Main Reason Behind ICP’s Price Increase

The primary catalyst behind ICP’s price surge is the Mission 70 whitepaper published by DFINITY. Released on January 13, 2026, this document outlines a dual strategy aimed at reducing ICP inflation by at least 70% by the end of the year. On the supply side, reforms are expected to account for 44% of the total reduction, including adjustments to voting rewards, node provider rewards, and reward pools. On the demand side, the strategy focuses on increasing network usage through on-chain applications and new cloud engine products.

Investors believe the Mission 70 strategy will significantly reduce token supply and have a positive long-term impact on price. These expectations have driven higher market participation and trading activity, with ICP’s 24-hour trading volume rising to nearly $600 million. This sharp increase in volume reflects growing investor confidence and strengthening short-term momentum, increasing the likelihood of ICP testing higher levels in the coming days.

Technical Analysis: Resistance and Support Levels

ICP’s recent recovery began from around the $3 low and has pushed the price to approximately $4.5, representing a gain of nearly 50% in a short time. Weekly charts indicate that ICP is consolidating just below a critical supply zone between $4.8 and $5.9. A clean breakout above this range would be an important signal for the sustainability of the uptrend.

Momentum indicators support the bullish outlook: the MACD points to continued upside momentum, while the RSI reflects increasing demand and buying pressure. These technical signals suggest ICP could continue its rally by forming higher highs and higher lows.

ICP’s Market Performance and Daily Gains

Over the past 24 hours, ICP has surged by more than 25%, closing its second consecutive session in positive territory. According to CoinGecko data, ICP ranked at the top of the daily performance table among the top 100 cryptocurrencies. While this rise aligns with broader market movements, ecosystem-specific fundamental developments have further strengthened investor confidence.

Evaluation

ICP’s recent rally is strongly supported by the Mission 70 reforms and the sharp increase in trading volume. Reduced supply and rising demand are reinforcing price action in the short term. The key resistance zone lies between $4.8 and $5.9; a break above this area could open the door for a move toward the $10 target. For investors, the key takeaway is that improving supply–demand dynamics and growing network usage are major factors driving ICP’s price higher in the near term.

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The post Why Is Internet Computer (ICP) Price Rising? appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USD pair has gained 1.29% in the last 24 hours and is currently trading at $85,448. If Bitcoin (BTC) loses the $80,800 support level, the next key support is at $78,000. On the upside, the first resistance level is at $86,800, followed by $90,600.

Ethereum (ETH): The ETH/USDT pair has decreased by 0.34% in the last 24 hours and is currently trading at $2,229. Resistance levels for ETH are at $2,295, followed by $2,370. Support levels are at $2,150 and $2,050.

Internet Computer (ICP): The ICP/USDT pair has decreased by 1.11% in the last 24 hours and is currently trading at $6.44. Resistance levels for ICP are at $6.65, followed by $7.40. Support levels are at $6.12, with further support at $5.60 if the decline deepens.

Mina (MINA): The MINA/USDT pair has decreased by 1.52% in the last 24 hours and is currently trading at $0.31. Resistance levels for MINA are at $0.326, followed by $0.37. Support levels are at $0.293, with further support at $0.274 if the decline deepens.

Optimism (OP): The OP/USDT pair has decreased by 3.43% in the last 24 hours and is currently trading at $1.04. Resistance levels for OP are at $1.09, followed by $1.19. Support levels are at $0.96, with further support at $0.79 if the decline deepens.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market include Sonic (prev. FTM) (S), Berachain (BERA), and Solana (SOL). The top gainers list features The Grays Currency (PTGC), Ket (KET), and Peanut the Squirrel (PNUT). Meanwhile, the top losers list includes Tokenize Xchange (TKX), Morpho (MORPHO), and AI Companions (AIC).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation on the upside is at the $86,780 level, with $35.68 million in liquidations. On the downside, the key liquidation level stands at $84,476, with $31.89 million in liquidations.

