Internet Computer's Pump: Is This the Real Deal, or Just Another Crypto Mirage?
Alright, let's get this straight. Internet Computer (ICP) is up nearly 40% in a day? And almost doubled in a week? In this market? Color me skeptical. I mean, the whole damn crypto market is down, everyone's running scared, and suddenly ICP is mooning? Yeah, right.
So, the story is that investors are flocking to "stable" blockchain platforms. Okay, but let's be real, "stable" and "crypto" are two words that shouldn't even be in the same sentence. It's like saying "responsible gambling" – an oxymoron. And this claim that developers are suddenly all-in on building decentralized apps directly on ICP, without needing bridges… Give me a break. What were they doing last week? Suddenly everyone woke up and realized ICP was the messiah of decentralized apps? I don't buy it.
Then there's LivLive ($LIVE), pulling some "Power Through the Dip" stunt. They're throwing bonus tokens at people who buy their coin when the market's tanking. Sounds like a desperate attempt to pump up the price, if you ask me. "Hey, the ship is sinking, but we're giving out free life jackets! Come on board!" Smart move? Or just smart marketing to fleece a few more suckers? I wonder if they're paying influencers to push this narrative...
Okay, I'll give them this: the numbers are impressive. Up 43.95%, trading at $5.66, breaking resistance levels. Market cap at $3.12 billion. Daily trading volume over $678 million. Not bad. But let's not forget where ICP has been. All-time high of $750.73? Now it's scraping along at around $5? That's a long, long way to fall.
And these "analysts" calling LivLive one of the best crypto projects to buy in 2025? Who are these people? Are they even real analysts, or just paid shills? And what kind of "analysis" are they doing, anyway? I bet their "research" consists of reading the LivLive whitepaper and nodding enthusiastically. Internet Computer (ICP) Defies the Dip While LivLive Becomes 2025’s Best Crypto Presale With Real-World Utility - BlockchainReporter
I saw one prediction that ICP could hit almost $38 by 2031. Seriously? That's eight years from now. Eight years in crypto is like eight centuries in the real world. Who knows what the hell will even exist in eight years? Flying cars? Robot overlords? ICP at $38? Maybe all of the above.
Look, I'm not saying ICP is a complete scam. Maybe it's got some real potential. Maybe the technology is revolutionary. Maybe developers really are flocking to it. But I've been burned before. We've all been burned before. So forgive me if I'm not exactly jumping for joy about this sudden price surge. It's happened so many times, the rug pull, the hype, the promises... it's exhausting.
And honestly, I'm tired of being told what to think. Tired of the endless stream of "this is the next big thing!" from every crypto influencer and "analyst" out there. Tired of the get-rich-quick schemes that always seem to benefit the people selling the schemes, and not the people buying into them.
Then again, maybe I'm just getting old and cranky. Maybe I'm missing out on the opportunity of a lifetime. But I doubt it.
This smells like another pump-and-dump operation. I'm staying far, far away.
