Internet Computer logo

Internet Computer price

(ICP)

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$58.29
-0.13%

Market stats

$9.5B

$276.4M

162.9M ICP

33 days

47% buy
53% sell

#15

About Internet Computer

Internet Computer (ICP) is a utility token that allows users to participate in and govern the Internet Computer blockchain network. The network aims to help developers create websites, enterprise IT systems, internet services, and DeFi applications by "installing their code directly on the public Internet." ICP can also be staked or "converted into cycles" that can be used to power computation for dApps and traditional applications.

How it works

You can think of ICP as a way of converting crypto into processing power. The network will establish a fee based on the amount of computing power required by a developer’s project. As long as the fee is paid, the website will run directly on the public internet. 

Keep in mind

In a truly decentralized network, who can be held accountable for hosting abusive content? Corporations running the Internet today employ some degree of moderation, although the flip side is that they can also arbitrarily de-platform anyone at any time. Ideally, Internet Computer can use decentralized governance to create solutions to these tricky issues.

Released: May 2021

Internet Computer is on the rise this week.

The price of Internet Computer has risen by 0.54% in the past 7 days. The price declined by 0.13% in the last 24 hours. In just the past hour, the price grew by 0.88%. The current price is $58.29 per ICP. Internet Computer is 92.24% below the all time high of $750.73.The current circulating supply is 162,890,216.87 ICP.

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