Internet Computer (ICP) Pulse [Season 4]: This Week's Price Action, Onchain Stats and NFT Breakdown

This is the 12th edition of #ICP Pulse [Season 4], your daily dose on all things Internet Computer. It's time to go over all the weekly

This post is a round-up of the key activities in the Internet Computer ecosystem over the past week. It covers topics such as price action, onchain stats, NFT sales, and major updates from the dfinity foundation and the ICP ecosystem.

The price of ICP has been hovering around the 5 - 6 USD range for the past few weeks, with support at 5.1 - 5.6 USD and resistance at 6.2 - 6.5 USD. The RSI is currently sitting at 37, and futures data signals growth in trading volume, as high as +35%, with net positive funding rates and record low open interest balances.

On the other hand, the Internet Identity Count has seen impressive growth, onboarding at least 4.2K entities to roam across the mainnet. Since mercury genesis, almost 1.4M ICP has been burned, ensuring the evaporation of circulating tokens, which saw 63.4K ICP becoming cycles to fuel canisters this week.

The Internet Computer generated 306K USD in fees this week, while its MCap ranged between 2.7B and 3.9B. Despite uncontrollable stuff like macros, this week marks another historic milestone of the Internet Computer history, as we see an impressive 40.3K addresses being activated on the mainnet, accounting for 37% in growth within the timeframe.

In other news, several NFT collections had successful sales this week, including Motoko Ghosts, BTC Flower, and Peeladies. ICPCC is also concluding the public DAO meeting, with the recording now live.

Finally, PHUB is set to conduct a global townhall program on the 28th of March, and TheSwop will be hosting Goated Gamer Night tomorrow.

Overall, it was a busy week for the Internet Computer ecosystem, with several major updates and activities taking place. The ecosystem is continuing to grow and innovate, and there are sure to be even more exciting developments in the weeks to come.

Here is a summary of the key updates from the past week:

* PersonalDAO SNS Swap is live (ends in 4 days and 10 hours)

* These are turnkey DAOs, and each component is in the sole custody of the respective communities that operate them.

* Minimum commitment: 5 ICP

* Maximum commitment: 15K ICP

* Overall commitment [including Neurons Fund]: 6.5K ICP

* Minimum direct commitment to complete the swap: 1 ICP

* Total supply: 21M DAO

* Supply allocated to the Swap: 10.08M DAO

Updates from the DFINITY Foundation:

* Internet Computer is live in the ongoing Binance traders boot camp program.

* ICP nears the last unlock event, completing the token decentralization process in entirely.

* An explanation on the Pulse Milestone has been published.

* The latest episode of ICP roundup is live.

* ICP tops the number 1 position in terms of dev activity within the last 9 months.

Updates from the ICP ecosystem:

* ORIGYNTech is live at Web3Amsterdam

* OpenFPL is all set to return tomorrow, also ships the 2nd episode of the weekly dev update session, along with a Q&A session today at 1 PM GMT

* Dmail ships custom NFT domains to production.

* codegovorg proposes to top up all the alice SNS canisters.

* ICPCC concludes the public DAO meeting, recording is now live.

* ICPHUBS to conduct global townhall program on the 28th of March.

* TheSwop is all set for tomorrow's Goated Gamer Night.

If you're interested in learning more about the Internet Computer, be sure to check out the official website and social media channels. You can also join the community Discord server to connect with other users and developers.

In addition to the updates covered in the post, there are several other interesting developments taking place in the Internet Computer ecosystem. For example, several new DeFi protocols are launching, and there is a growing interest in using the Internet Computer for gaming and metaverse applications.

The Internet Computer is a powerful and versatile blockchain platform that has the potential to revolutionize the way we use and interact with technology. With its low transaction fees, high throughput, and smart contract capabilities, the Internet Computer is well-positioned for success in the years to come. As the ecosystem continues to grow and evolve, we can expect to see even more groundbreaking innovations and technologies emerging from the Internet Computer.

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