- Santiment tweeted this morning that ICP has seen sturdy optimistic motion over the weekend.
- The put up attributed ICP’s excellent efficiency to the height of ICP’s social dominance.
- At press time, the altcoin is down from its each day low however continues to be up 2.47% previously 24 hours.
Blockchain intelligence agency Santiment tweeted this morning that the worth of Web Laptop (ICP) has rallied to $6.50 not too long ago. In accordance with Tweeterthe altcoin posted a powerful worth efficiency over the weekend as a lot of the crypto market remained considerably dormant.
Along with ICP’s sturdy worth efficiency over the weekend, the altcoin additionally noticed a spike in its social dominance. Santiment’s tweet added that ICP’s social dominance has reached its highest degree since its 2nd public month. In accordance with the put up, this has been the primary driver behind the 8+% enhance in ICP over the previous two days.
As of press time, ICP’s worth retreated barely after hitting the $6.50 cap. CoinMarketCap exhibits that ICP’s worth is at the moment buying and selling at round $6.42. Nonetheless, the altcoin worth nonetheless posted a 2.47% 24-hour acquire in opposition to the US greenback.
The value of ICP didn’t cease climbing as soon as it hit $6.50 as the worth of the crypto set a each day excessive of $6.79 previously 24 hours. ICP’s current optimistic worth motion has additionally seen it outperform the 2 crypto market leaders. At press time, ICP is up 2.58% in opposition to Bitcoin (BTC) and a couple of.16% in opposition to Ethereum (ETH).
ICP’s each day chart exhibits that the worth of the altcoin rose from a low of $5.282 final Thursday to a excessive of $6.280 yesterday. ICP worth nevertheless was unable to shut yesterday’s buying and selling session above this degree, forcing it again into the each day Bollinger bands.
There’s some promoting strain being utilized to ICP’s worth at press time, which can merely be the results of merchants taking earnings who had been capable of capitalize on the transfer. The 9-day EMA line ricocheting off the 20-day EMA line final Thursday means that ICP worth will proceed to rise within the subsequent 24-48 hours if it might probably face up to the slight promoting strain.
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