What is Internet Computer Protocol (ICP)

Overview of Internet Computer

Internet Computer (ICP) is a cryptocurrency. Internet Computer has a current supply of 508,109,632.971 with 446,920,675.128 in circulation. The last known price of Internet Computer is 3.00 EUR and is up 2.669% over the last 24 hours.

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ICP Price Statistics

Internet Computer Price$3.16
24h Low / 24h High$3.06 / $3.17
7d Low / 7d High$2.90 / $3.16
Trading Volume$21,461,019
Market Cap Rank#34
Market Cap$1,406,642,471
Market Cap Dominance0.129%
Volume / Market Cap0.0148
All-Time High$700.65 -99.55%
May 10, 2021 (over 2 years)
All-Time Low$2.8710.10%
Sep 22, 2023 (23 days)
Data is accurate on 10/15/2023

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Internet Computer (ICP) price has increased today.

The price of Internet Computer (ICP) is $3.16 today with a 24-hour trading volume of $21,272,678.36. This represents a 2.65% price increase in the last 24 hours and a 2.29% price increase in the past 7 days. With a circulating supply of 450 Million ICP, Internet Computer is valued at a market cap of $1,406,642,471.

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 Andreessen 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 an Internet Computer?

ICP tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Internet Computer is CoinW, where the most active trading pair ICP/USDT has a trading volume of $1,805,553 in the last 24 hours. Other popular options include Deepcoin and BingX.

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

The trading volume of Internet Computer (ICP) is $21,461,019 in the last 24 hours, representing a 4.80% increase from one day ago and signaling a recent rise in market activity.

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

The highest price paid for an Internet Computer (ICP) is $700.65, which was recorded on May 10, 2021 (over 2 years). Comparatively, the current price is -99.55% 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 $2.87, which was recorded on Sep 22, 2023 (23 days). Comparatively, the current price is 10.10% higher than the all-time low price.

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

The market capitalization of Internet Computer (ICP) is $1,406,642,471 and is ranked #34 on CoinGecko today. Market cap is measured by multiplying the token price with the circulating supply of ICP tokens (450 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 $1,599,229,059. This is a statistical representation of the maximum market cap, assuming a total number of 510 Million ETH tokens are in circulation today.

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

With a price increase of 2.30% in the last 7 days, Internet Computer (ICP) is outperforming the global cryptocurrency market which is down -3.60%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -4.80%.

What is the market sentiment of Internet Computer today?

The community is bullish as more than 70% of users are feeling good about Internet Computer (ICP) today.

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