Daily Charts, Trends, and News - Featuring ICP - What is Internet Computer Protocol? - El Salvador Adding More Power To Bitcoin City

Hello everyone! Welcome back to another Daily trends, charts, and news here on Coin Logic! Everyday we feature Bitcoin and Hive charting analysis as well as a daily featured crypto asset as we try to learn as much as possible about all the assets that we can!

Today's token of the day is ICP or Internet Computer protocol. We will be looking at an article talking about what it is in the Daily News Flash, but first we will check out the charts.

You can get all the information here on Coin Logic: https://coin-logic.com/currencies/internet-computer/

Keep reading for the trending markets as in the top gainers and losers as well as the daily update on the Bitcoin Fear and Greed Index and the Bitcoin market dominance charts and our daily news flash!

Token of the Day- ICP

https://coin-logic.com/currencies/internet-computer/

Looking at ICP on the TradingView charts shows that it has had a bit of a rough history. It has been on a downtrend since it's beginning but looks like it might be finding some market support at it's current levels. Not much volatility so this one isn't looking very enticing on a trading stand point.

THe market cipher indicator shows that the momentum has seen a recent push and the RSI is a bit overheated so you may be looking for a pull back. TradingView's analysis has it in the neutral zone.

In other words, it's not that great as far as price action as gone, but we will look later on the fundamentals and why it seems to be a bit of an interesting project.

Bitcoin

At time of posting, Papa B has been fighting to retain the $43k level but looks like it is trying hard to respect the support line at $41k.

We even have a green dot on the momentum wave on the daily time frame which indicates upwards movement and a possible change of trend. The RSI is turning up was well as the other indicators. TradingView's analysis has it still in a sell but creeping back to the neutral zone. Will we see more positive movement and hold the line??? What are your thoughts?

Hive

Hive is looking like it is holding the zone of support we have been watching fro some time. It has hit it and looks like the downward momentum is slowing up a bit. If we can see some consolidation in this range, it would be looking like we have hit bottom and could be looking for more upside. If we cannot hold these levels though, it's not looking like we will be able to hold $1 which will be sad.

What's Trending

Taking a quick look at the Top 10 gainers and losers of the top 100 by marketcap...

And here are the top 10 by marketcap and volume...

Bitcoin Fear and Greed Index

The Fear and Greed index continues to be in the extreme fear area today at a 21. Hopefully we can get some positive action in the markets because it's boring in the crypto space when the markets are down. Everyone turns into whining little babies because their numbers are down.

Bitcoin Dominance

Bitcoin Dominance is back up in the 40% range and is sitting strong. Not much happening happening either way at the moment.

We aim to do this daily to help you gain a better understanding of the markets and how these crazy charts work!

All of the articles below can be found in our News Center on Coin Logic.

Not only do we use 4 of the top news sources in the space, but we also source our news and updates directly from the Hive blockchain community!

We pick our favorite couple of articles from the bunch to share with you and give you our summary and opinions.

Our primary news sources are:
AMB Crypto Bitcoin.com Bitcoin Magazine Decrypto.co Hive Blockchain:

leofinance.io
hivehustlers.io
coinlogic.finance community

Top Story 1

What is INTERNET COMPUTER? ICP simple explanation

Our Summary:

This isn't as much of an article as it is a video explaining what Internet Computer is and how it works. It is a great animated video overview by @crypto4light and you should go give it a watch and a thumbs up!

Basically just to sum it up... this is from the explanation at
https://coin-logic.com/currencies/internet-computer/

The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain. This major milestone means that the internet now functions as a decentralized global computer — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing tens of thousands of community members to govern the Internet Computer network.

But if you want a more simplified explanation, you should really watch the video... It's worth the watch!

Top Story 2

El Salvador to Add More Geothermal Energy Sources to Power Bitcoin City

https://news.bitcoin.com/el-salvador-to-add-more-geothermal-energy-sources-to-power-bitcoin-city/

Our Summary:

From Bitcoin.com... The president of El Salvador has confirmed that the country is making investments in geothermal energy sources to power the upcoming Bitcoin City that is being built. With the moves that have been made last year making Bitcoin legal tender, the maxis have found a new place to flock to which is going to require the country to pump up it's power resources. They are hoping to find a volcanic well to basically power the city from the location it is being built.

If you want to know more about this awesome endeavor that El Salvador is investing in to help throw the middle finger to the IMF and the US government, you should check out the article in full!

Nothing we say is financial advise. This is for educational and recreational purposes only! Stay safe in these volitile markets and don't get rekt!

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