? From $2,800 to $5?! The Fall (and Potential Rise) of $ICP

$ICP once traded at a jaw-dropping $2800 — now it's around $5!

output: A recent post on Binance discussed the drastic fall and potential rise of Internet Computer Price (ICP).

The post began by highlighting the incredible price range of ICP. At its peak, it traded at an astounding $2,800. However, at the time of the post, it was priced at around $5.

To put that into perspective, that’s not just a crash; it’s an astronomical opportunity. And according to the writer, they were seizing it with both fists.

The writer stated that they’ll be investing $10,000 of their own money to buy ICP at these low price points. If it manages to climb back to $2,500, which is the price level it dipped from, then it will generate a potential profit of $5,000,000.

Yes, they wrote that they’ll be aiming for a potential 5000% return on their investment. Certainly a high-risk, high-reward play over the long term.

Those who are unfamiliar with ICP, it’s the native token of the Internet Computer Protocol, a novel blockchain protocol. Its goal is to create a decentralized internet in order to provide an alternative to the centralized services offered by Big Tech.

The new protocol aims to introduce smart contracts, complete web applications, and entire blockchain nodes, all powered by a token called ICP.

Its aim is to decentralize the World Wide Web, with the protocol able to process open code and host dApps.

The crypto aims to be able to process HTTP requests, generate web pages, store data, and connect to the edges of the network in order to perform these functions.

The token has seen a significant price drop post-launch, but the underlying technology remains strong.

Those who are planning to invest in ICP, or any other crypto, should do so wisely. Always invest only what you can afford to lose and never listen to anyone who tells you what to invest in. It’s your money, so do your own research before making any investment decisions.