09-25-2021, 09:59 PM
The Internet Computer was worth hundred billions. Until it wasn’t. Price crashed 9
<!-- SC_OFF --><div class="md"><p>ICP all time high was $700.65 (Coingecko Data) on 11 May 2021. Right now it is trading around $45. To get back to that all time high, $45x = $700.65 => x = 15.55 => ICP would need to go up by 1,455%</p> <p>This is impossible. Because the initial price was highly overvalued. The current price is kind of revival from forced diamond hands - those lose millions by buying at/near its all time high.</p> <p>And to be more accurate, the current $45 price is already up from its all time low. This token dropped to $27.44 on 20 Jul 2021. Which means ICP plummeted to the bottom just 9 weeks after the ICO. This is highly unusual for a coin to lose their value that quick from the ICO.</p> <p>Feel so sorry for those bought this coin at all time high. Their money plummeted very quickly after.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/milonuttigrain"> /u/milonuttigrain </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pv5kzm/the_internet_computer_was_worth_hundred_billions/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pv5kzm/the_internet_computer_was_worth_hundred_billions/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>ICP all time high was $700.65 (Coingecko Data) on 11 May 2021. Right now it is trading around $45. To get back to that all time high, $45x = $700.65 => x = 15.55 => ICP would need to go up by 1,455%</p> <p>This is impossible. Because the initial price was highly overvalued. The current price is kind of revival from forced diamond hands - those lose millions by buying at/near its all time high.</p> <p>And to be more accurate, the current $45 price is already up from its all time low. This token dropped to $27.44 on 20 Jul 2021. Which means ICP plummeted to the bottom just 9 weeks after the ICO. This is highly unusual for a coin to lose their value that quick from the ICO.</p> <p>Feel so sorry for those bought this coin at all time high. Their money plummeted very quickly after.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/milonuttigrain"> /u/milonuttigrain </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pv5kzm/the_internet_computer_was_worth_hundred_billions/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pv5kzm/the_internet_computer_was_worth_hundred_billions/">[comments]</a></span>Kind Regards R