The Real Reason ICP Is Priced as the 59th Coin

[00:00:00]Many of you have asked if ICP is that great in terms of technology, wouldn't the price reflect it? And I'm going to say that the price today does reflect that it's that great in technology because every effort you can imagine has been made to keep ICP as cheap as possible to hide it from everybody else in crypto because most people in crypto are not going to go down and figure out that the 59th coin on the price chart right here is the only real thing in crypto and almost everything else is faking, lying, and cheating, and doing absolutely everything you can imagine to trick as many people as possible into dumping money into something that is completely worthless.

[00:00:48]And by completely worthless, I mean based on the technology. The technology is so useless and it it's that there's almost no reason to use it outside of complete hype and speculation.

[00:00:59]So, if I were to fairly appraise ICP right now, the minimum price I would give it just by pulling this random number out of my head is $69. That's the absolute minimum price. If I were to appraise ICP, this is where the price should be if the market had any kind of integrity and if spot buying and was any real indicator of price and if influencers had any integrity across the space.

[00:01:25]Instead, every single effort you can imagine has been made to keep the price as low as possible because imagine if the ICP price was $69. The market cap would be like between Solana and Tron right now. And people often do take the time to look down into the top 10, but you can exclude Tether and USDC cuz these are stable coins. So, right now if there was any integrity, Bitcoin would be way lower, Ethereum would be way lower, BNB would be way lower, XRP would be zero, Solana would be way lower, and then ICP would be right here if there was integrity in crypto.

[00:02:03]ICP would probably be the third market cap crypto just behind Ethereum, which would not be valued that far ahead of it. And then Bitcoin, which would not be valued that far ahead of Ethereum.

[00:02:15]But instead, you've got a bunch of people and large entities that have already bought Bitcoin and Ethereum cheaper. They do everything they can to shill it to people to buy it because then if they're honest, they can sell what they already have to them. And if they're dishonest, they can sell two to 10 times as much as they actually have to the people that are buying it.

[00:02:35]And it gets progressively worse. Then you've got exchanges that have just created things like BNB out of thin air, and then have made CZ a billionaire. But what exactly has CZ done? He created a crypto exchange. CZ became a billionaire. And is there any transparency as to how much ICP is actually held by Binance versus how much is actually on the blockchain? Nope, not that I can see. So, right now exchanges, which is one of the main drivers of crypto prices, have every incentive to keep ICP quiet because what happens every time ICP pops its head up further, then people start to get interested.

[00:03:13]They start to research the technology, and that's a problem. Because once you understand what ICP does, everything else just looks like garbage, especially Bitcoin and Ethereum. Just grossly inflated useless crap. And then the others, it's like XRP? Like it's so useless. It's all hype and paying people to talk. Like there's there's no technical reality to why you'd want to do anything with XRP that ICP wouldn't do way better, faster, cheaper, more secure, tamper-proof, more everything.

[00:03:45]There's no Once you know about ICP, Bitcoin at best is a collector's item.

[00:03:51]Ethereum is best for trying to use some liquidity on ICP as layer two. XRP is utterly useless. BNB is utterly useless.

[00:03:59]You don't need crypto exchanges anymore.

[00:04:02]Once you can build an entire crypto exchange which Definity seems to be experimenting with now trying to build their own version of Hyperliquid which seems like a good idea. You see, you don't need Solana for meme coins cuz every single thing you'd want to do better besides current liquidity can be done better on on ICP than Solana. Tron? You want to gamble online?

[00:04:21]You build your whole casino fully on chain and have it probably secure.

[00:04:25]There's no need to to send Tron back and forth. Hyperliquid not actually decentralized at all from what I can see. And you could build something like Hyperliquid fully on ICP and it would be trustworthy and much more useful and much less problematic. And you see how many people actually research this far down? I mean, even being a crypto YouTuber, I often didn't go look this far down. The further up ICP gets, you start to get exponential extra levels of attention on it.

