12-12-2021, 12:42 PM
Internet Computer slipped into another all time low ($24.29), now down 96.5% from AT
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/re9q11/internet_computer_slipped_into_another_all_time/"> <img src="https://b.thumbs.redditmedia.com/zmVd_PM11052PC4w-HcBp6DAa2Tk-0AT2PPcUZtIKZo.jpg" alt="Internet Computer slipped into another all time low ($24.29), now down 96.5% from ATH and out of top 35. Almost every market indicators looks negative with very modest news on development. "The project remains underdeveloped as a whole even after years of work"" title="Internet Computer slipped into another all time low ($24.29), now down 96.5% from ATH and out of top 35. Almost every market indicators looks negative with very modest news on development. "The project remains underdeveloped as a whole even after years of work"" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Just 7 months ago, ICP created a phenomenon on social media when its launch with the price reaching $700.65 on 10 May 2021, making it to the top 10. But the reality soon came crushing down just a month later when it fell to the local all time low on 27 June 2021 at $30.09. It's not the bottom yet, another all time low was recorded on 21 Jul 2021 at $28.72.</p> <p>Is this enough all-time-low yet? No. ICP slipped into another all time low earlier this month at just $24.29, down 96.5% from all time high.</p> <p><a href="https://preview.redd.it/9396xx2hez481.png?width=1265&format=png&auto=webp&s=144927f6ebbcd1ed3c8c97db50391b7627ee49ad">Coingecko data about ICP</a></p> <p>ICP is now sitting at a market cap of $5B, currently ranked 37th. At its height in May, its market cap was $18.5B.</p> <p>In terms of development news, there has been very few and insignificant updates. The latest news is 2 weeks ago, in which it stated 3D NFTs make their way to ICP. No significant milestone, no real delivery or real results.</p> <p>​</p> <p><a href="https://preview.redd.it/l1ex5k34gz481.png?width=668&format=png&auto=webp&s=c6c8b067bcb6c27c1a81fdf72155be4c660cec68">‘3D’ NFTs make their way to the Internet Computer (ICP) network - CryptoSlate</a></p> <p>Another news is in relation to $172,000 NFT. It's hardly anything, compared to some other NFTs that had been sold for several millions.</p> <p><a href="https://preview.redd.it/gdxtkiqmgz481.png?width=1165&format=png&auto=webp&s=12f4c7903af258f5d0012596d496e28bc18daf1a">PokedStudio recently auctioned off a range of digital bots on an NFT marketplace, with the highest sale raking in 3,000 ICP - BeinCrypto</a></p> <p>The Simmetri report scored ICP a C- and stated "Monthly token unlocks are expected to drive the price down further", "The project remains underdeveloped as a whole even after years of work" and "Given DFINITY’s progress so far, even at current prices, the project looks significantly overvalued. As a result, we expect that the token price will continue to slide and do not recommend buying it."</p> <p><a href="https://preview.redd.it/g5qxnnf1iz481.png?width=1056&format=png&auto=webp&s=3b96277884928e1b4c0c6ca94233b560927ca2aa">Simetri report on ICP, as featured on CMC</a></p> <p>What do you think? Will ICP slip to further all time low records in the next year?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/milonuttigrain"> /u/milonuttigrain </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/re9q11/internet_computer_slipped_into_another_all_time/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/re9q11/internet_computer_slipped_into_another_all_time/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/re9q11/internet_computer_slipped_into_another_all_time/"> <img src="https://b.thumbs.redditmedia.com/zmVd_PM11052PC4w-HcBp6DAa2Tk-0AT2PPcUZtIKZo.jpg" alt="Internet Computer slipped into another all time low ($24.29), now down 96.5% from ATH and out of top 35. Almost every market indicators looks negative with very modest news on development. "The project remains underdeveloped as a whole even after years of work"" title="Internet Computer slipped into another all time low ($24.29), now down 96.5% from ATH and out of top 35. Almost every market indicators looks negative with very modest news on development. "The project remains underdeveloped as a whole even after years of work"" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Just 7 months ago, ICP created a phenomenon on social media when its launch with the price reaching $700.65 on 10 May 2021, making it to the top 10. But the reality soon came crushing down just a month later when it fell to the local all time low on 27 June 2021 at $30.09. It's not the bottom yet, another all time low was recorded on 21 Jul 2021 at $28.72.</p> <p>Is this enough all-time-low yet? No. ICP slipped into another all time low earlier this month at just $24.29, down 96.5% from all time high.</p> <p><a href="https://preview.redd.it/9396xx2hez481.png?width=1265&format=png&auto=webp&s=144927f6ebbcd1ed3c8c97db50391b7627ee49ad">Coingecko data about ICP</a></p> <p>ICP is now sitting at a market cap of $5B, currently ranked 37th. At its height in May, its market cap was $18.5B.</p> <p>In terms of development news, there has been very few and insignificant updates. The latest news is 2 weeks ago, in which it stated 3D NFTs make their way to ICP. No significant milestone, no real delivery or real results.</p> <p>​</p> <p><a href="https://preview.redd.it/l1ex5k34gz481.png?width=668&format=png&auto=webp&s=c6c8b067bcb6c27c1a81fdf72155be4c660cec68">‘3D’ NFTs make their way to the Internet Computer (ICP) network - CryptoSlate</a></p> <p>Another news is in relation to $172,000 NFT. It's hardly anything, compared to some other NFTs that had been sold for several millions.</p> <p><a href="https://preview.redd.it/gdxtkiqmgz481.png?width=1165&format=png&auto=webp&s=12f4c7903af258f5d0012596d496e28bc18daf1a">PokedStudio recently auctioned off a range of digital bots on an NFT marketplace, with the highest sale raking in 3,000 ICP - BeinCrypto</a></p> <p>The Simmetri report scored ICP a C- and stated "Monthly token unlocks are expected to drive the price down further", "The project remains underdeveloped as a whole even after years of work" and "Given DFINITY’s progress so far, even at current prices, the project looks significantly overvalued. As a result, we expect that the token price will continue to slide and do not recommend buying it."</p> <p><a href="https://preview.redd.it/g5qxnnf1iz481.png?width=1056&format=png&auto=webp&s=3b96277884928e1b4c0c6ca94233b560927ca2aa">Simetri report on ICP, as featured on CMC</a></p> <p>What do you think? Will ICP slip to further all time low records in the next year?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/milonuttigrain"> /u/milonuttigrain </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/re9q11/internet_computer_slipped_into_another_all_time/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/re9q11/internet_computer_slipped_into_another_all_time/">[comments]</a></span> </td></tr></table>Kind Regards R