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ICP lately launched a report back to summarize its yearly progress. The report overviewed the multi-chain options, expansive market development, partnerships, and new tasks for ICP.
Whereas 2023 was a brutal 12 months for the crypto market, ICP nonetheless ended the 12 months with a 30% enhance in developer development. General cycle burn price, the metric used to focus on the financial worth created by the Web Pc, additionally favored ICP.
The common each day burned cycles surged all year long, with the burn price set to triple in 2024. Equally, the community witnessed a 67% surge in node suppliers. The variety of nations with node machines has gone from 9 to 22 for ICP.
As for its tokenomics, the community skilled a relentless influx of staked ICP at a median of 1.7 million monthly. Buying and selling for ICP additionally went up, partly due to the liquidity program the community launched. Moreover this, ICP additionally added 7 new exchanges, 3 custody platforms, and 10 pockets integrations.
By way of ICP’s market efficiency, the coin gained a whopping 145.90% worth previously 12 months. At the moment, ICP is buying and selling at 13.34 {dollars}, up 0.85% previously 24 hours. The coin has gained 12.57% worth previously 7 days, and based mostly on the most recent ICP crypto value prediction, the coin can attain the 17-dollar mark within the coming years.
The community didn’t lack in advertising and marketing efforts both, because it targeted on occasions, PR, and media. ICP.Hubs popped up in 4 areas in the course of the 2023 Q3. Now, the hubs span throughout 19 areas with a world attain.
The SNS (Service Nervous System) DAO framework growth additionally performed an enormous position in ICP’s development. The 12 months ended with ICP launching 12 SNS DAOs, with two extra launching within the New 12 months.
ICP has a number of upgrades, resembling EVM RPC, decentralized boundary nodes, libraries for certification, threshold Schnorr, and so on., lined up for the 12 months. With extra tasks turning to ICP for preliminary development, the community is anticipated to get even greater in 2024.