Boost

Internet Computer

Billion

<ul class="list-ic vertical">
 <li>1 <a>Internet Computer founder Dominic Willams has dropped hints about facial recognition in its upcoming AI demo.</a></li>
 <li>2 <a>ICP price was around $12, with a gain of 149% in the last one year (press time).</a></li>
</ul>
Internet Computer is reinventing computation on the blockchain via R&amp;D and AI. The protocol provides a “World computer,” which can be used to build almost any online system or service, including social media, without the need for traditional IT, such as cloud computing services.
The founder of Dfinity tweeted about the upcoming facial recognition feature in its AI demo. Facial recognition would mark a significant development in the road map of the Dfinity Foundation. ICP protocol is the most active crypto in terms of Github commits.
<h2 class="wp-block-heading" id="strong-are-the-developers-of-internet-computer-building-a-new-future-strong">Are the Developers of Internet Computer Building a New Future?</h2>
Internet Computer has a total of 1486 node machines, of which 559 Node machines are in subnets with 130 node providers. The major protocol node providers are situated in Europe.
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 <figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="1022" height="445" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-14.png" alt="ICP" class="wp-image-207606" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-14.png 1022w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-14-300x131.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-14-768x334.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-14-750x327.png 750w" sizes="(max-width: 1022px) 100vw, 1022px">
 </figure>
</div>
Source: Dashboard.internetcomputer.org
The protocol has a chain fusion technology that enables it to be interpolable to any blockchain without relying on trusted intermediaries. It also allows developers to write smart contracts spanning across various networks.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="312" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-15-1024x312.png" alt="ICP" class="wp-image-207607" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-15-1024x312.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-15-300x91.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-15-768x234.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-15-1536x468.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-15-750x228.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-15-1140x347.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-15.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
Source: Overview of ICP state by Internet computer.org
Internet Computer’s power consumption by all nodes has been constant and is near 383.566 KW. Meanwhile, the transactions across the blockchain showed no significant change in the last three months.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="504" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-16-1024x504.png" alt="ICP" class="wp-image-207608" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-16-1024x504.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-16-300x148.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-16-768x378.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-16-750x369.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-16-1140x561.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-16.png 1213w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
Source: Canisters Growth by Internet Computer
The growth of the canisters and dApps has plateaued in the last three months. The overall canisters across the Internet computer protocol have remained near 507,991.<a href="https://www.thecoinrepublic.com/2024/04/27/internet-computer-protocol-will-icp-price-be-able-to-recover-the-33-drop-next-month/" target="_blank" rel="noopener noreferrer nofollow"> Internet Computer </a>Protocol has more than 100+ contributors with 2044 commits, making it the highest active crypto based on the development.
ICP has a total supply of 519,019,062 ICP, of which the Dfinity foundation holds 23.9%. Meanwhile, the node community and the initial community of the protocol hold 0.7% of the total supply.
<h3 class="wp-block-heading" id="strong-bulls-not-hungry-enough-strong">Bulls Not Hungry Enough?</h3> 
<a href="https://in.tradingview.com/chart/ICPUSD/22ijcQx7-</a> by <a href=" https: in.tradingview.com u ritika_tcr rel="noopener noreferrer nofollow">Ritika_TCR</a> on <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow">TradingView.com</a> 
ICP has a market cap of $5.5 Billion and is ranked 22nd in the cryptoverse. The token price is currently trading near $12, with a gain of 146% in one year.
ICP is consolidating candles on the daily chart. It is trading below the 50 and 100-day EMAs, which can also act as a resistance to the price. The upside trend of ICP can see a halt near the value of $15. Meanwhile, the asset price support can be near $10. The RSI of ICP is near 43 with no slope in it. The overall sentiment of the RSI is neutral.
<h4 class="wp-block-heading">Conclusion</h4>
Internet computer protocol has been observing a stagnation in user count and also in the growth in the canisters. They have been able to achieve new milestones in their AI framework. ICP is currently consolidating but could mark a new high.

Will AI Facial Recognition of ICP Protocol Boost Price?

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