Internet Computer (ICP) is expected to retest the $7.4 resistance level after a nosedive from its monthly high.
Analysts believe that the recent WordPress and Caffeine integration could significantly boost ICP’s network growth.
Internet Computer (ICP) was recently “on fire” when it finally broke above the $7.4 resistance level to reach $9.49. In just 24 hours, the asset surged by 22% with its market cap rising to $5.1 billion.
According to reports, this sudden rally was triggered by excitement over the launch of Caffeine AI.
Caffeine AI and WordPress Integration to Boost ICP’s Price
The Caffeine AI platform was launched by Dfinity to enable developers to create decentralized AI applications with simple prompts in code, natural language, and images.
However, current market data suggests that this momentum is fading as the price declines to $6.1, losing 3.58% of its value in the last 24 hours. Even so, it overtook Bittensor (TAO) to become the largest AI-focused crypto.
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