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Down 99.7% From ATH: Is Internet Computer (ICP) Due for a Comeback or Total Collapse?

Down 99.7% From ATH: Is Internet Computer (ICP) Due for a Comeback or Total Collapse?

Many leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), are currently trading far below their historic peaks, yet none of these declines compares to the massive crash that Internet Computer (ICP) has suffered.

Despite the bloodbath, several analysts refuse to lose hope and think a resurgence could be on the horizon. On the other hand, pessimists believe things are likely to deteriorate even further from here.

The Bright Side ICP began trading in May 2021, and during its early days, its price briefly skyrocketed above $700. What followed next was a brutal collapse, while the bear market over the past several months has only worsened its condition.

Currently, it trades at roughly $2.06 (according to CoinGecko), representing a whopping 99.7% crash from the all-time high. Its market capitalization has declined to approximately $1.14 billion, making it the 60th-largest cryptocurrency.

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FAQs

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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

TRADEMINATI X is an automated real-time cryptocurrency news aggregator. It fetches and analyzes RSS feeds, organizing publications by coin hashtags to make tracking specific assets efficient.
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