ICNT (Impossible Cloud Network) increased by 39.07% in the past 24 hours

GateNewsBot
ICNT1,38%

Gate News Bot Message, December 12 — According to CoinMarketCap data, at the time of press, ICNT (Impossible Cloud Network) is trading at $0.35, up 39.07% in the past 24 hours, with a high of $0.36 and a low of $0.23. The 24-hour trading volume reached $11.4 million. The current market capitalization is approximately $59.3 million, an increase of $1.67 million from yesterday.

Impossible Cloud Network (ICN) is a global bare-metal AI infrastructure network dedicated to providing high-performance, low-cost cloud computing solutions for enterprise AI applications. The network has deployments in key global markets including Europe, the US, and Asia, offering instant access to enterprise-ready AI infrastructure. The ICN ecosystem generates an annual revenue of $7 million, serves over 1,000 enterprise clients, has a cloud transaction processing capacity of 23,000 TPS, and a total transaction volume exceeding $1 billion.

Recent Important News about ICNT:

1️⃣ ICNT Token Officially Launches Market Circulation
Impossible Cloud Network has launched the ICNT token, marking further commercialization and marketization of the ecosystem. The token launch coincides with rising interest in the AI infrastructure sector, providing a financial tool for market participants to directly engage with the ecosystem.

2️⃣ Growing Demand for Enterprise AI Infrastructure Drives Development
The network has established deployments across Europe, the US, and Asia, serving over 1,000 enterprise clients. An annual revenue of $7 million and a processing capacity of 23,000 TPS demonstrate the platform’s practical value in the enterprise market, providing substantial support for the token’s value.

3️⃣ Active Trading and Rapid Market Cap Growth
The 24-hour trading volume reached $11.4 million, with a daily market cap increase of $1.67 million, indicating a significant rise in market attention. Improved token liquidity and increased market recognition mutually promote each other, jointly driving rapid price appreciation.

This message is not investment advice. Investors should 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

XRP Holds $1.32 Support as Weekly Volatility Expands

XRP is experiencing increased volatility as it trades near $1.32, with the 20-week moving average acting as resistance and lower Bollinger Band suggesting a potential decline to $1.274. The prevailing downward trend poses risks, with support levels being tested.

CryptoFrontNews42m ago

Here’s Why the Crypto Market Is Falling as Bitcoin (BTC) Price Slips Below $65K

The crypto market is struggling. Total market cap is down about 3.5%, now sitting near $2.25 trillion. The Bitcoin price has fallen more than 3% and is trading around $65,549 after briefly dipping even lower. Ethereum is down 5%, BNB has dropped 3.7%, Solana is down 7%, and XRP is off about 4%.

CaptainAltcoin58m ago

Riot Platforms Vice President: BTC Still the Most Undervalued Asset in the World

ChainCatcher message, Riot Platforms Vice President Pierre Rochard posted on X stating that Bitcoin remains the most underestimated asset in the world.

GateNewsBot1h ago

Crypto Investors Look Beyond Major Coins as Dip Drags Markets: Exec

The article discusses how crypto investors are exploring options beyond major coins due to market dips, emphasizing changes and trends in cryptocurrency investments.

CryptoBreaking1h ago

Render (RENDER) To Rise Further? Key Potential Bullish Pattern Formation Suggest So!

_Key Takeaways_ _RENDER is forming a double bottom near $1.13, signaling fading selling pressure and a potential bullish reversal._ _A

CoinsProbe1h ago

Bitcoin ETF experiences five consecutive weeks of outflows totaling $3.8 billion, setting a record! IBIT is being redeemed aggressively for $2.1 billion. Is institutional confidence collapsing?

The US Bitcoin spot ETF has experienced a net outflow of nearly $3.8 billion over the past five weeks, marking the longest redemption record since 2025. BlackRock's IBIT fund was hit the hardest, with outflows exceeding $2.1 billion. This phenomenon is caused by a combination of three factors: geopolitical tensions, tariff policies, and weak Bitcoin technical fundamentals. Similar situations in the past have led to significant declines in Bitcoin prices, but future performance remains to be seen.

動區BlockTempo2h 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)