Internet Computer (ICP) Price Reaches $12.05 on Exchanges

Internet Computer (ICP) traded 4.4% lower against the dollar during the 24 hour period ending at 16:00 PM Eastern on May 8th. Internet Computer has a total market capitalization of $5.59 billion and $104.93 million worth of Internet Computer was traded on exchanges in the last day. Over the last week, Internet Computer has traded down 7.1% against the dollar. One Internet Computer token can currently be purchased for about $12.05 or 0.00019579 BTC on exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 6.4% lower against the dollar and now trades at $33.88 or 0.00055033 BTC.
• NEAR Protocol (NEAR) traded down 7.5% against the dollar and now trades at $6.81 or 0.00011066 BTC.
• Hedera (HBAR) traded down 4.2% against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $9.05 or 0.00014707 BTC.
• Cronos (CRO) traded 2.3% lower against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Fetch.ai (FET) traded down 11% against the dollar and now trades at $2.13 or 0.00003462 BTC.
• Algorand (ALGO) traded down 4.2% against the dollar and now trades at $0.19 or 0.00000304 BTC.
• Akash Network (AKT) traded down 9% against the dollar and now trades at $4.28 or 0.00006892 BTC.
• Theta Fuel (TFUEL) traded 0.8% lower against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Kava (KAVA) traded down 2.5% against the dollar and now trades at $0.65 or 0.00001058 BTC.

Internet Computer Profile

Internet Computer (ICP) uses the hashing algorithm. Its launch date was May 10th, 2021. Internet Computer’s total supply is 518,446,510 tokens and its circulating supply is 463,674,998 tokens. The Reddit community for Internet Computer is https://reddit.com/r/dfinity and the currency’s Github account can be viewed here. Internet Computer’s official Twitter account is @dfinity and its Facebook page is accessible here. The official website for Internet Computer is internetcomputer.org. Internet Computer’s official message board is forum.dfinity.org.

According to CryptoCompare, “Internet Computer (ICP) represents a significant advancement in the field of blockchain technology, aiming to decentralise the internet by enabling a scalable, secure, and efficient platform for running applications and services directly on the blockchain. It was developed by the DFINITY Foundation, under the leadership of Dominic Williams, to challenge the current internet infrastructure and offer an alternative that reduces reliance on centralised cloud services.”

Buying and Selling Internet Computer

It is usually not currently possible to buy alternative cryptocurrencies such as Internet Computer directly using US dollars. Investors seeking to acquire Internet Computer should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Internet Computer using one of the exchanges listed above.

ICP/USD price chart by TradingView