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Bitcoin (BTC) Key Intraday Levels

The BTC/USD pair has gained 0.87% in the last 24 hours and is currently trading at $98,688. Bitcoin (BTC) broke through the $98,504 resistance level, making a strong upward move. If the rally continues, the next major resistance level is $101,545. On the downside, the $98,504 level now acts as the first support, while a deeper pullback could see BTC testing the $91,221 support level.

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Ethereum (ETH): The ETH/USDT pair has gained 2.30% in the last 24 hours and is currently trading at $2,847. The first key resistance level stands at $2,877, followed by $2,930 if the uptrend continues. In case of a decline, support can be found at $2,724, with a deeper drop potentially testing $2,366.

FTX Token (FTT): The FTT/USDT pair has surged 8.19% in the last 24 hours and is now trading at $2.1498. The first major resistance level is at $2.2388, and if bullish momentum persists, $2.3313 could be the next target. On the downside, initial support is at $2.0205, while further selling pressure could push the price down to $1.8059.

Internet Computer (ICP): The ICP/USDT pair has lost 0.07% in the last 24 hours, currently trading at $7.132. Resistance levels are identified at $7.314, followed by a higher resistance at $7.783. If the price declines, support is expected at $6.885, with a further drop potentially reaching $6.114.

Bitcoin Cash (BCH): The BCH/USDT pair has lost 0.08% in the last 24 hours and is currently priced at $333.2. The first resistance level is at $338, with $355.1 as the next key target if bullish momentum increases. Support levels are found at $323.4, and a deeper correction could push the price down to $304.2.

Trending Coins in the Market

Over the past 24 hours, the most trending coins in the crypto market include Elon4AfD (ELON4AFD), Ondo (ONDO), and Hyperliquid (HYPE).

The top gainers of the day are The Grays Currency (PTGC), MEOW (MEOW), and BTSE Token (BTSE). On the other hand, the biggest losers are Fartcoin (FARTCOIN), Plume (PLUME), and ai16z (AI16Z).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation level on the upside is at $99,101, with $26.58 million in liquidations. On the downside, there is also a significant liquidation level at $97,145, totaling $26.58 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: 6 February appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has gained 0.41% in the last 24 hours and is currently trading at $94,826. Bitcoin (BTC) briefly dropped below the previously indicated $92,503 support level but quickly recovered. If it continues to rise, it needs to close above the $94,703 resistance level. The support levels are $93,138 and $92,503, respectively.

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Ethereum (ETH): The ETH/USDT pair has gained 0.20% in the last 24 hours and is currently trading at $3,275. The resistance levels for ETH are $3,440 and then $3,535. The support levels are $3,290 and $3,217.

Flare (FLR): The FLR/USDT pair has gained 9.25% in the last 24 hours and is currently trading at $0.02543. The resistance levels for FLR are $0.02566 and then $0.02758. The support levels are $0.02401 and, if the decline deepens, $0.02263.

Jupiter (JUP): The JUP/USDT pair has gained 2.22% in the last 24 hours and is currently trading at $0.81. The resistance levels for JUP are $0.837 and then $0.914. The support levels are $0.788 and, if the decline deepens, $0.745.

Internet Computer (ICP): The ICP/USDT pair has gained 2.41% in the last 24 hours and is currently trading at $10.5. The resistance levels for ICP are $10.71 and then $11.37. The support levels are $9.93 and, if the decline deepens, $8.83.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market include ANDY (ANDY), Butthole Coin (BUTTHOLE), and ai16z (AI16Z). The top gainers are Theta Fuel (TFUEL), Popcat (POPCAT), and INSURANCE (INSURANCE), while the top loser is CHEX Token (CHEX).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map of Bitcoin, a significant liquidation is observed at the $95,459 level with $26.91 million. On the downside, the $93,622 level has $27.21 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: 12 January appeared first on Coin Engineer.

ICP Hub Sahara’s Role

During the second DecaHack cohort hosted at the University of Ibadan (UI), the co-founder of ICP Hub Sahara, an official branch of the Internet Computer Protocol ecosystem, underlined the need for interacting with blockchain technology. Under ICP, DecaHack is an online blockchain bootcamp project with a hackathon and a stage pitch competition for prizes.

