ICP (Internet Computer)

[bluebit25]

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

The price was too high when they got listed. The market cap at that time was >$50 billion. And this gave an impression that this coin was another overpriced and overhyped project from developers who just wanted to get rich. Now it will be very difficult to convince the users to invest in this project again. I don't understand the mentality from the promoters. I agree that the project represents a really good idea. But at this point, going for a valuation of $50 billion is a bit too much.

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

[1715158788]

1715158788

[1715158788]

1715158788

[1715158788]

1715158788

[1715158788]

1715158788

[1715158788]

1715158788

[Sithara007]

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

The current valuation stands at $8.9 billion as per coinmarketcap. And the trend remains overwhelmingly negative. Those who invested in the early stages (when the price was around $500 are stating at massive losses). Anyway, I like the idea behind this project. If they can overcome the initial chaos, then there is a chance that it will once again get included in the top-10 list. BTW, does anyone know how much of the circulating supply is currently being owned by the promoters of this project (they list more than 200 promoters in their website)?

[pakhitheboss]

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

The current valuation stands at $8.9 billion as per coinmarketcap. And the trend remains overwhelmingly negative. Those who invested in the early stages (when the price was around $500 are stating at massive losses). Anyway, I like the idea behind this project. If they can overcome the initial chaos, then there is a chance that it will once again get included in the top-10 list. BTW, does anyone know how much of the circulating supply is currently being owned by the promoters of this project (they list more than 200 promoters in their website)?

From $500 to $70 as of today, the loss is significant. If these guys are able to deliver what they promised then the price might go beyond $500. At the moment the hype is still there and people are still buying it. I think most of the sellers are those who have received airdrop and for the next 10 month, they will be receiving tokens.

[poodle63]

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

The price was too high when they got listed. The market cap at that time was >$50 billion. And this gave an impression that this coin was another overpriced and overhyped project from developers who just wanted to get rich. Now it will be very difficult to convince the users to invest in this project again. I don't understand the mentality from the promoters. I agree that the project represents a really good idea. But at this point, going for a valuation of $50 billion is a bit too much.

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

I see ICP as more of the same case with any IEO coin that instantly got listed in some big exchange, it reaches some ridiculous fee and then tank.
as I've seen ICP was really hyped so much that the price could reach as high as $800 and I was almost get fomo'd thinking it could hits $1000 trying to make an
entry at around $500m though I stopped since the market at early stage of listing is really volatile and than proves me right, though the current price I think it's undervalued.
Maybe I will also try to accumulate some but the thing I was most afraid was the same as you, the market cap grows so fast it's actually feels dangerous.

[bluebit25]

it seems that this trend will continue if the team does not deliver a product and a utility for their coin, I hope this will happen soon because the hype was so much on the occasion of the multiexchange listing.

I think it's not ICP's problem, they are still doing all they can to bring the project to the forefront and scale more. If the bad signals persist, I think this is also a good opportunity to buy it cheaply.

[Hairynipples]

it seems that this trend will continue if the team does not deliver a product and a utility for their coin, I hope this will happen soon because the hype was so much on the occasion of the multiexchange listing.

I think it's not ICP's problem, they are still doing all they can to bring the project to the forefront and scale more. If the bad signals persist, I think this is also a good opportunity to buy it cheaply.

I made the mistake of buying 1 ICP at around $400 AUD but I've been buying more as the price tanked and just bought more today.

I think the project has great potential and I'm looking at as a long term hold

[Sithara007]

I see ICP as more of the same case with any IEO coin that instantly got listed in some big exchange, it reaches some ridiculous fee and then tank.
as I've seen ICP was really hyped so much that the price could reach as high as $800 and I was almost get fomo'd thinking it could hits $1000 trying to make an
entry at around $500m though I stopped since the market at early stage of listing is really volatile and than proves me right, though the current price I think it's undervalued.
Maybe I will also try to accumulate some but the thing I was most afraid was the same as you, the market cap grows so fast it's actually feels dangerous.

It is clear that the promoters were not interested in long term growth of the project. The price was kept extremely high (at least by a factor of 10x). There was a lot of dumping going on, right from the beginning (and looking at the trade data, I don't think that a majority of this came form the airdrop recipients). What we saw in ICP is very similar to the case with some of the other previous projects. The promoters came up with a very innovative idea, create a lot of hype and thereby pump the prices. When the prices are at peak, they will dump their tokens and make the exit. Those who purchased the tokens at peak levels will be now stuck with them, as the development will never kick off. The promoters have received a lot of money and they will be no longer interested in this project.

[asriloni]

I made the mistake of buying 1 ICP at around $400 AUD but I've been buying more as the price tanked and just bought more today.

that doesn't seem to be a good decision to load more and more ICP. the real dump is not yet happening and ICP goes down even faster than what already predicted by people. The price for each ICP must worth 1 digit and two digits are still overvalued at this moment dude. I think that you must have stopped to load more and more ICP.
People are getting their ICP from the airdrop and early buyers will be dumping their ICP to you. Think about this dude.

