ICP Remains UNDERVALUED After Outperforming BTC by 40% in a Month

Added: 2026-06-02

[00:00:00]Hello guys, welcome to zero to hero.

[00:00:02]Today ICP is heavily outperforming Bitcoin. Bitcoin is heavily bleeding and dropping. The vast majority of the altcoin market is currently outperforming Bitcoin. However, ICP is one of the top performers and based on data that I will display in the next video, you will see why in my opinion ICP is still heavily heavily undervalued based on money metrics. On top of that, we are going to discuss about the latest indicators, data, price action. We are going to check the volume profile and much much more. So stay tuned and let's dig deep into the rabbit hole. Okie dokie guys, welcome back to the channel.

[00:00:42]Phase two for Hero has just started. The best way to participate is still buy merch in the store. I have more than 20 different items that I have added in the last couple of days in the store. So, make sure to check this out and visit herocashback.com and I will give you 10% cash back in hero for all your orders at a very good uh rate if you spend for example 100 uh euros 100,000 uh hero. Now, also uh before I start as I mentioned phase 2 is now live. You can check my uh latest article posted on the blog uh that explains what is currently happening. So the key stats from phase one is I have raised 7,000 ICP. We have now currently 168 holders, 6,000 ICP staked in two nons for two years. 1,000 ICP held as treasury. Over 327K hero burned actually today uh was the highest daily burn since Genesis. an additional 35,000 hero has been burned.

[00:01:50]So now we are almost at 370k hero burn in less than uh 3 weeks and over 500 800 visits to the hero dashboard uh from visitors in 65 different countries worldwide. Actually now we are already at 850.

[00:02:10]Thank you very much for your participation. Now uh discussing about um data, charts, metrics and indicators.

[00:02:16]I have deployed another application on the internet computer using caffin AI in only 20 minutes. I have built Twitter onchain. No KYC. You can loging in with the internet identity. The interface is very similar. So this is the power of the internet computer and this was deployed using the app market using something that already someone else has built. This is the beauty of the internet computer and this is the future for ICP because you will be able to recycle and remix applications that are very good and the app market will be the one to decide who are the most remixed applications and those will be used by many will be remixed for different purposes and it's fast, costefficient and also very cheap for entrepreneurs and startups. the entry barrier is basically zero low and this is why I didn't mention that uh hero in 2.5 weeks of May has generated more revenue than the whole pola dot blockchain in May hero has generated a small project on the internet computer 25% of the monthly revenue than the card whole Cardano blockchain has generated a small project tiny project on the internet computer a communitydriven project using this infrastructure using ICP entry barrier is 29 bucks per month. You just need to invest some time and you just need to know how to prompt use other AI tools and so on and so forth. But the value proposition is here. So overall this is great to see. And now uh coin hero uh let's check all this data using the infrastructure that I have built. Uh ICP currently sixth uh best gainer of the day. $3.06 plus 15.32% versus the US dollar. It is still too early to celebrate. We are still in no man's land. However, very good performance versus Bitcoin that is currently tanking 2.68% down in the last 24 hours, 7.77% down in the last week. Near Protocol is still doing very well. I did mention that the volume profile is abnormally high for Near Protocol. So, make sure to check this out as well. And uh now I'm going to show you uh the performance in the last 7 day. You will see ICP is not yet here. However, overall ICP has been performing well versus Bitcoin, which I'm going to show you in a second. So here um performance uh daily very good volume still not too high indicators still not very very high. So this is just a bounce of one's day of one day and overall make sure to check coinh hertrading and vote regarding your sentiment today. I feel bullish about ICP. Now let's continue with something else. Bitcoin dominance indicator version two. Let's check who are the best performers today. ICP up 18.56% versus Bitcoin in one day very significant but still near is second place here and Toncoin um that is um now changing the the ticker from what I understood from Ton to Graham 22.31% up now let's check uh the weekly ICP second place 22 51% currently very good performance 30 days ICP fourth place 42.44% in the last 30 days up versus Bitcoin.

[00:06:06]This is a mega mega performance for ICP.

[00:06:10]Obviously, Bitcoin has not performed well. However, in the bare market, you want to see altcoins hold against Bitcoin yearly performance. And this is the fun part. ICP now only 9.39% down versus Bitcoin in the last year while it was minus 65% in October which shows that ICP has been holding exceptionally well against Bitcoin in the last uh 6 to 8 months. I want to see ICP turning positive against Bitcoin and continuing and holding. It does not need to be 150% up but I want to see steady progress for the internet computer.

