Internet Computer (ICP) Trading Down 23% This Week

Internet Computer (ICP) traded 0.6% lower against the dollar during the twenty-four hour period ending at 0:00 AM ET on April 17th. Internet Computer has a market cap of $5.61 billion and $158.89 million worth of Internet Computer was traded on exchanges in the last 24 hours. One Internet Computer token can currently be bought for approximately $12.13 or 0.00019605 BTC on major cryptocurrency exchanges. During the last week, Internet Computer has traded 23% lower against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 0.6% lower against the dollar and now trades at $34.41 or 0.00055608 BTC.
• NEAR Protocol (NEAR) traded up 2% against the dollar and now trades at $5.45 or 0.00008804 BTC.
• Cronos (CRO) traded down 3.8% against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Cosmos (ATOM) traded 0.4% higher against the dollar and now trades at $8.14 or 0.00013156 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0798 or 0.00000129 BTC.
• Fetch.ai (FET) traded down 1.9% against the dollar and now trades at $1.99 or 0.00003222 BTC.
• Algorand (ALGO) traded 1.6% lower against the dollar and now trades at $0.17 or 0.00000275 BTC.
• Akash Network (AKT) traded down 6.1% against the dollar and now trades at $3.76 or 0.00006129 BTC.
• Kava (KAVA) traded up 1.1% against the dollar and now trades at $0.65 or 0.00001054 BTC.
• Theta Fuel (TFUEL) traded up 0.1% against the dollar and now trades at $0.0855 or 0.00000138 BTC.

Internet Computer Profile

Internet Computer (CRYPTO:ICP) uses the hashing algorithm. Its launch date was May 10th, 2021. Internet Computer’s total supply is 517,746,912 tokens and its circulating supply is 462,724,954 tokens. Internet Computer’s official Twitter account is @dfinity and its Facebook page is accessible here. The Reddit community for Internet Computer is https://reddit.com/r/dfinity and the currency’s Github account can be viewed here. The official message board for Internet Computer is forum.dfinity.org. Internet Computer’s official website is internetcomputer.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.”

Internet Computer Token Trading

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

ICP/USD price chart by TradingView