ICP all time high was $700.65 (Coingecko Data) on 11 May 2021. Right now it is trading around $45. To get back to that all time high, $45x = $700.65 => x = 15.55 => ICP would need to go up by 1,455%This is impossible. Because the initial price was highly overvalued. The current price is kind of revival from forced diamond hands - those lose millions by buying at/near its all time high.And to be more accurate, the current $45 price is already up from its all time low. This token dropped to $27.44 on 20 Jul 2021. Which means ICP plummeted to the bottom just 9 weeks after the ICO. This is highly unusual for a coin to lose their value that quick from the ICO.Feel so sorry for those bought this coin at all time high. Their money plummeted very quickly after.
Submitted September 25, 2021 at 07:11PM
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