ICP "Mission 70" Declared: Why Internet Computer is Going up by 30%+The "Sleeping Giant" has officially woken up. Internet Computer (
$ICP ) is leading the pack among the stocks that are up today, and this is due to a fresh start of its economic engine. In case you may have missed it, here is the explanation of the rapid price movement:
1. The 70% Inflation Cut (Mission 70)The DFINITY Foundation has recently announced Mission 70, which is a plan to cut ICP's annual inflation by an unbelievable 70% by 2026.
The Math: The current inflation is nearly 10%, and it will be gradually lowered to 2. 9%.
The Impact: This will give a huge "Supply Shock. " Due to lower rewards for the legacy nodes and shorter lockup periods, the constant selling pressure that has been the main issue of ICP for years is finally disappearing.
2. The AI & "Self, Writing Cloud" NarrativeGone are the days when people only thought of ICP as a "blockchain"; now, it is being positioned as the AI, Native Cloud.
The debut of Caffeine. ai and the forthcoming on, chain cloud engines will give developers the opportunity to create the entire dApps with the help of natural language.
This operation uses "Cycles" that have to be bought with ICP. Recently, weekly burns have reached the highest level since 2024, which means that the scarcity is driven by real usage.
#icp #Write2Earn #MarketRebound $ICP