ICNT (Impossible Cloud Network) increased by 44.87% in 24 hours

GateNewsBot
ICNT3,71%

Gate News Bot Message, December 15 — According to CoinMarketCap data, as of press time, ICNT (Impossible Cloud Network) is priced at $0.40, up 44.87% in 24 hours, reaching a high of $0.46 and a low of $0.23. The 24-hour trading volume is $36 million. The current market capitalization is approximately $66.2 million, an increase of $20.5 million from yesterday.

Impossible Cloud Network is building the world’s largest AI data center network, providing high-performance, enterprise-grade, AI-ready infrastructure across key global markets including Europe, the United States, and Asia. The network features bare-metal deployment, global coverage, scalability, high performance, and enterprise-level features. It has over 1,000 enterprise clients, with annual recurring revenue of $7 million, supporting 23,000 cloud transactions per second, and a total transaction volume surpassing $1 billion.

Recent Important News about ICNT:

1️⃣ ICNT Token Market Launch Draws Attention
The ICNT token has officially entered market circulation, marking a new phase in the ecosystem’s commercialization process. Its launch coincides with the rising popularity of the AI infrastructure sector, providing market participants with a financial tool to directly participate in ecosystem value distribution. This is an important catalyst for the rapid price increase.

2️⃣ Substantial Commercial Foundations Support Token Value
Impossible Cloud Network has completed deployment in key global markets including Europe, the United States, and Asia, serving over 1,000 enterprise clients. With an annual revenue of $7 million, a cloud transaction processing capacity of 23,000 transactions per second, and a total transaction volume exceeding $1 billion, the platform’s practical application value and commercial viability in the enterprise-level AI infrastructure market are well demonstrated, providing a solid fundamental basis for token pricing.

3️⃣ Increasing Trading Activity Promotes Liquidity Improvement
From a trading volume of $11.4 million on December 12 to $36 million on December 15, trading volume has grown over 200% in three days, indicating a significant rise in market participation. The increase in trading activity complements the growth of market cap from $59.3 million to $66.2 million. Liquidity enhancement and market recognition create a positive feedback loop, jointly accelerating recent price surges.

This message is not investment advice. Please be aware of market volatility risks.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

How Music NFTs Reconstruct "Play Counts" into an "Asset Balance Sheet"

On March 15, 2024, independent musician Alicia Chen made a decision that would revolutionize her career. She did not hand her new album over to a record label nor upload it to streaming platforms. Instead, she packaged all 10 songs into a single NFT collection and sold each copy on the blockchain for 0.1 Ethereum. Within 48 hours, all 1,000 NFTs were sold out, earning her approximately $320,000—an amount that is 20 times the total earnings she had accumulated from Spotify streams over the past decade. Behind this silent financial revolution is a paradigm shift reshaping the global music industry. While traditional streaming platforms still defend the revenue model of $3-4 per thousand plays, a quiet transformation is underway—shifting music from an "infinitely reproducible digital stream" to a "scarce asset that can be owned." Music NFTs are rewriting the industry's value distribution.

TechubNews10m ago

Galaxy Digital CEO: The "Speculative Era" of Cryptocurrency May Be Coming to an End

Galaxy Digital CEO Mike Novogratz stated at the Digital Finance Forum that the era of cryptocurrency speculation may be coming to an end, and the future will shift toward a more stable development phase. He emphasized that market adjustments reflect structural changes and mentioned the impact of the 2025 leveraged forced liquidation events on the market. At the same time, he communicated with Senate Minority Leader to support the passage of the CLARITY Act to restore confidence in the crypto market.

GateNewsBot16m ago

Bitwise CIO, who most frequently claims that "the four-year cycle is dead," now admits that cryptocurrencies are in a bear market due to the "four-year cycle."

Bitwise Asset Management Chief Investment Officer Matt Hougan pointed out in an interview that the bear market in the crypto space is influenced by a four-year cycle rather than a single factor. He believes investors are currently more inclined toward gold and AI stocks, with market concerns centered on quantum computing risks and changes in Federal Reserve personnel. Despite Bitcoin's weakness, he remains optimistic about the development of crypto ETFs, emphasizing that Bitcoin's scarcity will not change.

GateNewsBot19m ago

Is the real bottom yet to come? Experts warn: Bitcoin may face a "surrender sell-off" in the final dip

Bitcoin has recently rebounded after a sharp decline, but there are no signs of capitulation selling in the market. Experts believe that another dip may be necessary. The futures market shows little change in the basis, not reaching the deep discounts typical of a bear market, indicating that market sentiment remains pessimistic and more selling pressure may be needed to bottom out.

CryptoCity19m ago

Gray Scale: Bitcoin temporarily steps away from the "digital gold" narrative, highly correlated with software tech stocks also affected by AI?

Grayscale report indicates that the correlation between Bitcoin and software technology stocks is as high as 0.73, showing that it has become more like a high-risk growth asset rather than a hedge. Bitcoin is currently in an evolutionary stage, and its high correlation with tech stocks stems from the popularity of ETF activities, and it will continue to evolve towards a store of value in the future.

動區BlockTempo30m ago

The secret the market hasn't uncovered! XRP dominance rebounds, challenging to surpass ETH market capitalization

XRP Weekly Down 12%, Currently Reported at $1.40, but Outperforming BTC and ETH. Analyst CryptoInsightUK pointed out that XRP has significant liquidity clusters at $2.29, $3.60, $4.20, and $4.40. The dominance indicator shows a bullish trend from support rebounds, needing only a 189% increase to surpass Ethereum in market capitalization.

MarketWhisper33m ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)