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Cryptocurrencies/Coins/Internet Computer (ICP)
Internet Computer price, market cap on Coin360 heatmap

Internet Computer(ICP)

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0.00025751 BTC
Market Cap (Rank#37)
70,660 BTC
Vol 24h
1,558 BTC
Circulating Supply
Max Supply
17 days agocryptodaily
Ripple Urges For Bespoke Regulations, Crypto Daily TV 17/11/2022
In Todays Headline TV CryptoDaily News: Crypto lender BlockFi preps for possible bankrupcy Crypto lender BlockFi is preparing a potential bankruptcy filing because of its "significant exposure" to bankrupt crypto exchange FTX, the Wall Street Journal reported. Ripple urges UK to craft ‘bespoke regulatory framework’ for crypto. Ripple is hoping to make inroads with politicians in the UK amid its ongoing dispute with the SEC in the United States. The firm has issued a new regulatory whitepaper ahead of expected revisions to the UK’s Financial Markets and Services Bill, which is set to define the nation’s crypto regulation framework. Big banks, NY Fed start to test digital tokens. A group of major banks and the Federal Reserve Bank of New York have started testing digital tokens representing digital dollars to improve how central bank money is settled between institutions. BTC/USD skyrocketed 1.4% in the last session. The Bitcoin-Dollar pair skyrocketed 1.4% in the last session. The CCI is giving a positive signal, going against our overall technical analysis. Support is at 151891 and resistance is at 179071. The CCI is currently in the positive zone. The Ethereum-Dollar pair gained a moderate 0.1% in the last session. The Ethereum got a slight bump of 0.1% against the Dollar in the last session. The CCI is giving a positive signal. Support is at 1122.0567 and resistance is at 1349.2567. The CCI is currently in the positive zone. XRP/USD skyrocketed 2.6% in the last session. The Ripple-Dollar pair exploded 2.6% in the last session. The ROC is giving a positive signal. Support is at 0.3016 and resistance is at 0.4175. The ROC is currently in positive territory. LTC/USD exploded 1.8% in the last session. The Litecoin-Dollar pair exploded 1.8% in the last session. The ROC gives a positive signal. Support is at 50.9067 and resistance is at 62.0267. The ROC is giving a positive signal. Daily Economic Calendar: NL Unemployment Rate The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. The Dutch Unemployment Rate will be released at 05:30 GMT, Japan's National Consumer Price Index at 23:30 GMT, and the Eurozone's Harmonized Index of Consumer Prices at 10:00 GMT. JP National Consumer Price Index The National Consumer Price Index measures price movements obtained by comparing the retail prices of a representative shopping basket of goods and services. EMU Harmonized Index of Consumer Prices The HICP measures price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). AU Unemployment Rate The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. Australia's Unemployment Rate will be released at 00:30 GMT, the US Housing Starts at 13:30 GMT, and Australia's Employment Change at 00:30 GMT. US Housing Starts The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market. AU Employment Change The Employment Change is a measure of the change in the number of employed people, which in turn shows the Labor market's strength. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Internet Computer

The live price of Internet Computer (ICP) today is 4.4685 USD, and with the current circulating supply of Internet Computer at 274,394,889.76 ICP, its market capitalization stands at 1,226,141,683 USD. In the last 24 hours ICP price has moved 0.1991 USD or 0.05% while 20,765,438 USD worth of ICP has been traded on various exchanges. The current valuation of ICP puts it at #37 in cryptocurrency rankings based on market capitalization.

Learn more about the Internet Computer blockchain network and how it works or follow the price of its native cryptocurrency ICP and the broader market with our unique COIN360 cryptocurrency heatmap.

The Internet Computer was founded in 2016 by early Ethereum technologist Dominic Williams with one aim in mind — to make the internet more decentralized. Currently, corporate giants like Amazon Web Services and Google Cloud dominate the cloud computing market. Even a percentage of nodes for popular decentralized blockchains like Bitcoin and Ethereum are hosted on such centralized servers.

The Internet Computer Protocol (ICP) aims to change this by enabling decentralized storage of data, as well as fast and cheap transactions. It allows decentralized data centers to provide an alternative to centralized cloud services. These data centers can then host any kind of application that can be accessed on the internet. 

