Internet Computer Reaches Self Reported Market Capitalization of $3.42 Billion (ICP)

Internet Computer (ICP) traded down 3.3% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on August 7th. In the last week, Internet Computer has traded 19.1% lower against the U.S. dollar. Internet Computer has a market capitalization of $3.42 billion and approximately $101.50 million worth of Internet Computer was traded on exchanges in the last day. One Internet Computer coin can currently be bought for $7.29 or 0.00012961 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded down 2.7% against the dollar and now trades at $20.52 or 0.00036457 BTC.
• NEAR Protocol (NEAR) traded down 2.7% against the dollar and now trades at $3.62 or 0.00006436 BTC.
• Cronos (CRO) traded down 0.6% against the dollar and now trades at $0.0796 or 0.00000141 BTC.
• Hedera (HBAR) traded 1.9% lower against the dollar and now trades at $0.0548 or 0.00000097 BTC.
• Cosmos (ATOM) traded down 1.9% against the dollar and now trades at $4.84 or 0.00008593 BTC.
• Algorand (ALGO) traded down 1.5% against the dollar and now trades at $0.11 or 0.00000200 BTC.
• Fetch.ai (FET) traded down 2% against the dollar and now trades at $0.86 or 0.00001524 BTC.
• Akash Network (AKT) traded 3.7% lower against the dollar and now trades at $2.37 or 0.00004166 BTC.
• Theta Fuel (TFUEL) traded up 0.3% against the dollar and now trades at $0.0534 or 0.00000095 BTC.
• Kava (KAVA) traded 1.6% lower against the dollar and now trades at $0.30 or 0.00000531 BTC.

Internet Computer Coin Profile

Internet Computer (ICP) uses the hashing algorithm. It launched on May 10th, 2021. Internet Computer’s total supply is 521,444,984 coins and its circulating supply is 468,355,860 coins. The official message board for Internet Computer is forum.dfinity.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 Twitter account is @dfinity and its Facebook page is accessible here. The official website for Internet Computer 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.”

Buying and Selling Internet Computer

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

ICP/USD price chart by TradingView