Internet Computer (ICP) Soars 100%: Unpacking the Recent Bull Run

While many cryptocurrencies experienced sharp losses during a recent market correction, Internet Computer (ICP) has defied the trend, posting an astounding 100% surge over the past week. Analysts attribute this meteoric rise to a combination of factors, including DFINITY Foundation’s launch of the AI platform ‘Caffeine,’ which allows developers to create applications on the Internet Computer blockchain. ICP’s price has jumped by over 27% in just one day and is currently trading at around $6.12, according to CoinGecko. The bullish momentum started towards the end of October and intensified early this week.