Dear Readers,

At the time of writing this article, the global crypto marketcap lowered by 1.12% from yesterday and stood at 1.73Trillion USD.

There is a interesting note to be tracked on the Internet Computer Network native coin-ICP, which currently trades at 15.44 USD which is a high of 13.81% from yesterday and have recorded a whooping 73.64% in the past 1 week. 

ICP coin allows users to create apps, websites and other web-based services. The Internet Computer adds autonomous cloud functionality without using the servers to the public internet. This crypto coin is widely used to facilitate the network's governance, compensate nodes that perform computations and to reward participants for their active engagement in its eco system. 

With the ICP protocol, the developers can start a DAO, create a token, build dapps and host assets with the full stack entirely on-chain.

Considering the open interest of ICP, it is constantly raising and it has reached the high in the past six months. With the datas from Santiment- the leading market intelligent platform, the current OI is at USD 99.2 million- which has reached earlier in July 2023. 

With the increased market cap, ICP surpassed the popular meme coin SHIBA INU - SHIB and stands at 16th place, according to the coinmarketcap.com. 

The Relative Strength Index has risen from 66 to 76.7 from Dec 30 to Jan 3, according to Santiment. 

While the important technical indicators are positive for ICP, but is being considered to be a bearish in the coming days expecting shorts to come into play largely. In order to keep the bullish trend, the RSI of ICP should be below 65. 

Let's wait and watch on this ICP counter!