The Internet Computer (ICP) is at the top. The smart contract platform DFINITY Foundation is up 22.7 percent in the last 24 hours and is trading at the time of writing $36.02.
The rally is mostly fueled by speculation, and there have been no fundamental changes recently to justify double-digit price gains. Only the “canisters count”, i.e. the number of dApps and smart contracts in ICP, has slightly increased since the beginning of the year.
The ICP continues to see short-term rallies that turn into bubbles. More recently, the price rose to almost US$80 in early September, but fell by half by the end of the month.