Is Internet Computer Crashing? ICP Price Drops 8% as Bitfinity Excites the Crypto Community
The price of Internet Computer’s native token, ICP, has experienced a sudden 8% drop, leaving many holders concerned about the future. This decline comes at a time when the crypto community is buzzing with excitement over Bitfinity’s layer-2 scaling for Bitcoin DeFi, which will utilize side-chains deployed on ICP.
ICP Price Analysis: Will Internet Computer Breakout or Retrace?
Currently trading at $12.90 with a 24-hour change of -1.33%, Internet Computer’s price is struggling to break out of a consolidation phase. It is likely to retest the 20DMA support level at $12.026. If this support holds, it could signal a bullish trend.
On the downside, lower supports can be found at $10.32, $8.62, and the 200DMA at $4.8. The RSI indicates a cooling-down period with moderate bearish divergence, while the MACD suggests stalling momentum.
In summary, Internet Computer is currently consolidating and preparing for another attempt to push higher after retesting the 20DMA support level.
Bitcoin Minetrix: A New Solution for Bitcoin Mining
Bitcoin mining has become increasingly centralized, with two mining pools capturing over 55% of all block rewards. This centralization raises concerns about network security and decentralization.
In response to this challenge, Bitcoin Minetrix offers a decentralized cloud mining solution that allows retail investors to participate in Bitcoin mining securely and transparently. It operates on the Ethereum blockchain and redistributes mining profits from large corporations to individual investors through its Stake-to-Mine system.
With the upcoming Bitcoin halving, Bitcoin Minetrix provides an opportunity for investors to benefit from the potential surge in Bitcoin’s value. The ongoing BTCMTX presale has already raised over $8 million towards its
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