Shiba

Internet Computer

FOMO

Notable

Shiba Inu

<div class="watcher-guru">
 <p>Internet Computer (ICP) is currently one of the best-performing cryptocurrencies in the market. The token has rallied by 14.9% in the last 24 hours, over 73% in the weekly charts, and over 204% in the previous month. Moreover, ICP has overtaken Shiba Inu’s (SHIB) market cap and is currently the 16th largest crypto project.</p>
 <figure class="wp-block-image size-large is-resized"><img decoding="async" width="1024" height="844" src="https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp" alt="Internet Computer is currently one of the best-performing cryptocurrencies in the market." class="wp-image-123441" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp 1024w, https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp 300w, https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp 768w, https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp 1536w, https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp 380w, https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp 550w, https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp 800w, https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp 1160w, https://cdn.thebittimes.com/images/2024/01/04/524c467033a18b7c5309d112e41505f9.webp 1672w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: CoinGecko
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 <p>According to CoinMarketCap data, ICP’s market cap has surged by 14.48%, while its 24-hour trade volume has risen by over 102%.</p>
 <p><strong>Also read: Top 3 Cryptocurrencies Under $2 That Could Reach $25 in 2024</strong></p>
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 <p>Crypto <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> firm Santiment notes that currently, long positions dominate ICP’s open interest. The firm further stated that if FOMO (Fear Of Missing Out) stays away, the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> could continue to rise.</p>
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">📊 #Bitcoin's continued climb to $45.8K market value (highest since April, 2021) has helped #altcoins ascend in early 2024. Several breakout assets are following tight social volume patterns. If #FOMO stays away, $ICP, $FIL, $ARB, $BSV, $MKR, &amp; $SEI can continue big runs. pic.twitter.com/wu2a19Ngjo</p>— Santiment (@santimentfeed) January 3, 2024
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 <p>ICP had a lackluster performance for most of 2023, and the asset only began to rally in mid-December.</p>
 <h3 class="wp-block-heading" id="h-is-icp-the-next-big-thing-for-the-cryptocurrency-market">Is ICP the next big thing for the cryptocurrency market?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp" alt="Is Fed Rate Cut in 2024 a Positive Sign for Crypto?" class="wp-image-120747" srcset="https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp 1024w, https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp 300w, https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp 768w, https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp 1536w, https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp 380w, https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp 550w, https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp 800w, https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp 1160w, https://cdn.thebittimes.com/images/2024/01/04/b5e371b693b766fbbac863bc31f706aa.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>According to a recent post by Santiment, ICP was among the top coins in terms of development activity. The surge in developmental activities may be behind the latest price spike for the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a>.</p>
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    <p lang="en" dir="ltr">🧑‍💻 Here are #crypto's top coins by development activity. Notable #github commits, past 30 days: <br><br>1 @cardano $ADA<br>2 @polkadot $DOT<br>3 @kusamanetwork $KSM<br>4 @avax $AVAX<br>5 @dfinity $ICP<br>6 @hedera $HBAR<br>7 @cosmos $ATOM<br>8 @optimismFNP $OP<br>9 @ethstatus $SNT<br>10 @chainlink $LINK pic.twitter.com/ilpWhbksj4</p>— Santiment (@santimentfeed) December 26, 2023
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 <p>Despite the recent gains, there is a chance that ICP will face a downward correction. According to Santiment, the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a>’s Relative Strength Index (RSI) surged from 66 on Dec. 30, 2023 to 76.7 on Jan. 3, 2024. For ICP to continue its bullish momentum, it requires its RSI to remain below 65.</p>
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 <p><strong>Also Read: Top 3 Cryptocurrencies Under $1 That May Explode in 2024</strong></p>
 <p>However, there is also a possibility that the project continues to surge in terms of developmental activity, thereby continuing its bullish momentum. Moreover, the asset is down by over 97% from its all-time high of $700.65, which it attained in May 2021, over two years ago. Hence, there is still a lot of room for growth.</p>
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<div class="cs-entry__tags">
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  <li>cryptocurrency</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-cryptocurrency-rallied-200-and-overtook-shiba-inu-tbt75503.html">https://thebittimes.com/this-cryptocurrency-rallied-200-and-overtook-shiba-inu-tbt75503.html</a></p>

This Cryptocurrency Rallied 200% And Overtook Shiba Inu

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