Technical analysis by BGMind_Control about Symbol ICP: Buy recommendation (9/19/2024)

I say the ICP risk reward is great because currently you are buying it at 4 4B MC valuation, which i think is great because of the fundamentals that the chain has. Lets say by the end of this bull market conservatively it gets to $100B MC and you sell there. That is a 25x return. Lets say you buy and you stake it, because ICP has a great staking mechanism, you are essentially getting paid to hold your position. There is effectively a 1 month lock up period if you stake for 8y, because you can always sell your account at around 15% discount. Your downside is very limited. Lets say 50% of your investment and your upside is 25x. I would take that bet every day of the week.