ICP - Could be gearing up for 11+ bil MC

19 окт. 2021 г.

ICP could be gearing up to hit around a $11.5 billion market cap - which would be my 1st target on a long position. This is taken from the bottom of the trend line of the initial trend, which started it's push from the double bottom @ $3.8 bil MC. If there are a couple of decisive closings above $11.5 billion within the next few days, it wouldn't be impossible if it reached for the original trend line's top - just shy of $30 billion.

Invalidation of this would be if it were to decisively spit out of the current pattern, hitting approximately $6 billion in MC.

Best of luck, and trade responsibly.

19 окт. 2021 г.

Заметка

Could also spit out to 6bil then shoot up. All speculation

23 окт. 2021 г.

Заметка

10/23/21 update:
Marketcap is increasing while price remains relatively the same. This is an indication of distribution / redistribution - as an increase in circulating supply multiplied by the (same) spot price would give ICP a higher MC.

Circulating supply according to Messari:
-October 12th = 167.1 million
-October 22nd = 174.0 million
---> = 690,000 ICP tokens released per day given the timeframe