Internet Computer (ICP) Price Prediction: Potential Bull Run or Deceptive Pump?

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Internet Computer’s (ICP) native coin has increased over 5% in the past 24 hours. ICP trading volume also saw a 56% increase in the last 24 hours, placing the value over $30 million.

Internet Computer (ICP) Price Action

Over the past 7 days, ICP has been uptrend, gaining 5.46% in its price. Also, in the last 30 days, the price of ICP increased by 4.2%, creating a potential buying opportunity for quick investment.

This remarkable price move has made traders wonder if the pump is a potential bull run or will be short-lived.

ICP Technical Analysis Using Indicators

According to the chart, ICP/USDT is trading above the 50-Day Simple Moving Average and heading toward the 200-Day SMA. This indicates that the bulls are building strong momentum, signaling a potential uptrend.

Also, the Relative Strength Index, at 59, suggests that the asset’s recent gains outweigh its losses, indicating a positive momentum. The RSI is facing upwards indicating more rallies ahead as the asset moves to the overbought region of 70 and beyond.

The Moving Average Convergence Divergence (MACD) indicator above the signal line and the green histogram bars also supports the present bullish sentiment. The combination of the 50-Day SMA, MACD, and an RSI at 59 support the view of a bullish trend in the asset’s price.

However, investors should consider additional factors before making any trading decisions. They should thoroughly analyze and consider other factors before buying more or selling their holdings.

Technical Resistance/Support Levels of ICP

After several attempts to break the key support level at $3.9, the coin is heading toward the significant resistance level at $6.8. If the coin successfully breaks above $6.8, the next resistance level to watch for would be $8.2.

On the other hand, if the bears (sellers) regain control and the price drops below the key support zone at $3.9, it may indicate a shift in momentum.

The next point of interest for investors would be $3.38, as it is a level where there could be renewed buying interest or support for the coin.

Expert’s Price Prediction on ICP (200)

As of July 28, 2023, the near-term forecast for the ICP price appeared positive, as suggested by CoinCodex, a crypto data service. They reported that 17 technical analysis indicators indicated a bullish trend, while only 10 showed a bearish outlook.

CoinCodex’s prediction indicated that the Internet Computer token could potentially increase in value and reach $4.1 by August 1, 2023. Wallet Investor, an algorithm-based forecasting service, provided a positive price prediction for the Internet Computer token in 2023.

They projected the price to potentially increase to $4.3 by July 31. However, their forecast suggested a potential decline to $0.378 by October 2027. DigitalCoinPrice had a more optimistic outlook in its price prediction for the Internet Computer (ICP) token.

According to their estimates, the ICP price could reach an average of $5.20 in 2022 and $8.07 in 2023. Looking further ahead, their prediction for 2025 showed a potential average price of $13.03, with further growth to $27.18 by 2030.

According to Price Prediction.com, Internet computer prices are predicted to reach a minimum level of $4.73 in 2024. The Internet Computer price can reach a maximum level of $5.36 with an average price of $4.93 throughout 2024.

Wall Street Meme Presale

Wall Street Memes is a meme coin project with plans to bring back the historical culture of the original Wall Street dwellers. The project uses meme power to connect to the crypto industry and unite small-time investors with solidarity.

WSM is the native token of the project and has quickly become the latest sensation in the realm of meme coins. Since the launch of its presale, the token has witnessed unparalleled success, sparking enthusiasm among investors and traders alike.

With an impressive social media following of over 1 million, Wall Street Memes has captured the attention of a vast audience within the crypto space. As a result, expectations are high, and many anticipate a significant increase in its value.

Musk’s Twitter Interaction Boosts Wall Street Meme’s Online

Wall Street Memes has garnered attention from a notable figure in the memecoin realm, Elon Musk, the billionaire CEO of Tesla and SpaceX.

He responded to several tweets from the Wall Street Memes Twitter account, which many interpreted as an indirect endorsement boosting the brand’s appeal.

This interaction with Musk has fueled excitement and hype among the rapidly growing community of $WSM supporters. Even indirect endorsements from influential figures like Musk can greatly impact a token’s price potential in meme coins.

It’s no wonder that the $WSM community is extremely positive about the project’s prospects.

Additionally, Wall Street Memes has secured the support of two prominent crypto personalities, Aaron CryptoNoob and Crypto Jamie. They have become brand ambassadors and are actively promoting the project on their social media platforms, further enhancing $WSM’s visibility.

Features of Wall Street Memes

Wall Street Memes stands at the forefront of the meme coin movement, embodying a narrative around humor, internet culture, and meme-driven trends.

With a playful and lighthearted approach, the project leverages the power of memes to engage and connect with its community. At its core, WSM embraces an anti-capitalist storyline, challenging the dominant influence of traditional Wall Street institutions and aiming to establish a more equitable financial system.

The project seeks to empower small investors and advocate for greater economic independence, regardless of individual backgrounds. Lastly, another feature contributing to Wall Street Memes’ success is its community-driven philosophy. The project emphasizes the collective power of its community, recognizing the significance of diverse perspectives.

Wall Street Memes Presale Performance

The Wall Street Memes presale has raised an impressive sum of over $18.3 million, nearing its $20 million hard cap. This enthusiastic response from investors indicates significant interest in the token and positive expectations for its future success.

The token is priced at $0.0325, with four days left for the next phase. The token will then be sold at a slightly higher price of $0.0328. Following the presale, $WSM will be listed on multiple exchanges, attracting a broader investor base and fostering further growth within the community.

Strong Tokennomics & Roadmap Secure $WSM’s Future Growth

Wall Street Memes possesses an impressive tokenomics system that is expected to contribute to the price growth of $WSM.

The project’s whitepaper details that 50% of the total token supply is allocated to marketing, 30% to reward the community, and 10% each for CEX and DEX liquidity.

This design ensures that a substantial portion of the $WSM supply is dedicated to rewarding community members and maintains enough liquidity to support the token’s expansion. The project’s roadmap is well-defined and enticing, making it even more appealing to potential investors.

The development team has outlined ambitious plans for $WSM, including Tier-1 CEX listings, an exclusive “gated community,” and aiming for a $1 billion market cap.

With strong tokenomics and a well-laid roadmap, there is speculation that $WSM could experience significant growth 10x once it hits exchanges.

Memecoin projects with solid community support and influencer endorsements often see impressive returns. $WSM has the potential to be more than just another meme coin, becoming a value-driven asset with substantial returns for early investors.

How to Buy

To acquire Wall Street Memes tokens ($WSM), interested investors can use either MetaMask or Trust Wallet by following these straightforward steps:

Start by setting up a cryptocurrency wallet to store the $WSM tokens securely.
Connect your chosen wallet to the Wall Street Memes presale platform.
Swap compatible tokens such as ETH or USDT for Wall Street Memes tokens.
Confirm the transaction according to the on-screen instructions.

After the presale concludes, you can claim your acquired $WSM tokens and anticipate their listing on various exchanges for further trading and investment opportunities.