ICP defies crypto downturn with Caffeine-fueled rally and whale accumulation
Internet Computer’s ICP token rallied for the fourth day, outperforming the broader crypto market amid hype over the announcement of its new AI-driven platform, Caffeine.
According to data from crypto.news, Internet Computer (ICP) rose 8% to an intraday high of $5.66, pushing its market capitalization above $3 billion. The token is now trading 32% above its year-to-date low.
Today’s gains, supported by a notable increase in daily trading volume, came as the broader cryptocurrency market slumped, with total market capitalization falling 2.2% to $3.4 trillion over the past 24 hours.
ICP’s recent rally was driven by excitement around Caffeine, an AI-powered development platform from the Dfinity Foundation,…
