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Internet Computer

ICP

4.2

Price
$6.13
9/26/2022, 2:42:13 PM
diamondHands

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Market

Market stats

Market cap

$1.6B

Volume (24h)

$63.7M

Circulating supply

262.1M ICP

Typical hold time

55 days

Popularity

#28

All time high

$750.73

Price change (1h)

-0.94%

Price change (24h)

+3.36%

Price change (7d)

+0.11%

Trading activity

87% Buy0% Buy
13% Sell100% Sell

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Internet Computer is on the rise this week.

The price of Internet Computer has risen by 0.11% in the past 7 days. The price increased by 3.36% in the last 24 hours. In just the past hour, the price shrunk by 0.94%. The current price is $6.1255 per ICP. Internet Computer is 99.18% below the all time high of $750.73.

The current circulating supply is 262,091,081.239 ICP.

About

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.

What is Internet Computer Protocol (ICP)?

Internet Computer (ICP) is a set of protocols that allow independent data centers around the world to band together and offer a decentralized alternative to the current centralized internet cloud providers. The ICP token is used for governance (holders can vote on the future of the network), to reward network participants for good behavior, and to pay fees for making transactions.

Like a lot of projects in the cryptocurrency space, the Internet Computer Protocol is much more than a form of digital currency. In fact, the ICP token is just one part of a much bigger idea. ICP’s basic idea is to create a new kind of decentralized internet and global computing system — where independent data centers all over the world could join together to create an alternative to the cloud services (from companies like Amazon Web Services and Google Cloud) that power most of the current internet. ICP’s plan is to have the protocol running on millions of computers around the world. 

ICP developers say the resulting network has some key advantages over the centralized alternatives. For one, it operates via open standards and avoids the conflicts of interest that can arise when a major cloud-computing provider hosts products that compete with its own services. 

Originally called DFINITY, ICP’s global and distributed network of data centers can run all of the applications that are accessible via traditional Internet standards such as DNS (the domain name system you use via web browsers and smartphones). 

How does ICP work? 

The Internet today is highly centralized. Popular applications on the web are often closed-source, proprietary, and are hosted on a handful of data centers owned by big tech firms. And if one critical data center fails, huge swathes of the web can also shut down with it. Another major concern (particularly for privacy advocates) is that centralized, corporate web-services providers have the ability to censor or deplatform applications. 

The Internet Computer attempts to offer a fundamental alternative so that developers can build, host, and serve applications in a more decentralized way  — allowing websites to be deployed directly onto the public internet. Further, the Internet Computer would incentivize open source and transparent software development.

As explained in the MIT Technology Review’s profile of the Internet Computer: “Instead of running on a dedicated server in Google Cloud, for example, the software would have no fixed physical address, moving between servers owned by independent data centers around the world.”

One way you can think of ICP is 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 on the public internet. 

In theory, any kind of application can be created and run on the Internet Computer — from social networks similar to LinkedIn and TikTok, to software similar to all the familiar applications you know today, to new kinds of applications not yet conceived. 

Who created ICP?

The Internet Computer is built by the DFINITY Foundation and was started by a developer named Dominic Williams in 2016. The DFINITY Foundation is a nonprofit organization devoted to researching and developing the Internet Computer — after years of research, it officially launched in May 2021. Researchers all over the world contribute to the foundations’ work — including cryptographers that hold around 100,000 academic citations and 200 patents.

How do you buy ICP? 

The ICP token can be purchased and traded via exchanges like Coinbase.

Released: May 2021

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Social

Internet Computer on social media.

Internet Computer was mentioned in 8,105 out of 1,647,737 social media posts on Twitter and Reddit on Sep 25, 2022. 8,501 unique individuals are talking about Internet Computer and it is ranked #34 in most mentions and activity from collected posts.

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Key indicators

Contributors

8,501 people

Posts

8,105 posts

Dominance

0.49%

Volume rank

#34

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FAQ

What is the current price of Internet Computer?

The price of 1 Internet Computer currently costs $6.13.

What is the market cap of Internet Computer?

The current market cap of Internet Computer is $1.61B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Internet Computer?

The all-time high of Internet Computer is $750.73. This all-time high is highest price paid for Internet Computer since it was launched.

What is the 24 hour trading volume of Internet Computer?

Over the last 24 hours, the trading volume of Internet Computer is $63.69M.

What other assets are similar to Internet Computer?

Assets that have a similar market cap to Internet Computer include Filecoin, VeChain, Chain, and many others. To see a full list, see our comparable market cap assets.

How many Internet Computer are there?

The current circulating supply of Internet Computer is 262 million.

What is the typical holding time of Internet Computer?

The median time that Coinbase customers hold Internet Computer before selling it or sending it to another account or address is 55 days.

What is the relative popularity of Internet Computer?

Internet Computer ranks 49 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Internet Computer?

Currently, 87% of Coinbase users are buying Internet Computer. In other words, 87% of Coinbase customers have increased their net position in Internet Computer over the past 24 hours through trading.

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