The price of computer currency on the Internet has increased by a percentage 235% From $2.50 to $9.49 between November 1 and 8 before stabilizing around $7, coinciding with increased speculation on the Coinbase Launchpad, which boosted interest among small investors.
Rumors are reporting potential partnership opportunities, as the crypto community on the
While there is no official announcement from the Coinbase platform yet, speculation is in line with the platform’s approach to expanding beyond traditional listing activities to include Web 3 and decentralized finance (DeFi) projects.
This increase coincides with the launch of the Caffeine AI platform on November 4 by the DFINITY Foundation. This platform, which does not require writing code, is a tool that allows users to create artificial intelligence agents (AI Agents) and decentralized applications (dApps) via natural language commands.
“Innovation has ledInternet writes itself(Self-written Internet) made daily gains amounting to 45%, with the price of Internet Computer coin hitting $5.20, with trading volumes increasing 131% to $875 million, while the value of valid derivative contracts jumped 92% to $185 million.
Decentralized infrastructures prove their resilience
A fully blockchain-based Internet computer currency architecture showed clear benefits during the Amazon Cloud Services (AWS) outages in October and November, which disrupted decentralized applications (dApps) based on the Ethereum blockchain and the Solana blockchain that rely on centralized cloud services.
The Internet computing protocol has enabled users to process millions of daily smart contract transactions without interruption across 1.2 million active wallets, further cementing its position as “fully decentralized.”
For its part, the number of mid-sized wallets holding internet computer currency balances in quantities ranging from 10,000 to 100,000 ICP tokens registered its highest level ever after increasing by 30%, while the supply of currency available on the platforms decreased by 31.4%, indicating a decline in selling pressures.
It is worth noting that the protocol allows for the final and rapid completion of transactions in just one second thanks to Chain Key encryption technology. It also supports a fee payment saving mechanism, allowing users to avoid paying fees when interacting with decentralized applications.
Turning to the fundamentals of the currency, the total value locked (TVL) within the technical system increased by 24.91% to $28 million, while the value of the stablecoins within it reached $5.28 million.
It should be noted that approximately 45% of the currency supply remains reserved through the Decentralized Autonomous Organization (DAO) mechanism, which constitutes the mainstay of development and governance activities, without additional cancellations that could expose the currency to inflationary pressures, in addition to carrying out periodic burning operations of monetary balances in order to support the IT mechanisms.
Technical tests of previous resistance barrier breakout
The Internet Computer Currency price is currently retesting the $6.97-$7.00 range after turning into support, which provides the price with support that allows it to break through the descending path that spans several years, especially since it represents the previous stability barrier, and turning into the support zone allows it to continue rising and test the $10 and $12.79 barriers.
Furthermore, the formation of an increasingly large bull flag over short time frames indicates continued volatility as the range of price movements widens.
The daily charts reveal a strong upward rebound from the $2.12 support level, which allowed the price to penetrate the previous stability zone, while the price stability above the $6.97 level is expected to confirm its transformation from a resistance barrier into support, which will provide a strong starting base that can push the price towards $12.79, an increase of 88%.
That said, the Relative Strength Index (RSI) reached 93.4 at the height of the momentum before recently retreating from the overbought range.
It is worth noting here that the price crashed 99.6% from its initial launch level of $700 to record its lowest level at $2.50 in October before recovering recently, and if the price fails to consolidate above $7, it is likely to decline towards the $5.50 to $6.00 support range.
However, the currency’s passage through a strong consolidation wave above the current level, with confirmation of increased trading volumes, could push the price to test the nearest resistance barriers at $8 and $9 with a view to reaching $12.7. Currently, the market value of Internet Computer Coin is $3.69 billion, ranking it 32nd among digital currencies according to CoinMarketCap.
For its part, the Caffeine platform will work to consolidate Internet Computer’s position as a leading currency in the field of decentralized intelligent computing, with analysts predicting that its price could reach $10 by December 2025 if adoption of its solutions increases and burning activities exceed the 5% inflation rate.
The protocol was launched on May 10, 2021, according to an ambitious vision aimed at broadening the scope of Internet uses to become a global and decentralized computer that manages websites, business systems and completely decentralized applications on the blockchain.
A second-layer solution aimed at expanding the Bitcoin technical ecosystem
Internet computing infrastructure innovations highlight efforts to give blockchain networks the ability to scale, especially as the Bitcoin blockchain still faces many challenges.
Therefore, the Bitcoin Hyper-HYPER project seeks to match the high-speed transactions of the Bitcoin blockchain to its Solana blockchain counterpart by providing an advanced second-layer solution that allows users to make near-instantaneous transactions at low cost while maintaining the highest levels of security.
Users will use the linking tool to transfer Bitcoin balances (Bitcoin-BTC) They will join the project’s new network in order to access decentralized finance (DeFi) protocols, non-fungible token (NFT) stores and Web 3 games.
It is worth noting that Bitcoin Hyper IPO is set to raise $27 million in preparation for launching its mainnet, relaunching liquidity pools, and entering into partnerships.
In addition to availability Bitcoin Hyper Its owners have a lucrative mortgage facility that offers an attractive annual return of 60%, which will be used for governance and payment of fees. This project stands out by providing a platform that combines the speed of transaction completion with smart contracts compatible with the Ethereum Blockchain, enabling other uses of Bitcoin in addition to preserving value.
Interested individuals can purchase the currency using their digital currencies or with Visa and MasterCard by visiting the official Bitcoin Hyper website and linking their wallets – like the Best Wallet – to its interface.
To visit the official website click here
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