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ICP performed well this week, rising 27.8% weekly and 35.6% monthly, clearly outperforming the market. Although the overall trend is still consolidating today, the underlying logic is worth paying attention to.
There are several key points. The Mission 70 plan is very ambitious, aiming to reduce inflation by 70% by 2026, which directly implies a significant easing of supply-side pressure— a typical supply shock expectation. Historically, such expectations tend to be reflected in prices in advance.
Another aspect is the implementation of AI applications. Projects like Caffeine AI and funnAI are gaining popularity within the ecosystem, indicating that developers and users are experiencing these applications firsthand rather than just making surface-level promises. The narrative of AI combined with practical application progress often helps sustain enthusiasm.
The technical chart support is also present. The expectation of supply tightening, coupled with AI hotspots, is building up the conditions for the next wave of market movement.