ICP (Internet Computer) increased by 18.99% in the last 24 hours.

Gate News Bot Report: As of November 6th, according to CoinMarketCap data, ICP (Internet Computer) is currently trading at $5.97, up 18.99% over the past 24 hours. The price reached a high of $6.56 and a low of $2.80 during this period, with a 24-hour trading volume of $686 million. Its current market capitalization is approximately $3.22 billion, an increase of $512 million compared to yesterday.

Internet Computer is a public global computing platform that allows developers to create applications, websites, and enterprise services. It offers an open technology stack supporting application creation via chat (e.g., caffeine.ai) or coding (e.g., icp.ninja). The platform operates on a decentralized network secured by mathematically proven protocols, providing unprecedented security and resilience, while also supporting integration with multi-chain Web3 functionalities.

Recent Key News on ICP:

1️⃣ ICP Price Continues Strong Rally, Over 50% Increase in Three Days
Over the past three days, ICP’s price has steadily risen from $4.12 on November 3rd to $5.97 on November 6th, representing a cumulative increase of over 50%. This significant price surge reflects sustained market optimism and strong buying momentum.

2️⃣ Trading Volume Surges, Market Activity Reaches Recent Highs
The 24-hour trading volume for ICP increased from $430 million on November 3rd to $686 million on November 6th, a 59.5% rise. The sharp increase in trading volume indicates heightened investor participation and improved market liquidity.

3️⃣ Market Cap Rapidly Grows, Steady Rise in Ranking
ICP’s market capitalization expanded from $2.22 billion to $3.22 billion within three days, a 45.1% increase. This rapid growth not only reflects the rising price but also signifies ICP’s steadily improving position within the broader cryptocurrency market.

From a technical perspective, ICP has broken through multiple key resistance levels. The MACD indicator remains in a bullish crossover (golden cross), suggesting strong short-term upward momentum. However, given the rapid recent gains, investors should remain cautious of potential pullbacks and closely monitor whether the price can stabilize at new highs.

Please note: This information is not investment advice. Market volatility and risks should be carefully considered.