Speculation Rises as ICP Ties to Coinbase Launchpad Gain Momentum

Speculation Rises as ICP Ties to Coinbase Launchpad Gain Momentum

Internet Computer (ICP) is generating fresh interest amid rumors of its inclusion in Coinbase’s upcoming Launchpad, despite recent price drops and increasing regulatory scrutiny.

Rumors and Market Reaction

The speculation began with a tweet from Cosplay Deals Insider hinting at a partnership between ICP and Coinbase's Launchpad, supported by a post from Coin Bureau suggesting a token launch event similar to Binance Launchpool. Although Coinbase has made no official announcement, the rumor aligns with the exchange’s strategy to expand beyond traditional listings and support Web3 and DeFi projects.

Despite an 11.03% price decline to $7.92, according to CoinMarketCap, ICP has experienced a new wave of retail investor interest.

ICP Technology and Partnerships

Market Position and Volatility

The Internet Computer, launched post-ICO on May 10, 2021, has a market capitalization of approximately $4.27 billion. Its price volatility continues amid increased decentralized finance (DeFi) activities.

Internet Computer (ICP) is “one of the most ambitious blockchain projects so far” since its multimillion-dollar ICO launch.

Author’s summary: Rumors linking Internet Computer to Coinbase Launchpad drive renewed investor interest despite price volatility and regulatory challenges, highlighting ICP’s technological partnerships and deflationary model.

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