Internet Computer Trading 17.6% Lower This Week (ICP)

Internet Computer (ICP) traded down 4.4% against the dollar during the one day period ending at 21:00 PM E.T. on June 23rd. One Internet Computer token can currently be bought for about $7.91 or 0.00012542 BTC on major cryptocurrency exchanges. Internet Computer has a total market capitalization of $3.68 billion and approximately $48.98 million worth of Internet Computer was traded on exchanges in the last day. During the last seven days, Internet Computer has traded 17.6% lower against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 2.7% lower against the dollar and now trades at $25.05 or 0.00039724 BTC.
• NEAR Protocol (NEAR) traded down 1.7% against the dollar and now trades at $5.29 or 0.00008397 BTC.
• Hedera (HBAR) traded down 2.6% against the dollar and now trades at $0.0767 or 0.00000122 BTC.
• Cosmos (ATOM) traded down 0.9% against the dollar and now trades at $6.72 or 0.00010662 BTC.
• Cronos (CRO) traded down 2.1% against the dollar and now trades at $0.0916 or 0.00000145 BTC.
• Fetch.ai (FET) traded 6.2% lower against the dollar and now trades at $1.41 or 0.00002233 BTC.
• Algorand (ALGO) traded 1.8% lower against the dollar and now trades at $0.13 or 0.00000211 BTC.
• Akash Network (AKT) traded 6.2% lower against the dollar and now trades at $2.85 or 0.00004473 BTC.
• Theta Fuel (TFUEL) traded 1.6% higher against the dollar and now trades at $0.0747 or 0.00000118 BTC.
• Kava (KAVA) traded 3.2% lower against the dollar and now trades at $0.45 or 0.00000721 BTC.

About Internet Computer

Internet Computer (ICP) uses the hashing algorithm. It launched on May 10th, 2021. Internet Computer’s total supply is 520,020,048 tokens and its circulating supply is 465,395,605 tokens. Internet Computer’s official Twitter account is @dfinity and its Facebook page is accessible here. The official website for Internet Computer is internetcomputer.org. 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 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 possible to purchase alternative cryptocurrencies such as Internet Computer directly using US dollars. Investors seeking to trade Internet Computer should first purchase 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 purchase Internet Computer using one of the exchanges listed above.

ICP/USD price chart by TradingView