Internet Computer (ICP) surged more than 39% over the past week, outperforming major cryptocurrencies as investors responded to the recently released MISSION70 whitepaper.
The document proposes comprehensive upgrades to reduce inflation by at least 70% by the end of 2026. This will be achieved through a combination of demand-side acceleration and supply-side reductions.
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Internet computers lead daily profits
ICP has become a prominent player in the cryptocurrency market. Data from CoinGecko shows that ICP recorded gains of almost 26% in the last 24 hours, placing the token at the top of the daily ranking among the top 100 cryptocurrencies.
The rally is part of a broader bullish push that began earlier this week. The altcoin entered 2026 largely in step with the broader crypto market, seeing a modest initial rise before a brief pullback.
However, the momentum reversed again this week. Major assets such as Bitcoin (BTC) and Ethereum (ETH) resumed their upward moves, restoring broader optimism to the market.
While this positive sentiment supported ICP’s price action, developments within the Internet Computer ecosystem may also be contributing to the rally, reinforcing investor confidence in the network’s native fundamentals.
“Internet Computer has led large-cap assets over the past week by increasing its market cap by +39%,” Santiment wrote.
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Mission 70 white paper outlines dual strategy to reduce ICP token inflation
The DFINITY team published the MISSION70 whitepaper on January 13, 2026. It details a dual approach to reducing the CPI inflation rate. The strategy combines actions on the supply and demand sides, with the objective of reducing general symbolic inflation by 70% by the end of the year.
Supply-side reforms will contribute 44% of the total reduction. These changes include reducing voting rewards, node provider rewards, limiting reward pools, and introducing a simpler maturity modulation mechanism.
The white paper argues that current node provider rewards significantly exceed underlying infrastructure costs, creating room for reductions without compromising network security.
“We estimate that the supply-side measures reduce the ICP mintage from 9.72% (January 2026) to 5.42% (January 2027), a reduction of 44%. DFINITY believes that the Mission 70 target of a 70% reduction in inflation will be exceeded through a combination of these supply-side measures and the acceleration of demand,” the document reads.
For the remaining 26%, increased network activity is essential. DFINITY intends to drive demand with AI-powered on-chain applications and new cloud engine products.
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The document projects that increased usage will burn more PCI through computing fees, which could create deflationary pressure.
“To achieve the overall Mission 70 target of a 70% reduction in inflation (from 9.72% to 2.92%), an additional 26% demand hit is required beyond the 44% reduction in supply-side measures. At current price levels, this requires increasing the cycle consumption rate from the current 0.05 XDR per second to 0.77 XDR per second,” the team added.
Market response and on-chain data show great confidence
Meanwhile, ICP’s price increase was matched by notable on-chain activity. Nansen data shows that ICP exchange balances decreased by more than 58% in the last 24 hours.
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These strong capital outflows typically indicate that holders are taking tokens off exchanges, a trend commonly associated with a reduction in short-term selling pressure.
Network usage is also increasing. According to Chainspect, Internet Computer processed approximately 90 million transactions in one day, marking the network’s highest daily activity in more than a month.
From a technical perspective, analysts remain constructive on the ICP’s outlook. Some point to similarities with its November 2025 price structure, suggesting that if momentum is maintained, the asset could attempt a comparable upward move.
As Internet Computer enters this critical period, the cryptocurrency market will watch whether DFINITY can achieve this economic reform. Next time it will be shown whether the price rally indicates a lasting change or is a reaction to predicted events.