[00:06:49]However, this is starting to look more positive. On the other hand, I did mention the structure for Bitcoin. Very very similar structure to the previous bare market in which we had this ABC to the upside here. ABC again a complex uh top for for Bitcoin. And then we had multiple ways to the downside. And every time we went down with the with elevator really we started climbing a little bit with the stairs. And this is typical of the bare market. This choppy corrections people think okay the bare market is over. Now we continue. This is the continuation of this trend. But it drops down another time and then a final flash. Boredom and apathy. Everyone thinks Bitcoin is that and then it recovers. Now this time around this seems uh very similar. Bitcoin has been respecting Fibonacci retracement levels in every single cycle. Bitcoin has slightly only slightly dropped under the 786. And uh every new cycle, Bitcoin has stayed shorter and shorter under the 786 before recovering and pushing towards an all-time high. This does not need to repeat. However, I'm tracking Fibonacci retracement levels that are telling me where Bitcoin is currently heading. So, overall, my call was already in October/ November of last year. I told you Bitcoin is going in my opinion much much lower, much lower than you think that many people think. Um, the 786 is around 40k. It does not need to happen.

[00:08:28]However, if it does happen, it's going to play out very similarly to the last cycle. But every cycle is different and every cycle plays out in a slightly different way. Many cycles were very similar, but still overall when you zoom zoom zoom out, it looks like they were similar. But if you zoom in, you will see a lot of differences between the cycles. Now very quickly before ending this video in my opinion nothing has changed in terms of undervaluation of ICP compared to multiple other blockchains uh like SUI like Cardano like AVAC ICP is heavily heavily undervalued.

[00:09:06]So um here before letting you go and I will show you a couple more data uh or rather posts on Twitter before I let you go. uh ICP as you may see since October has not been bleeding against Bitcoin actually has been performing quite okay has been trading sideways for the most time this is how it looks but it's overall recovery this is basically performance since October look at this dropping dropping dropping dropping constantly dropping versus Bitcoin for years now it stopped now I want to see first results of mission 70 which we are already seeing big time so many people were negative about mission 70 let me show you these charts very quickly in a second and then tomorrow I will break them down in details so um very quickly before I let you go so profile uh let me show you a couple of posts I have posted many things today so first of all in May ICP did generate 23 times more revenue than Cardano while generating only 44% % of the expenses that Cardano did generate. The market cap of ICP is 5.5 times lower than the one of Cardano.

[00:10:23]Make it make sense. By the way, as I did mention, Cardano did generate only Hero did generate 25% of what Cardano has generated at $ 8.5 billion market valuation. It just tells me that Cardano is absolutely overvalued at this market cap. This is what this data is telling me. It is it's generating a lot of expenses, not as nearly as much as Ethereum and Solan. They are the champions of expenses. Um I will I don't know if I have this post, but I replied to to Coin Gecko that was telling that Solana dropped under 80 bucks for the first time after I don't know how many months. Well, let me tell you this year Soul has generated $10 million of revenue. Meanwhile, they generated $997 million of expenses.

[00:11:18]Let that sink in. They covered 1% of their operating expenses with revenue and they have generated almost a billion dollars of expenses. How is this sustainable? This is not sustainable.

[00:11:32]It's a bubble. It's fake volume is manipulation is what I have been mentioning for for so many months and it will show at the end of the day they they will fail sooner or later however at that point in time there will be nobody to to to tell I was right because everybody will be gone by that time from this projects so that that's how it is but it's not important if I'm right or if I'm wrong the only thing that is important if I'm profitable or not That's what matters in financial markets and this is why this is not the time to celebrate. Time to celebrate perhaps will be in a couple of years when cloud engines will really display full potential and when the cycle burn rate will be much much higher. Now ICB generate 88% more revenue than SUI in May. Meanwhile, SUI had almost twice as much expenses. ICB has a 5.4x lower market capitalization. Make it make sense. Same goes for AVAC. I will show you a post related to AVAC here. So in May, ICP did generate 3.3 times more revenue than AVAC at a 2.5x lower market capitalization. And this just shows me that ICP compared to multiple other blockchains is still heavily undervalued. This is the reality. This does not mean that ICP has to go up today. This doesn't mean that ICP has to go up in one or two months.

[00:13:00]This just means that based on data ICB is undervalued compared to others. Why is that so? Well, one of the reasons is mission 70 that so many people were hating on and the reality the result is really not what people wanted because of multiple things that I that I have mentioned. However, I believe that the vast majority of the community really understands that mission 70 will have a very substantial impact. Check the video that I have posted today in terms of what cloud engines will do, what is the value proposition, who is the target audience and what is definitely doing with that. And I think the last three videos that I have posted breaking down the R&D. If you take a look at this videos, you will understand what is currently going on and a lot of things are currently going on behind the curtains. Overall, thank you for your participation. Uh the pre ICO for Hero is still uh on. Um you can buy merch in the store. I will give you a 10% cash back. Uh you can also swap uh hero for or rather ICP for here or vice versa. So or vice versa. If you want to sell your hero, I will be more than happy to buy it for ICP at this moment in time. And um the current rate is the same as it was for the ICO. and then hero will start trading at a net asset value meaning every day once a day the um swap rate will be adjusted based on demand.

[00:14:31]So if we have more buy orders than sell orders price goes up if not price goes down and I did mention everything in the article so I will not repeat it here. If you're interested uh just go check it out. Thank you very much. If you have any other questions let me know and I will see you in the next one. Bye-bye.