Why the 100% growth momentum of Internet Computer (ICP) may just be beginning.

The ICP Token of the Internet Computer protocol has recorded an impressive growth of nearly 100% in the past week, far exceeding the performance of the overall market which fell by 4.3% during the same period.

This strong increase is driven by positive changes in investor sentiment, clear signs of on-chain accumulation, and renewed interest in altcoins that provide real utility. These factors indicate that the price momentum of ICP still has a lot of potential to continue.

The rise of ICP has not stopped: Notable reasons

According to the data, ICP continues to grow despite the difficult general market context. Just this month, this token reached its highest level in 8 months on November 4.

In the last 24 hours, ICP has increased by 17.6%. At the moment, the trading price of ICP is 5.85 USD.

CPI Price Chart | Source: CoinphotonInvestor sentiment towards ICP remains very optimistic, with data from CoinGecko showing that around 86% of traders have a positive outlook. Supported by solid sentiment, technical signals, and on-chain data, the bullish trend of ICP is entirely likely to continue if the current market conditions are maintained.

A solid foundation and real value drive new interest

The breakthrough of ICP occurs in the context of the market adjusting its investment strategy. By the end of 2025, investors begin to refocus on projects with solid foundations, rather than chasing short-term speculative trends.

This is evidenced by the recent price increases of privacy-focused assets such as Zcash (ZEC) and Dash (DASH). This trend reflects a shift towards long-term value, rather than merely seeking immediate profits.

An expert commented: “ICP has finally entered a phase that many once doubted. This is the only blockchain capable of operating the entire Internet service completely on-chain. The current feeling is reminiscent of ETH in early 2017: the technology is undervalued, misunderstood by the masses, quietly accumulated by savvy investors. When the new wave emerges, ICP will not only grow but also reaffirm the true value of the technology.”

On-chain data further strengthens ICP's position, as the Internet Computer blockchain has processed over 262 billion transactions since the token release event (TGE), far surpassing Solana with 94.1 billion and Hedera with 71.1 billion transactions. This makes ICP the leading blockchain in terms of total transactions since its launch.

ICP leads in total Blockchain transactions since TGE | Source: X/IncomeSharks## On-chain accumulation and exchange balance changes

According to data from Nansen, the supply of ICP on exchanges has fallen sharply by 31.4% in the past month. At the same time, the top 100 wallet addresses have increased their holdings to approximately 30%.

This trend indicates that selling pressure has significantly decreased and the confidence of large investors is increasing. Transferring tokens off exchanges is often a sign of a long-term investment strategy rather than short-term speculation.

Technical signals reinforce growth outlook

Technical analysts have also noted positive signs on the ICP price chart, even comparing it to the previous growth trend of Zcash (ZEC). Many experts forecast that ICP could reach a valuation of 10 USD – a price that previously appeared in January 2025.

A trader commented: “The current signals indicate that a strong growth phase has not yet begun. The market structure is improving, trading volume is increasing, and prices are recovering key levels – all of this suggests that this is not just a technical bounce, but a real growth phase.”

Clearly, the rise of ICP is not just based on the temporary excitement of the market. The decrease in balance on the exchange, the increase in accumulation in large wallets, and price performance all reflect strong demand.

Whether ICP can maintain long-term growth or is just a short-term breakout will depend on its ability to sustain investor interest and the overall trends in the cryptocurrency market.

Mr. Giáo