Key Insights:
- ICP tops DePIN projects by social activity and the GitHub data for commits over the past 6 months.
- ICP is quickly catching up as ETH’s daily revenue is now only 2.3X higher than ICP’s at an 85X higher market capitalization.
- Bitcoin DeFi is taking place on ODIN powered by the Internet Computer Protocol (ICP) with ckBTC at ATHs.
According to analysts and their ICP price prediction, Internet Computer crypto could reach $20 by mid-April. If we look at ICP/USDT’s chart in Binance, the token’s price was approximately $5.327 at press time.
For it to go to that $20 by mid-April, it has to make a giant leap. The chart showed a strong level of resistance, around $20.958. This might hinder progress toward the target. A strong bullish momentum could breach the next major trading level.
If the price didn’t near $20 in mid-April, it likely stemmed from insufficient buying interest. Alternatively, it might have been caused by strong selling pressure at that resistance level.
For the price to reach $20 by mid-April, the bearish momentum must quickly turn and become a powerful positive trend. ICP price also showed an area of support at around $4.30 and $5.30.
The price has now reached the top limit of that range. However, failure to maintain that level would cause the price to fall, making the $20 aim much more challenging.
The bullish pattern indicating a rapid rise to $20 was strong. However, it wasn’t immediately apparent in the chart.
Reaching the $20 level for ICP was possible. However, it required a significant change in market sentiment and increased buying volume. This was essential to overcome the mounting bearish pressure and strong resistance at the $20.958 level.
ICP Tops in DePIN Projects by Social Activity and GitHub Commits
ICP also led the DePIN space, topping social activity with 3.88K posts, 316 interactions, and 0.50% social dominance. RENDER followed with 3.65K posts, while FIL and THETA lagged at 2.43K and 2.23K, respectively.
Another chart showed that ICP was leading the pack on GitHub. It amassed an impressive 2,472 commits and over 100 contributors in six months.
This achievement came despite a 22.7% drop in price. With just 1,763 and 1,625 commits, respectively, Chainlink (LINK) and Mina (MINA) didn’t quite stack up.
These stats hinted at a solid interest from both developers and the community. This attracted the attention of some major investors.
While there wasn’t any noticeable whale activity, such movements typically signal a potential re-entry. Furthermore, it could bolster ICP price or speed up its uptrend.Â
Conversely, the price drop might scare some investors, leading to sell-offs if the overall sentiment took a hit. Despite ICP’s robust activity showing ongoing interest, the price recovery path remains uncertain.
Bitcoin DeFi Powered by the ICP
In March 2025, ICP achieved record-breaking revenue growth, with a weekly revenue of $288.6K, surpassing AVAX’s $50.3K. Its daily revenue was only 2.3 times lower than ETH’s, despite ETH having an 85 times larger market cap.
ckBTC on Bitcoin DeFi at ODIN, spearheaded by ICP, posted all-time highs with heavy usage.
This DeFi and revenue boom could be fascinating for whales since price appreciation tends to follow along with high revenue. Individual re-entry points were unclear.
However, whale accumulation could have led ICP prices to rise in the event of ongoing buying pressure.
Investors may have noticed ICP’s progress in narrowing the revenue gap with ETH. This realization could have fueled confidence and led to a surge in accumulation. However, if whales felt the market cap gap was dangerous, price rises could cease.