet Computer (ICP) continue to exhibit promising trends, offering fresh opportunities for traders and investors.

The Internet Computer (ICP) price reached a new yearly high of $11.90 on December 16 but has fallen since.

Internet Computer (ICP) is seeing bullish activity despite the current bearish atmosphere. As of press time, ICP, its native token, has lost its hold on the crucial $10 handle, and currently trading at $9.93, following a weekly rise of more than 80%.

Defying the current market uncertainty, the Internet Computer price stood out as the highest gainer of the week, with six consecutive green candles in the daily time. From the December 12th low of $5.27, the coin price surged nearly 120% to reach a new yearly high of $11.25.

In the realm of digital currencies, the past 24 hours have witnessed a noteworthy shift. Bitcoin, the pioneering cryptocurrency, has seen a slight decline, currently resting around $42,000.

In the past two weeks, the cryptocurrency market has been in a state of indecision, with the top two leading coins trading sideways after reaching their annual highs. The neutral candles on these assets indicate a lack of clear direction from both bulls and bears.

Crypto Price Prediction: For nearly two weeks, the crypto market has been wavering in uncertainty, as the top 2 leading coins turned sideways after hitting yearly highs. The neutral candles in these assets show no clear initiation from bulls or bears.

In the ever-evolving realm of cryptocurrencies, recent market trends indicate a period of cautious movement among investors. Bitcoin and several major altcoins experienced fluctuations, signaling a momentary pause after a period of significant rallies.

OSMO, WOO, and FIL follow ICP along with double digit gains.

The altcoins have gained significant momentum in recent days as many tokens are successfully outperforming the top cryptocurrencies of the industry. Further, top altcoins such as BONK and Internet Computer (ICP) price have added massive value to their portfolio during the past month.

The majority of the crypto prices today were in the red, suggesting that the investors are taking a break after a recent rally in the market. Notably, the cryptos have gained significant gains over the last few weeks, before witnessing volatile trading this week, as investors assess several risks hovering over the market.

Top altcoins to buy: The cryptocurrency market is ushering in the weekend in the red, as Bitcoin price slashed gains accrued this week. It appears that sentiment surrounding the Federal Reserve projection of three rate cuts in December was not enough to get the market out of the overbought death dive.

Our column dedicated to the analysis of the crypto world continues, today featuring EOS (EOS), Internet Computer (ICP), and Polkadot (DOT).

Cryptocurrencies were mixed on Wednesday as traders waited for the upcoming FOMC, ECB, BoE, and Swiss National Bank (SNB) decisions. Bitcoin stalled at $41,000 while the total market cap of all cryptocurrencies held steady at $1.64 trillion. There were some bright spots though.

Since the invention of Bitcoin, the DeFi market, its investors, and developers have taken steps to grow the industry through new inventions. One such invention has been the BTC Ordinals, now supported by the Bioniq Ordinals marketplace.

For those who value capital preservation and are concerned about a potential recession, here are three cryptos to avoid right now.

Bioniq, a new marketplace for Bitcoin Ordinals, introduces a distinctive approach by operating on the Internet Computer blockchain.

Utah-based Bioniq unveils Bitcoin Ordinals marketplace using Internet Computer to reduce transaction cost.

Backed by Polychain, Bioniq uses Internet Computer like a Bitcoin layer-2, tapping into its time and cost savings via wrapped assets.