The price of Internet Computer (ICP) remains under pressure, oscillating between $4.50 and $6.00, attracting the attention of traders and analysts.
Current Situation with ICP
ICP is at a critical trading stage. The token consolidates below $6.80, which is decisive for bullish momentum. Each attempt to test higher levels results in rejection, with sellers continuing to control the market beneath resistance. A sustained close above $6.80 is expected to confirm a breakout, which could initiate a bullish trend.
Chain Fusion and Interoperability with Other Blockchains
ICP is rolling out its Chain Fusion technology, allowing the network to connect directly with Bitcoin, Ethereum, and Solana. Smart contracts on ICP can interact with these three networks natively. On-chain swaps can be executed without intermediaries, reducing risks associated with traditional cross-chain bridges.
Long-Term Investment in ICP
A significant commitment has been reported with the purchase of 50,000 ICP locked for eight years. This reflects strong confidence in the future of the protocol, mitigating short-term price fluctuations. Such actions are positively received within the community and emphasize the investor's long-term intentions.
As of now, the price of ICP is $4.99, reflecting a 3.34% decline over the past 24 hours. Traders and investors continue to monitor the developments surrounding the token and the technologies supporting it.
