the Internet computer
ICP
$8.35
24-hour fluctuations:
35.4%
Market value:
$4.51 billion
Vol. 24 hours:
$1.53 billion
Stocks continued their explosive rise, rising nearly 39% on November 7 alone. This extends the cryptocurrency’s seven-day gain to more than 200%, adding $3.1 billion to the market cap.
This rise has made ICP the largest AI blockchain in the world, turning around Bittensor
Tao
$375.6
24-hour fluctuations:
0.3%
Market value:
$3.61 billion
Vol. 24 hours:
$404.90 million
. According to Data By CoinMarketCap, ICP is currently trading at $8.56 and boasts a market cap of $4.57 billion, placing it in the top 30 cryptocurrencies.
Data From CoinGlass, open interest (OI) for ICP futures across major exchanges has reached an all-time high of $237.92 million. A high OI indicates that new capital is flowing into the market.
ICP Open Interest | Source: Coinglass
Meanwhile, on-chain data reveals that the ecosystem’s total trading volume has risen to $1.4 billion, up 100% in the past day. This is the highest trading activity since March 2022. Which indicates a renewed interest of investors in blockchain projects related to artificial intelligence.
The rise of ICP is fueled by hype around artificial intelligence
Social engagement metrics also indicate interest is up, with 4,850 shares and 2.21 million interactions recorded across DePIN discussions.
The recent rise in ICP prices was largely driven by a major announcement from the Dfinity Foundation, the Switzerland-based organization behind the Computer Internet Protocol.
In early November, Dfinity unveiled Caffeine, a new AI platform that can build apps from scratch. The full version of the app was initially demonstrated in Zurich during SFTechWeek in October, and now allows users to enter text, images, and code prompts.
Is there a short term correction?
Despite the uptrend, technical indicators…Influencers indicate potential overbought conditions. The ICP’s daily RSI has risen above 85, indicating that the cryptocurrency may be in for a slowdown following its parabolic rally.
ICP price chart with RSI and Bollinger Bands | Source: Trading View
The price also broke well above the upper Bollinger band, which is often a sign of overheating in the short term.
However, analysts are eyeing higher price targets on social media. Ali Martinez indicated that the bullish momentum could continue, identifying key resistance areas at $7.50, $11.50, and $20.
Three main resistance levels to watch for computers connected to the Internet ICP $ During this pump:
• $7.50
• $11.50
• $20 pic.twitter.com/PupfiuL9yS– Ali (@ali_charts) November 6, 2025
If ICP maintains its volume and investor confidence, the current rally could extend even further, making it one of the best markets Best crypto to invest in now.
the next
Post: ICP flips TAO, what’s driving the 200% weekly rally? appeared first on Coinspeaker.
The post ICP Flips TAO, What’s Driving 200% Weekly Surge? first appeared on Investorempires.com.
