What happened?
An analyst says Internet Computer (ICP) is a dormant giant that could explode and is being overlooked. He points to on-chain data showing ICP as the #1 blockchain by transaction volume, ahead of Solana and Ethereum. The token crashed from $4.40 to $2.80 on Oct 10 and is now sitting on a key $3 support level that will decide if it can recover.
Who does this affect?
This directly affects ICP holders and traders who are exposed to sharp price swings and are watching the $3 support. It matters to developers and apps built on the Internet Computer because growing real usage would validate the network. It also concerns investors in small-cap projects and presales like Pepenode, since capital could rotate into promising alt tokens if ICP shows strength.
Why does this matter?
If ICP holds $3 and rebounds toward $16 it could deliver a 5x move and, per the analyst, potentially far larger gains by 2030, which would reshuffle winners in the crypto market. A real usage-driven breakout would encourage capital to flow back into utility chains and real-app ecosystems instead of meme coins, changing altcoin leadership and volume patterns. Still, the recent crash and ongoing volatility mean big upside comes with big risk, and macro moves like Fed rate cuts can amplify both rallies and sell-offs.