Internet Computer

ICP Price

What is the Internet Computer and ICP?

The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any Web 2.0 online system or service, and web3 services, including web3 social media services, without any need for centralized traditional IT such as cloud computing services. It also enables smart contracts it hosts to directly create transactions on other blockchains, which in turn enables the full end-to-end decentralization of online services and web3 for the first time.

Who founded the Internet Computer?

The project was founded in October 2016 by Dominic Willams and has raised a total of $121 million from investors such as Adreessen Horowitz, Polychain Capital, Multicoin Capital and such. On May 10, 2021, DFINITY launched the Internet Computer into the public domain, marking it a major milestone for ICP as it means the internet now functions as a decentralized global computer. This is marked by the release of all of the Internet Computer’s source code into the public domain, as well as the ICP utility token that allows tens of thousands of community members to govern the Internet Computer network.

Internet Computer-based Projects

1. DeFi

Next-generation decentralized exchanges such as Sonic, InfinitySwap, and ICPSwap, running entirely on-chain, are leveraging the Internet Computer’s reverse-gas model and 1 second transaction finality to give users zero gas fees and lightning fast speed for swaps, transactions, and more.

2. NFT

The lead artist behind the Bored Ape Yacht Club collection, debuted a new collection of NFTs on the Internet Computer at Art Basel, “The new series is hosted on the Internet Computer allowing for bigger file sizes. It's an example of how artists are starting to experiment with NFT platforms beyond Ethereum.” ORIGYN, a NFT marketplace building on the Internet Computer, saw its valuation soar to $300 million following a round of investment from Paris Hilton and Wall Street veteran Bill Ackman.

3. Games

MetaSports Basketball is an open basketball metaverse, where users utilize their favorite Ethereum and Internet Computer-based NFTs to compete to become basketball superstars on teams they own and manage. 

4. Social media

• OpenChat boasts 100,000 users, with close to 1 million messages sent over its decentralized messaging service. 

• Distrikt, a decentralized Facebook, surpassed 70,000 user accounts and 100,000 posts — with less than $100 spent on gas. 

• Dmail is the Web3 replacement for email, and enables users to send and receive blockchain-backed, encrypted messages. 

• DSocial is a decentralized version of YouTube, enabling content creators to be fairly rewarded via tokens for their work, and engagement.

5. Metaverse

• PokedStudios launched the Bots NFT collection in an early foray into the metaverse on the Internet Computer, with the rarest Bot netting a sale of 3,000 ICP (~$172,140). 

• IC Gallery is an interoperable 3D metaverse blending GameFi and DeFi, where users can play, mint, and trade all their existing NFTs through various immersive 3D experiences.

Where can you buy Internet Computer?

ICP tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Internet Computer is Binance, where the most active trading pair ICP/USDT has a trading volume of $9,903,600.58 in the last 24 hours. Other popular options include Gate.io and Coinbase Exchange.

What is the daily trading volume of Internet Computer (ICP)?

The trading volume of Internet Computer (ICP) is $81,586,444.62 in the last 24 hours, representing a 16.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the all-time high for Internet Computer (ICP)?

The highest price paid for Internet Computer (ICP) is BTC0.01208, which was recorded on May 10, 2021 (almost 4 years). Comparatively, the current price is -99.00% lower than the all-time high price.

What is the all-time low for Internet Computer (ICP)?

The lowest price paid for Internet Computer (ICP) is BTC0.00006528, which was recorded on Sep 22, 2023 (over 1 year). Comparatively, the current price is 133.80% higher than the all-time low price.

What is the market cap of Internet Computer (ICP)?

Market capitalization of Internet Computer (ICP) is BTC33,838.1689 and is ranked #44 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ICP tokens (480 Million tokens are tradable on the market today).

What is the fully diluted valuation of Internet Computer (ICP)?

The fully diluted valuation (FDV) of Internet Computer (ICP) is BTC37,295.9636. This is a statistical representation of the maximum market cap, assuming total number of 530 Million ETH tokens are in circulation today.

How does the price performance of Internet Computer compare against its peers?

With a price decline of -6.60% in the last 7 days, Internet Computer (ICP) is underperforming the global cryptocurrency market which is down -3.40%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -0.90%.