[pakhitheboss]

I see ICP as more of the same case with any IEO coin that instantly got listed in some big exchange, it reaches some ridiculous fee and then tank.
as I've seen ICP was really hyped so much that the price could reach as high as $800 and I was almost get fomo'd thinking it could hits $1000 trying to make an
entry at around $500m though I stopped since the market at early stage of listing is really volatile and than proves me right, though the current price I think it's undervalued.
Maybe I will also try to accumulate some but the thing I was most afraid was the same as you, the market cap grows so fast it's actually feels dangerous.

It is clear that the promoters were not interested in long term growth of the project. The price was kept extremely high (at least by a factor of 10x). There was a lot of dumping going on, right from the beginning (and looking at the trade data, I don't think that a majority of this came form the airdrop recipients). What we saw in ICP is very similar to the case with some of the other previous projects. The promoters came up with a very innovative idea, create a lot of hype and thereby pump the prices. When the prices are at peak, they will dump their tokens and make the exit. Those who purchased the tokens at peak levels will be now stuck with them, as the development will never kick off. The promoters have received a lot of money and they will be no longer interested in this project.

Development is still going on I won't say that they are not working on the product. This is not an easy project by the way, what they are trying to create will change the way cloud computing works. Creating a decentralized infrastructure on already established centralized infra takes time. If they are successful this token will pump a lot. The key is to be patient and HODL.

[Atom33]

Can anyone enlighten me on the token lock periods. I can't find anything about who will be able to sell when. This is from Coinmarketcap:

Early contributors: 9.50%
Seed donations: 24.72%
Strategic: 7.00%
Presale: 4.96%
Strategic partnerships: 3.79%
Community airdrop: 0.80%
Initial community and developer grants: 0.48%
Node operators: 0.22%
Internet Computer Association: 4.26%
Team members: 18.00%
Advisors and other third-party token holders: 2.40%
DFINITY Foundation: 23.86%

If someone can put a date in front of each row?

Also, one more thing, the inflation of the token appears to be 2.9% 07/05 - 24/06/21 which seems high, they are saying they aim for 10% a year, and we are already looking at 23% annual inflation. I am doing all this research because I bought a bit less than 10 coins and I see no light in the tunnel so far.

[icpReboot]

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

The price was too high when they got listed. The market cap at that time was >$50 billion. And this gave an impression that this coin was another overpriced and overhyped project from developers who just wanted to get rich. Now it will be very difficult to convince the users to invest in this project again. I don't understand the mentality from the promoters. I agree that the project represents a really good idea. But at this point, going for a valuation of $50 billion is a bit too much.

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

I see ICP as more of the same case with any IEO coin that instantly got listed in some big exchange, it reaches some ridiculous fee and then tank.
as I've seen ICP was really hyped so much that the price could reach as high as $800 and I was almost get fomo'd thinking it could hits $1000 trying to make an
entry at around $500m though I stopped since the market at early stage of listing is really volatile and than proves me right, though the current price I think it's undervalued.
Maybe I will also try to accumulate some but the thing I was most afraid was the same as you, the market cap grows so fast it's actually feels dangerous.

Agree. ICP had enormous potential with all the promising tech innovations it aims to promote. Sadly, Dfinity didn't know how to value its potential and real utilization.

And we really can't blame people for thinking ICP is a scam coin now when the leads and insiders from Dfinity tainted its name the same way. People hate ICP because its project leads, Dfinity, are thieves. They let greed & mismanagement take over. Its Coinbase listing was turned into a rug pull by the developers. That's why we created #ICPR to bring justice to the ICP community and #ICP itself. https://np.reddit.com/r/icpReboot/

[Bonenx14]

The technology behind ICP has enormous potential & it's sad when a good project is destroyed by greed.

ICP will not be easy to destroy because in general ICP has been built very well and also to the maximum so that its strength and potential in the market will be very well maintained and can be very good if everyone wants to have it in current conditions.

[Jackl87]

The technology behind ICP has enormous potential & it's sad when a good project is destroyed by greed.

ICP will not be easy to destroy because in general ICP has been built very well and also to the maximum so that its strength and potential in the market will be very well maintained and can be very good if everyone wants to have it in current conditions.

A reason why the price is now down a lot compared to the ATH back when it was unlocked the first time is that they had a very big airdrop campaing back in 2018 or so, where thousands of people were able to claim 119 ICP or 28 ICP (i also got 28 ICP) and those are unlocking now every month. This creates a lot of sell pressure of course if ten thousands of airdrop receivers are dumping their tokens every months, but i am pretty sure that the price of ICP will start to climb again once the unlock of the airdrop is finished and therefore the huge sell pressure is gone. I personally haven't sold a single one of my ICP as i think the project has great potential.