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The Internet Computer price soared 22% to trade for $17.049 as of 07:07 a.m. EST time as trading volume surged 125%.
The ICP price has jumped nearly 60% over the last week, after bottoming out at $10.721 on March 19. Since then, the Internet Computer price has recorded a steady series of higher highs, characterized by consistent green candlesticks as bullish sentiment grew.
With significant averages rising, investors have been focused on positive price action.
It points to interest in the ICP token, amid growing network popularity as investors line up behind the choice protocol for full-stack general-purpose software.
All the crypto gimmicks are eventually great marketing for #ICP, as the protocol for full-stack general purpose software that actually does what it claims.
— ∞ 3erik Potter ∞ (@integral_wizard) March 25, 2024
According to some traders and analysts, the ICP is in price discovery mode as other cryptocurrencies re-gain previously achieved levels.
As i expected, #bitcoin📷 had nice weekly close, creating optimistic hammer candle, what can mark further upper movement. #btc📷 needs time and patience though. Rest of #crypto is slowly re-gaining previously achieved levels. Some, as #icp are in local price discovery mode. pic.twitter.com/8rdHZMD72T
— aGent (@aG3ntPL) March 25, 2024
As the Internet Computer price hits a 23-month high, ICP longs, and proponents have their eyes peeled on the $20 mark.
Internet Computer Price Prediction
The Internet Computer price has cleared previous peaks, including the $16.990 peak recorded on March 5. Based on the outlook of the technical indicators, the market is leaning in favor of the upside.
The Relative Strength Index (RSI) at 68 shows there is still more room north before ICP is considered overbought. The Awesome Oscillator (AO) histogram displays consistent green, indicating growing bullish sentiment. With this, analysts anticipate positive price action.
Enhanced buying pressure could see the Internet Computer price shatter the resistance at $17.335. In a highly bullish case, the ICP price could extrapolate the gains to the $20.000 psychological level. Such a move would constitute a climb of around 17% above current levels.
TradingView: ICP/USDT 1-day chart
On the flip side, if traders start cashing in on the gains made over the last six days, the Internet Computer price could retract, wiping out all the ground covered. A break and close below the midline of the market range, marked by the 50% Fibonacci retracement of $12.942 would provoke massive sell orders.
Such a directional bias could send the Internet Computer price all the way to the $10.298 support.
But while ICP holders continue to rake in profits, experts say GBTC might be poised for 100X gains as it continues to turn heads.
Promising Alternative To Internet Computer
GBTC is the ticker for the Green Bitcoin ecosystem, a BTC derivative and cryptocurrency project that uniquely merges the legacy of Bitcoin with the eco-friendly attributes of Ethereum.
The project aims to create a unique way of generating passive income by giving investors a chance to earn not only from the token’s price increase but also from accurately predicting Bitcoin’s future price.
There are up to 100% token bonuses for the fresh BTC price prediction challenges presented daily and weekly.
Introducing Green Bitcoin: A Revolutionary Predict-To-Earn Token.
Join us on our Gamified Green Staking Platform, where your predictions can turn into profits!
Website: https://t.co/dG5cEeCtRs
Telegram: https://t.co/bWanoe0vHv pic.twitter.com/eXuGQBkxio— GreenBitcoin (@GreenBTCtoken) December 3, 2023
It runs on the Ethereum infrastructure via the ERC-20 token standard, and uses 10,000 times less energy than traditional Bitcoin. Operating on the energy-efficient Ethereum Blockchain helps reduce the energy consumption of $GBTC to almost zero. If you care about the planet, then consider Green Bitcoin.
Green Bitcoin goes GLOBAL, with our campaign drawing thousands of supporters from every corner of our world.
We thank you. pic.twitter.com/dRUyegB7PQ
— GreenBitcoin (@GreenBTCtoken) March 7, 2024
Green Bitcoin Staking
The project also presents sustainable staking model called ‘Gamified Green Staking’ where users can earn passive income through staking rewards.
Users get to earn passive income through staking rewards that currently stand at 76% annually. The distribution of $GBTC token rewards will occur at a rate of 1.6 $GBTC tokens per Ethereum (ETH) block.
The project has already attracted upwards of $8.9 million and is now offering a last chance to buy before the presale ends.
GBTC tokens are priced at $1.1062 each, a price tag that lasts for about another three days or until the presale closes. Act fast if you are interested before it’s too late.
You can buy GBTC using ETH, USDT or a bankcard.
Visit Green Bitcoin to buy GBTC here.
Also Read:
- Prediction: Here’s Why Green Bitcoin Will Climb 10X on its Launch
- Should You Consider Adding Green Bitcoin To Your Investment Portfolio? Cilinix Crypto Presale Reviews
- Michael Wrubel Presale Review of Green Bitcoin – Can This New Crypto Ride The Bitcoin Rally?
- Predict-To-Earn Gets Crypto Community Excited, Thousands Rush To Invest In Green Bitcoin (GBTC) Presale
- 5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities!
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