Internet Computer (ICP) is the hottest new cryptocurrency available for purchase and is already one of the most valuable coins on the market just days after its release.
Just released on Monday, Internet computer (ICP) Currently # 8 CoinMarketCap A chart of the most valuable cryptocurrencies based on market capitalization, or the total amount of coins multiplied by the current market price of each coin. At the time of this writing, ICP has a market capitalization of approximately $ 37 billion. In short, this new coin is rubbing its elbows with long-running ciphers such as Ripple’s XRP and Cardano (ADA).
The blockchain non-profit foundation DFINITY has an ambitious plan for a decentralized network of Internet computers, and as we know it is nothing more than a reinvention of the Web. Cryptographic investors seem to be jumping into hype, hoping not to miss the opportunity to buy coins that can be several times more valuable.
ICP shares the top 10 with the following big names Bitcoin (BTC) And Ethereum (ETH)Although it’s of little value. Bitcoin has a market capitalization of over $ 1 trillion, and Ethereum’s market capitalization is now just below $ 500 billion (and set the highest price ever) after breaking that barrier for the first time today. Masu).
It’s not enough to get the ICP out of the top 10, but it’s also worth noting that Internet computer prices have fallen sharply today. Coin desk, ICP opened at 249 USDT (tether, equivalent to $ 249) on Monday, hitting a high of $ 737.20 in the wild initial trade, slightly above $ 400 by the end of the day. Prices continued to fall on Tuesday, with trading on Wednesday starting at around $ 372.
At the time of writing this article Prices have fallen about 17% $ 300 in the last 24 hours. That said, according to CoinMarketCap, while the recent bullish beneficiary Ethereum has actually risen slightly, most of the market is now down double digits in popular cryptocurrencies (like Dogecoin). It has fallen by nearly 10%). None of the top ten have been as depressed as internet computers, but they probably add volatility given that they are less established than other coins.
What exactly is an internet computer? It’s a decentralized blockchain-driven protocol that aims to make web publishing faster and easier without the influence of powerful centralized technology companies. In other words, developers and authors are now able to launch apps and services that run on nodes distributed around the world, resisting censorship and monitoring from traditional web hosts and platforms. I can see. Every node that participates in the network acts as a kind of Internet server. It’s like the internet is hosted on something like BitTorrent.
Future improvements in infrastructure promise that the network will run at “web speed” and the platform will support the development of decentralized apps (dapps) such as social media clients and decentralized finance (DeFi) services. Is designed to be.
Of course, in addition to being a speculative investment, ICP coins are “calculated” for network governance within the Internet computer ecosystem, as a reward for node operators, and as explained by cryptographic research resources. Used as “fuel for” Messari.. Developers pay for dapp running on an internet computer rather than the user, so no ICP coins are required to use the services running on the platform.
Internet computers (ICPs) are already available through major crypto exchanges such as Coinbase and Binance, and given the team’s bold objectives and the rapid entry of coins into the top of current crypto projects, the future Will also attract attention.
Internet computers are a new cryptocurrency worth $ 35 billion in three days — that’s why
Source link Internet computers are a new cryptocurrency worth $ 35 billion in three days — that’s why