Key Notes
- ICP rose from $3.09 to $4.71 over seven days before settling at $4.25 on January 15.
- The token overtook NEAR for second place among AI and big data tokens by market cap.
- Mission 70 white paper proposes reducing new ICP token creation by 70% by the end of 2026.
Internet Computer
ICP
$4.29
24h volatility:
11.4%
Market cap:
$2.35 B
Vol. 24h:
$748.64 M
extended its rally with a 35.20% gain over seven days. The token climbed from $3.09 to a weekly high of $4.71 before settling at $4.25.
Trading volume reached $797 million over 24 hours, up 150% from the previous day, according to CoinGecko data. The gains follow a 17% rally on Jan. 13 ahead of the white paper release.
ICP/USDT 1-hour chart showing the rally from $3.20 to $4.70 between Jan. 13-15. RSI reached overbought territory above 70. | Source: TradingView
Mission 70 White Paper Released
Dfinity founder Dominic Williams published the Mission 70 white paper on Jan. 13. The document proposes reducing ICP inflation by at least 70% by the end of 2026.
In practical terms, fewer new tokens would enter circulation, which could benefit existing holders by limiting supply growth.
The white paper estimates that proposed changes would cut annual token creation from 9.72% to 5.42%, a 44% reduction.
Additional platform usage through Dfinity’s cloud services and its Caffeine.ai application would drive the remaining reduction by increasing the rate at which ICP tokens are permanently removed from supply.
Williams also responded to Ethereum
ETH
$3 353
24h volatility:
2.0%
Market cap:
$404.14 B
Vol. 24h:
$32.13 B
co-founder Vitalik Buterin on Jan. 14.
Buterin had declared Web3 infrastructure ready for mainstream use. Williams positioned Internet Computer as a working implementation of that vision, stating that its cloud platform would reach mass market adoption in 2026.
Market Context
Community tracker @DfinityToday reported that ICP overtook NEAR
NEAR
$1.80
24h volatility:
2.0%
Market cap:
$2.30 B
Vol. 24h:
$238.19 M
for second position among AI and big data tokens by market cap on CoinMarketCap. The account noted the token had gained over 40% year-to-date.
The Fear & Greed Index climbed to 61, indicating greed. This marks a sharp shift from the 26 reading two days earlier, when sentiment registered as fear. Total crypto market capitalization added 0.56% to reach $3.35 trillion.
24-hour liquidation heatmap showing $185.91 million in BTC and $92.28 million in ETH forced closures. Red indicates long positions liquidated. | Source: Coinglass
Derivatives data from Coinglass showed bearish bets accounted for $260.53 million in forced closures over 24 hours, compared to $196.17 million for bullish positions.
Total market liquidations reached $456.68 million, down 38% from the prior day.
ICP ranks 56th by market cap at $2.31 billion. The token is listed on major exchanges, including Binance and Coinbase.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.
Zoran Spirkovski on X
Source: https://www.coinspeaker.com/icp-extends-rally-to-35-as-mission-70-white-paper-targets-70-inflation-cut/