[00:04:57]The more ICP like right now you've got absolute junk projects like Polkadot that are above ICP. Absolute I mean for everything I can see about BitTensor Tao, this is blatant AI fraud.

[00:05:09]Like there's nothing decentralized happening there at all. It's just all about trying to trick people into putting money into it while offering what I see no real value. And it's up to them to prove I'm wrong because they they launched a coin and they they ought to offer evidence there's something real happening here.

[00:05:27]And all these other ones like these are Cardano. I mean just just absolutely going downhill. The tech is absolutely useless at this point. But how many a lot of people in crypto have never even heard of Cardano and it's been around since 2017. A lot of people in crypto have no idea what Chainlink is. And even people that are old school forget like things like Bitcoin cash. Then you got like Hedera. Most people in crypto have no idea what Hedera is. And there's no reason to know what it is because it's it's useless.

[00:05:58]And this is the whole point with ICP. If it had a real price, it would be very well known in crypto. But the exchanges were able to artificially set the highest the price high when they launched it.

[00:06:11]And then they artificially have done everything possible to suppress the price so people can't see it. Now, the one downside of suppressing the price is when you do get some real attention from some serious money, they're going to buy all of it for that cheap price.

[00:06:27]And some of the exchanges, if ICP pumps enough, some of the exchanges and some of the other altcoins dump, some of the exchanges could have an FTX-style collapse if they end up if their users can end up finding out that they defrauded everybody and didn't have the ICP they were See, you can actually sell a whole bunch One way to keep the ICP price suppressed if an exchange was dishonest, let's say they had a thousand let's say they had a 10 million ICP.

[00:06:56]Well, in most cases, there's nothing to stop an exchange except integrity and honesty.

[00:07:01]>> [laughter] >> They could sell 100 million ICP to their users and there's no way to be accountable. That the exchange could sell $200 million ICP they don't have.

[00:07:15]And then then they just suspend withdrawals whenever they run out and then they can just blast the price down again artificially to get people to dump the ICP.

[00:07:26]You see how how nasty this gets?

[00:07:29]So, the ICP's price today is about as fake as you can imagine because the crypto exchanges who are in the position both legally and illegally to do things to keep the price artificially suppressed. They have every incentive to do so. But, we may see crypto exchanges, we may see one or two exchanges go down completely. If the ICP price pumps and some of these other cryptos all dump at the same time, and then users try to withdraw their funds, and you have users sitting there like FTX.

[00:07:57]There's no There's no money. It's all gone. There's no real money. There's the crypto's gone.

[00:08:01]And this is this is what I see is going to happen. You're going to have exchanges go down whenever ICP hits the fair price. Some of these exchanges that are doing things that are illegal and immoral are going to get caught out and are going to get destroyed. And that may even help the ICP price pump more. So, this ICP price is as fake as you can imagine.

[00:08:20]Will it last forever? No.

[00:08:22]Because the technology is going to become so utterly dominant because it's needed that all this BS with the price only works until there's so much buying demand that there's such a huge level of buying demand that the exchanges that are playing games with ICP price end up paying for it so hard that they stop artificially suppressing the price or they collapse and go out of business.

[00:08:47]And I'm excited to see how this goes down. Obviously, this wasn't financial advice.

[00:08:52]And I am an ICP maxi. You don't think exchanges would like that? Well, here's the thing.

[00:08:59]Not every exchange is being dishonest, although every exchange I can see is not providing accurate coverage of crypto.

[00:09:06]Almost every crypto media outlet is not providing accurate coverage of ICP.

[00:09:11]There seems to be almost everybody in the know and that's connected to power and authority and and crypto, almost all of them are doing everything they can to keep the ICP price down. What you've seen is if there's even little bits of change in momentum, the ICP price shoots.

[00:09:27]So, it's going to be interesting to see where this goes. Thanks for watching this video here, and I filmed this live.

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