Internet Computer Records Lowest Transaction Fee as ICP Price Eyes Recovery

Internet Computer (ICP) recorded its lowest average transaction fee of the past week on Thursday, highlighting the network’s low-cost transaction environment. According to Chainspect, the average fee reached $0.0000652 per transaction, equivalent to approximately $6.52 for 100,000 transactions. Meanwhile, crypto analyst Giannis Andreou identified a potential recovery path for the ICP price, with several technical levels converging around $16.221. The outlook depends on whether the token can reclaim key resistance levels while maintaining its broader recovery structure. According to Chainspect, Internet Computer recorded an average transaction fee of $0.0000652 on Thursday, marking its lowest level over the previous week. At this rate, processing 100,000 transactions would cost approximately $6.52.

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