ICP experienced a 5% increase in value, reaching $5.57, amid significant developments in its ecosystem. The token saw a trading range of 7% over 24 hours and evidence of strong institutional demand, driven by DFINITY's implementation of a no-code, AI-powered app creation platform. This innovation allows users to create applications using plain English, potentially broadening Web3 development to non-technical users. Additionally, DFINITY burned over 1 million ICP tokens in five months, reducing supply and indicating a commitment to value optimization. Technical analysis highlights support at $5.21 during a trading surge, with resistance observed around $5.58. The combination of AI-enhanced utility and token deflation has attracted institutional interest, positioning ICP favorably within a competitive market.

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