I'm guessing that ICP will follow the general crypto market for the near and medium term future, but perhaps in a more leveraged way (ie, if crypto goes up/down 10%, ICP might go up/down 20%).
My personal thesis is the crypto ecosystem needs to go through an intense consolidation, eliminating or merging tokens that either have no competitive advantage or don't have a product-market fit. That could be extremely painful and nerve-racking, but the surviving technologies should have an amazing run from there as a lot of talent will migrate to them and all of the "noise" will settle down. I think ICP survives the consolidation if it can prove that there is a product-market fit for web-on-chain. If so, the period after the consolidation would be a phenomenal time for anyone in the IC ecosystem
Bear market hit very hard and poor economic outlook going forward - I'm buying a lot more at this price. How do you see it going from here?
I'm guessing that ICP will follow the general crypto market for the near and medium term future, but perhaps in a more leveraged way (ie, if crypto goes up/down 10%, ICP might go up/down 20%).
My personal thesis is the crypto ecosystem needs to go through an intense consolidation, eliminating or merging tokens that either have no competitive advantage or don't have a product-market fit. That could be extremely painful and nerve-racking, but the surviving technologies should have an amazing run from there as a lot of talent will migrate to them and all of the "noise" will settle down. I think ICP survives the consolidation if it can prove that there is a product-market fit for web-on-chain. If so, the period after the consolidation would be a phenomenal time for anyone in the IC ecosystem
Fantastic review Kyle, very glad I discovered your ICP analysis. Keep it up!
Today +11%.. you suggest to sell and attend for 17-18$ to buy? Or we hold at 27$ now?
What do you think was the cause behind the price spikes in the months of August -September 2021? Thank you
That's a great question. I don't have a good answer other than it could have been just a lack of liquidity on exchanges.
I can't think of any events from that time that would have caused the spike.
Thank you