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Demystifying Internet Computer (ICP) and the rise of a better alternative

Press Releases Crypto News CryptoDaily UK Demystifying Internet Computer (ICP) and the rise of a better alternative

The cryptocurrency realm is evolving at a breathtaking pace, and the once-celebrated Internet Internet Computer (ICP) has faced turbulence, sparking curiosity among investors. Enter Sparklo (SPRK), a groundbreaking contender boasting unparalleled innovation and stability.

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ICP Crash: A Mystifying Decline Riddled with Unanswered Questions

ICP, the native crypto of the Internet Internet Computer , had a meteoric rise following its launch in May 2021. Bolstered by the project’s technical potential and support from prominent backers like Andreesen Horowitz and Polychain Capital, Internet Computer (ICP) soared into the top 10 cryptocurrencies by market capitalization. The project promised innovations that could compete with tech giants like Google, Facebook, and Amazon, offering attributes such as increased speed, reduced cost, and scalability.

However, the Internet Computer (ICP) token’s sudden and dramatic plunge has left the crypto community in disarray, with some suspecting foul play by the project’s creators. While Internet Computer (ICP) decline could be attributed to the general cryptocurrency market crash, a report by Arkham Intelligence raises suspicions of fraud. This in-depth analysis, comprising on-chain and off-chain data, reveals that massive transactions from addresses allegedly belonging to Dfinity treasury and project insiders account for 75% of the total Internet Computer (ICP) deposits to exchanges during this period.

Arkham Intelligence’s report also calls attention to ethical concerns regarding Dfinity’s project administration, accusing the organization of a lack of transparency in token allocation and unlocking processes. This intriguing crash of the Internet Com

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Author: Crypto Daily

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