- ICP crypto price has more than doubled in 2023.
- Internet Computer partnered with Carbon Crowd, a sustainable disclosure platform.
- The volume of ckBTC minted in Internet Computer has jumped.
ICP price continued its bullish momentum on Tuesday after the relatively encouraging Interrnet Computer news about its ecosystem. The token jumped to a high of $6.90, the highest point since February 22 of this year. It has jumped by more than 103% from the lowest point in December last year.
Latest Internet Computer news
Internet Computer has made several important ecosystem news in the past few days. First, on Tuesday, the developers partnered with Carbon Crowd as it seeks to boost its green credentials. The platform makes it possible for people to track carbon emissions of key blockchains. The report is now tracking 19 data centers and 55 node providers in the network.
The other important Internet Computer news is the recently launched ckBTC, which are meant to track the price of Bitcoin. It seems like these tokens are gaining traction. According to the developers, the ICP network has minted 34.64 ckBTC.This happened in a fully on-chain, oracles, and bridgeless activity.
Meanwhile, early this month, Post Finance, a bank owned by the Swiss government announced that it would partner with Sygnum as it seeks ways to leverage blockchain technology. As part of this development, Internet Computer will provide the blockchain solutions of staking and custody. This news means that Internet Computer is gaining traction among developers.
Most importantly, the developers announced that there will be an integration of ICP and ETH that will resolve some of the top challenges in the ecosystem.
ICP price is also rising because of the ongoing crypto comeback. Bitcoin has been stuck above $30,000, its highest level since June last year. Other altcoins like Injective Protocol, Synthetic, Chainlink, and Oasis Network have also jumped recently.
ICP price prediction
The daily chart shows that the ICP crypto price has been bullish in the past few days. In this period, the coin has managed to cross the 50-day moving average. It also moved above the important resistance point at $6.27, the highest point on January 29.
The coin seems like it has formed an inverted head and shoulders pattern, which is usually a bullish sign. Oscillators like the Relative Strength Index (RSI) and the Stochastic have continued rising.
Therefore, there is a possibility that the token will rise to the next key resistance at $8.20, the 23.6% retracement point. This price is about 20% above the current price.
