Home  >  Article  >  Internet Computer (ICP) Crypto Sees 16% Value Increase This Week

Internet Computer (ICP) Crypto Sees 16% Value Increase This Week

Mary-Kate Olsen
Mary-Kate OlsenOriginal
2024-10-05 06:40:20261browse

Internet Computer (ICP) saw a 16% boost this week, fueled by a surge in network activity. Stellar Lumens (XLM) followed with an 8.2% increase

Internet Computer (ICP) Crypto Sees 16% Value Increase This Week

Internet Computer (ICP) price enjoyed a 16% boost this week, thanks to a massive 5000% surge in network activity. Stellar Lumens (XLM) followed suit with an 8.2% increase, adding some optimism to its price forecast. However, BlockDAG has outpaced both with rapid presale growth.

Within 24 hours, BlockDAG presale received large-scale purchases, collectively amounting to $2 million. This single day’s presale raised the total presale revenue to an impressive $80 million.

ICP Crypto Sees 16% Value Increase

ICP price has soared by 16% over the past week, largely attributed to an astronomical 5000% increase in network engagement. Currently priced around $9.60, ICP faces resistance at $9.90. Failure to breach this level could lead to a pullback.

However, the true highlight for ICP isn't merely the price movement, but the sharp rise in network activity. This surge is primarily driven by the popularity of applications like bob.fun, which operates on ICP's protocol. The increased activity has placed ICP ahead of several major blockchains in terms of network usage.

XLM Price Forecast: Resistance at $0.103 Looms

Stellar Lumens (XLM) price has risen by 8.2% in the past four days, reflecting a broader altcoin rally. However, it now faces a key resistance level at $0.103, which has remained strong since August. XLM has tested this level twice before and failed to break through.

If the bulls are unable to convert this resistance into support, a bearish reversal could be on the horizon. Technical indicators like the RSI show potential for continued upward movement, but investors are advised to proceed with caution.

A Closer Look at BlockDAG's Whale Influx

Presently, BlockDAG presale is witnessing unprecedented whale activity, with multiple large-scale purchases pushing presale up by $2 million in a single day. This surge has brought BlockDAG's total presale earnings to over $80 million.

Much of this excitement is driven by BlockDAG's impressive return potential. Early buyers from presale batch 1 are now enjoying a staggering 1820% ROI.

According to analysts, BDAG price could reach $20 per coin by 2027. Given that the current price sits at just $0.0192, the long-term potential is enormous, explaining why many are rushing in.

It's worth noting that BlockDAG's momentum isn't a coincidence. It's one of the few cryptocurrencies that has capitalized on the market recovery, establishing a reputation for resilience. This confidence from both small buyers and whales alike has resulted in substantial capital inflows.

Moreover, BlockDAG's recently launched testnet has been praised for its advanced capabilities. Users have applauded its scalability and ease of use, further bolstering the project's credibility.

For early BDAG buyers, the potential returns could be huge. At the current price of $0.0192, now might be the most opportune time to join before the next price surge hits.

The Top Crypto Performers: A Mixed Outlook

ICP's 16% rise in value could hit a roadblock if it doesn’t manage to surpass its resistance level. Similarly, XLM faces a critical test at $0.103, where failure to turn resistance into support could result in a reversal. Both coins face uncertain futures, with their price predictions hanging in the balance.

BlockDAG, however, appears to be on much firmer ground. After raising $2 million in a day and achieving $80 million in total presale revenue, the project has gained significant traction. Currently priced at $0.0192, analysts predict BDAG could reach $20 by 2027, offering a compelling opportunity for early adopters.

Learn About BlockDAG – Act Now Before Prices Increase:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The above is the detailed content of Internet Computer (ICP) Crypto Sees 16% Value Increase This Week. For more information, please follow other related articles on the PHP Chinese website!

Statement:
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn