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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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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A CoinGecko study found that memecoins attracted nearly a third of investor interest in the crypto space this year, making them the most talked-about topic.

CoinGecko research analyst Lim Yu Qian noted in a December 23 report that between January 1 and December 21, memecoins and related categories captured 31% of investor interest.

These coins experienced significant gains and losses throughout the year, while Bitcoin rose 123% in 2024. While these tokens are often high-risk and volatile, some experienced traders made quick profits.

CoinGecko found that the “main memecoin narrative” accounted for 15% of the interest share, surpassing the previous year’s share of 6%. Additionally, four different memecoin trends were among the “top 20 crypto narratives.”

Solana-based memecoins ranked fourth with an approximately 8% share, while memecoins on Coinbase’s blockchain Base took the 11th spot with just over a 2% share.

AI-themed and cat-themed memecoins respectively captured 1.5% and 1.2% of the market share, placing 15th and 16th.

Top Crypto Categories by Traffic Market Share from January 1 to December 21

According to CoinGecko, the memecoin market cap currently stands at $113.2 billion, with Dogecoin and Shiba Inu leading at $49.3 billion and $13.8 billion, respectively.

AI Lost Its Top Spot To Memecoins in 2023 But Remained Popular

Interest in AI-related crypto tokens ranked second after memecoins, losing its top spot from last year.

However, interest in AI tokens increased compared to 2023, capturing around 13% of the market this year, up from just over 11% last year.

AI tokens accounted for about 15.5% of total interest this year.

The potential of AI agents was fully demonstrated when the AI-run X platform account “Truth Terminal” promoted the obscure memecoin GOAT, causing the token’s value to soar to $1.3 billion.

AI agent tokens currently make up only a small portion of the $44.8 billion AI crypto token market, led by Near Protocol and Internet Computer.

The Top Seven AI Coins by Market Cap

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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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Ondo Finance (ONDO), Pyth Network (PYTH), and Zetachain (ZETA) will be available for margin trading on both Coinbase International Exchange and Coinbase Advanced starting May 23, 2024, at 9:30 AM PT.

Expanding Margin Trading Services

Coinbase International Exchange, a margin trading platform for customers outside the U.S., had recently received approval from Bermuda to operate in September 2023. The exchange has been expanding its margin trading offerings, previously listing Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Stellar (XLM), Polygon (MATIC), Bitcoin Cash (BCH), Celestia (TIA), Injective (INJ), Sei (SEI), Aptos (APT), Filecoin (FIL), Sui (SUI), Polkadot (DOT), Internet Computer (ICP), and Near Protocol (NEAR) for margin trading.

Price Performance of Listed Altcoins

According to CoinGecko data, at the time of writing,

ONDO has gained 2.7% in the past 24 hours and is trading at $0.8933.

PYTH has decreased by 3.6% in the past 24 hours and is trading at $0.427.

Zeta is trading at $1.63.

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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.

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The company has not disclosed the details of this acquisition yet, but we know that the company intends to perform substantial work for the US and primarily concentrate on developments.

Last week, they published a report on their channels highlighting increased interest in blockchain and web3 technologies among universities. The purchase of BlockBeam by Rise In could be seen as significant development confirming this increased interest.

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BlockBeam is one of America’s largest education technology platforms. This merger will certainly contribute to increasing university students’ knowledge of web3 technologies.

The training programs on the platform range from basic information about blockchain technologies to technical courses like Solidity, Rust, and Substrate. Developers have filled them with all the free courses and bootcamps they offer.

Moreover, they continuously expand their content by collaborating with leading organizations such as Solana, BNB Chain, Polkadot, Sui, Internet Computer, and Ethereum Foundation.

With Rise In’s acquisition of BlockBeam, about a thousand Web3 developers will join the platform. Thanks to the partnership, the company will also be able to reach its existing university partners.

Rise In and BlockBeam, by combining their strengths, aim to encourage any developer to learn Web3 and make a career in this field.

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