The DFINITY Foundation, the non-profit behind the blockchain, launched the Internet Computer into the public domain in May 2021. The network’s native asset, the ICP coin, acts as both a governance and a utility token. 

ICP price 

ICP cryptocurrency had its Genesis event on May 7, 2021, and got listed on reputed exchanges like Coinbase and Binance soon afterward. Initially, ICP coin traded in the vicinity of $460 before dropping to the range between $350 and $250. However, the price of ICP could not gather upward momentum and saw significant decline shortly after listing.

By June 2021, ICP coin had lost most of its value, dropping below $30, according to our live price chart. Even after nearly a year, ICP price did not reach its all-time high set in the initial days after launch. In fact, ICP price reached its lowest point in mid-2022, when it dropped below $15, while its market cap tumbled to around $3.5 billion.

How ICP works

Holders of ICP can lock their assets to vote on community proposals for improvements and upgrades. ICP tokens can also be burned to convert into ‘cycles’ or gas, which is used by developers to pay for the cloud computing and storage costs of running decentralized applications (DApps) on the Internet Computer network. 

Storage costs on the Internet Computer network are around $0.46 per GB of data or around $5 annually per GB, much lower than the costs of storing data on blockchains like Ethereum. Internet Computer claims to be among the fastest blockchain networks, utilizing Chain Key Cryptography, which enables the blockchain to handle around 250,000 queries per second and finalize 11,500 transactions every second. 

The idea behind Internet Computer is to create a sort of ‘world computer’ that can host all types of decentralized applications.

ICP news, updates, and highlights

After raising funds through the ICP token sale in 2017, The DFINITY Foundation raised $61 million in February 2018 from Andreessen Horowitz (A16z) and Polychain Capital. With five years of rigorous development, DFINITY finally launched the Internet Computer in early May 2021. Within two weeks, Sygnum, a Swiss crypto bank became the first custodian for ICP coins.

In late May 2021, DFINITY launched the Internet Computer Developer Ecosystem Program with a $223 million fund.  The aim was to attract developers to build DApps and tools on the Internet Computer.  

Terabithia, a cross-chain bridge, launched in December 2021, connecting Internet Computer with Ethereum. This effectively turned DFINITY’s network into a layer-2 scaling solution for Ethereum, like Polygon, since the bridge allowed ERC-20 tokens to exist on the Internet Computer blockchain. 

In February 2022, the DFINITY Foundation highlighted ICP's Bitcoin integration plans via a developer preview. The goal here is to integrate with Bitcoin and bring smart contracts to the world's largest decentralized blockchain network.

Frequently asked questions about ICP

  • Can you mine or stake ICP?

No. You cannot mine ICP coins since the network does not use a proof-of-work consensus system. However, you can ‘lock’ your ICP coins to vote on governance proposals, and get rewarded in ICP. 

  • What is DFINITY and how is it connected to ICP?

The DFINITY Foundation is a non-profit organization for scientific research consisting of world-renowned cryptographers and computer language experts. The organization is responsible for the development of the Internet Computer blockchain and its native token ICP.

  • What can you do with ICP?

The Internet Computer network calculates the fee for storage of data, based on the amount of data. The developers need to pay this fee in cycles, which can be accumulated by burning ICP tokens. You can also trade ICP tokens on exchanges, as well as use them to participate in the future of the network.

  • How to buy ICP?

Buying ICP is easy - you can use fiat currencies through a range of payment methods on exchanges like OKX, Coinbase, Binance, KuCoin, NEXO among others. You can also buy them using cryptocurrencies like BTC and USDT on several centralized and decentralized exchanges.

Internet Computer Price4.4685 USD
Market Rank#37
Market Cap1,226,141,683 USD
24h Volume27,039,498 USD
Circulating Supply274,394,889.76 ICP
Max Supply469,213,710 ICP
Yesterday's Market Cap1,192,875,400 USD
Yesterday's Open / Close4.1482 USD / 4.3473 USD
Yesterday's High / Low4.3704 USD / 4.1482 USD
Yesterday's Change
0.05% ( 0.1991 USD )
Yesterday's Volume20,765,438 USD
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