Adebajo emphasized that neglecting blockchain might have dire consequences for the future of the nation.

Designed for a public, smart contract-capable mainnet blockchain, the Internet Computer allows developers to create non-fungible coins and distributed apps (DApps).

Combining innovators, professionals, and blockchain aficionados from all throughout Africa, the event seeks to promote talks, presentations, and networking to advance the technology scene on the continent.

Promoting Technical Skills

Ucheena Agams, Web3 ambassador for Arbitrum, examined in his talk “The Future of Interoperability: How Web3 Innovators Could Bridge the Gap Between Blockchain and DApps” how Web3 innovators might solve the interoperability gap. His observations highlighted how easily Web3 technology could link several blockchain systems.

Agams dug into the technical side of front-end development, showing the vital role front-end designers play in creating user interfaces and experiences for applications and websites. His talk focused on the need for front-end abilities to enable blockchain technology to be understandable and user-friendly.

Future Prospects and Rewards

The organizers of the competition said that the top five firms will get rewards totaling up to $25,000 free of equity. Winners will also advance to the most well-known blockchain hacking conference, the national grand finale for Nigeria. Every finalist will also get mentoring, advice, and access to ICP grant submissions.

The project intends to set Nigerian young people up for success in the worldwide digital economy by motivating them to interact with blockchain technologies. This proactive strategy is supposed to increase technical innovation, support national development projects, and guarantee Nigeria stays competitive in the fast-changing tech scene.

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The listing news comes as Bitcoin (BTC) and Ethereum (ETH) trading volumes lag behind altcoins in South Korea. According to an announcement on Bithumb’s official website on June 12, ICP deposit transactions have already begun and listing will take place today at 12:00 TSİ.

The exchange stated in its announcement that ICP deposit transactions will only be open for the Internet Computer network. Bithumb also warned that transfers from other networks should not be made.

It was stated that ICP will be traded in South Korean Won (KRW) parity and after this listing, investors will be able to trade on the ICP/KRW trading pair.

According to CoinGecko data, ICP increased by 9.5% to $10.8 from $9.85 with the listing announcement from Bithumb. ICP is currently trading at $10.36, parallel to a slight correction at the time of writing.

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The post Major South Korean Crypto Exchange Bithumb Lists New Altcoin appeared first on Coin Engineer.

XRP’s Struggle and ADA’s Plunge

XRP, which is ranked as the sixth most valuable cryptocurrency with a market cap of roughly $28.56 billion, has had its market value crash to $0.51, representing a 17.69% fall since one month. At the same time, ADA, which is trading at $0.45, slides by 30.29% in its monthly performance.

Opportunities Amidst Market Volatility

Despite the fact that Bitcoin is primarily to blame for the recent price corrections, analysts generally have a bullish outlook.

Analyst Insights and Buying Opportunities

According to the analytic platform Santiment, altcoins are currently at a huge discount rate with respect to the upcoming bull rally. Colin Wu, a famous Asian-based reporter, compiles a compilation of the top 37 cryptocurrencies with negative growth on a year-to-date scale, bringing to light the possible buying opportunities in the turbulent market.

Navigating Altcoin Losses and Gaining Momentum

Some other significant altcoins, ICP, LINK, and AVAX, are also in the red, which reflects the market conditions. For example, ICP has experienced a slight negative growth year-to-date, trading at $13 now as a result of a rise earlier in the year. AVAX, which has been showing an upward trend since November 2023, now has a 38.7% loss monthly at the market price of $34.2. Also, LINK and other assets like APT and XLM registered negative growth, which suggests a general trend in the altcoin market.

Anticipating the Next Market Cycle

While the crypto market is in a phase of rather unstable conditions, investors are continuously on the lookout for signs of the next market rally. According to industry analysts and market intelligence, altcoins XRP and ADA, among others, may represent assets that are at a discount but are preparing for future growth, with Bitcoin and Ethereum at the forefront.

The post Altcoins’ Decline Signals Discount Opportunities appeared first on Coin Engineer.

