The Rise of Internet Computer is Continuing: Opportunities Awaiting Investors

The Rise of Internet Computer Continues

In recent days, the local token of the Internet Computer (ICP) protocol has attracted attention with a value increase of up to %100. This rise occurred despite a %4.3 decline in the overall market, generating significant excitement among investors.

Reasons Behind the Rise

The rapid increase in ICP's value is attributed to changes in fundamental sentiment, on-chain accumulation indicators, and a revival of interest in altcoins with real utility. ICP gained %27 in the last 24 hours, trading at $6.39 and reaching an 8-month high on November 4th.

According to CoinGecko data, investor sentiment towards ICP is quite positive. It is noted that approximately %86 of investors are showing a bullish trend. This situation indicates that the potential for ICP's rising momentum continues to exist.

Fundamental Indicators and Long-Term Vision

The rise of ICP shows an increasing interest in projects with stronger fundamental indicators as the market rebalances. According to experts' assessments, investors are now moving away from speculative trends and focusing on projects that provide real benefits.
Popular analyst RushiCrypto commented, “ICP is a technology that is undervalued and overlooked by many. This situation indicates that ICP's value will increase in the future.”

Important Signals of On-Chain Accumulation

On the other hand, Nansen data revealed significant changes in ICP's supply dynamics. Exchange reserves showed a decrease of %31.4 over the past month. Additionally, the top 100 wallet addresses of ICP have increased their holdings by %30. This situation is evaluated as a sign of decreased total supply and increased confidence among large holders.

Such movements generally indicate that selling pressure has decreased and investors are leaning towards long-term positions. Unlike short-term trading, the withdrawal of tokens from exchanges typically points to more long-term strategies.

In conclusion, the Internet Computer draws attention with its innovative technologies and increasing investor interest. The rapidly rising ICP has the potential to be a sought-after investment vehicle.