2022 has began on the best foot for Internet Computer (ICP). Though sentiment in broader crypto continues to be sluggish, ICP has been surging. The coin has in truth outperformed all crypto property within the final 7 days, gaining almost 50% in worth. However the place will this uptrend take it? Evaluation to comply with under however first, take a look at the highlights:
The 7-day surge has seen Web Pc (ICP) rally 70% above its lowest value seen in December 2021.
On the time of writing, the coin was promoting for $36.12, up 5% in intraday buying and selling and with a market cap of $6.7 billion.
Web Pc (ICP) is likely one of the newer blockchain tasks launched in Might 2021.
Information Supply: Tradingview.com
Web Pc (ICP) – Value motion and evaluation
The previous 7 days have been bullish in each method for ICP. Each technical indicator is constructive proper now too. For starters, the coin has surged nicely past its 25- and 50-day shifting averages.
ICP has additionally smashed previous its $30 resistance, and present momentum will simply take it above $40 within the days forward.
The Relative Energy Index (RSI) additionally exhibits a really constructive studying. We don’t see loads of headwinds proper now. Apart from, as sentiment within the broader market improves, ICP is prone to additionally see extra features.
Why you should purchase Web Pc (ICP)
Since launching in Might 2021, Web Pc (ICP) has gone on to change into one of the vital beneficial crypto tasks on the earth. The blockchain can also be beginning to construct up its ecosystem with a number of high-profile DApps.
It has at all times been long-term guess, particularly for the kind of investor eager on alternate options to conventional blockchains. The current 50% 7-day uptrend is the clearest indication that ICP is headed for very good returns in 2022 and past.