Experiencing a 70% surge, the ICP token has secured a spot among the top gainers. Its recent uptrend, rising from $4 to $20 within a month, has caught the attention of investors amidst the current bullish trend in the crypto market. But what exactly is driving this surge in ICP price? Let’s delve into the details.

Analyzing ICP Price Movement

ICP serves as the native token of Internet Computer, a blockchain network that focuses on building systems and services. It holds a prominent position in the cryptocurrency market, ranking 18th on CoinmarketCap with a market capitalization of $8,737,740,195 following a 12% surge. Trading volume has also seen a significant increase, reaching $627,219,401 after a 30% hike.

ICP Price Analysis

As of now, the ICP price stands at $19.09, marking a 13% surge from the previous day. Throughout the week, ICP has displayed strong price momentum, witnessing a 71% surge. This upward trend propelled prices from $10 to the current value of $19.09.

However, it’s worth noting that despite the recent surge, ICP still lags significantly behind its peak value of $750.73 recorded three years ago, currently sitting at 98% below its all-time high.

Some analysts predict that ICP’s price may surpass the $60 mark by the end of April. The bullish sentiment prevailing in the market has contributed to ICP’s positive momentum, with the token experiencing bullish trends for over 17 days in the last 30 days.

Key Factors Driving ICP Price Surge

Recent developments within the organization have played a crucial role in driving the surge in ICP price. Despite facing losses previously, the unique functionality offered by the ICP protocol has maintained its demand.

The Internet Computer platform unveiled its plans for AI development, marking its entry into the realm of blockchain-powered AI Smart Contracts. These AI Smart Contracts are currently operational on DFINITY’s Internet Computer testnet, with plans for deployment on other public networks in the future.

Dominic Williams, the founder of ICP, shared his vision for the program, highlighting its potential applications. In a recent post, he outlined plans for AI integration, envisioning smart contracts capable of conducting tasks ranging from organizational coordination to Ethereum contract auditing and KYC verification autonomously.

Conclusion

With the recent surge in ICP price, optimism runs high for the token’s performance in the days ahead. The crypto market’s recovery from bearish trends, coupled with extreme greed sentiments, suggests that ICP may continue its upward trajectory, potentially surpassing the $20 mark in the near future.

The post ICP Price Surges as Network Ventures into AI Sector appeared first on Coin Engineer.

The post Internet Computer (ICP) Price Prediction 2024-2033 appeared first on Coin Engineer.

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Coinbase was sued by the SEC in June for allegedly operating as an unregistered broker, dealer, and exchange. Coinbase denied the allegations, arguing for the dismissal of the case and accusing the regulator of adopting a “regulation by enforcement” approach.

The exchange attorney William Savitt explored how securities are defined and pointed out the difference between “investing in Beanie Baby Inc. and buying Beanie Babies.”

In its June complaint, the SEC said that tokens such as SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO are securities.

Savitt made an explanation about Coinbase

Savitt noted that Coinbase does not argue that tokens listed on its website can never be considered securities.

“We do not accept the view that token transactions can never be investment contracts,” he said, adding that the SEC did not present any allegations in its case that meet the definition of an investment contract.

He also said that Coinbase agrees with the SEC that a formal contract signed by the buyer is not necessary to create an investment contract. However, he still said that token buyers reading technical reviews and other information about token projects does not mean they are buying investment contracts.

Savitt also rejected the SEC’s thesis that token sales on Coinbase should be considered investment contracts because token projects may have made certain promises to buyers and buyers may have bought tokens in the hope of a price increase.

“There needs to be a statement intended to convey an enforceable promise,” Savitt said. “That is the irreducible minimum of what could be considered an investment contract.”

The Coinbase attorney said that what really distinguishes blockchain tokens from securities is that a person who buys a stock, whether directly from an issuer or on a secondary market, receives all the rights that ownership of those securities confers, but that is not the case for tokens.

The post Coinbase Files Suit to Determine Whether Tokens Listed on Its Exchange Are Securities appeared first on Coin Engineer.