Internet Computer (ICP) Hits Self Reported Market Capitalization of $5.67 Billion

Internet Computer (ICP) traded 5.4% lower against the dollar during the 24 hour period ending at 7:00 AM ET on May 8th. One Internet Computer token can currently be purchased for $12.23 or 0.00019603 BTC on exchanges. Internet Computer has a total market cap of $5.67 billion and $98.37 million worth of Internet Computer was traded on exchanges in the last day. During the last seven days, Internet Computer has traded down 2.6% against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 6.3% lower against the dollar and now trades at $34.66 or 0.00055538 BTC.
• NEAR Protocol (NEAR) traded 5.4% lower against the dollar and now trades at $7.18 or 0.00011503 BTC.
• Hedera (HBAR) traded down 5.3% against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded down 3.8% against the dollar and now trades at $8.90 or 0.00014264 BTC.
• Cronos (CRO) traded 4.7% lower against the dollar and now trades at $0.12 or 0.00000200 BTC.
• Fetch.ai (FET) traded down 8.8% against the dollar and now trades at $2.27 or 0.00003633 BTC.
• Algorand (ALGO) traded 3.6% lower against the dollar and now trades at $0.19 or 0.00000303 BTC.
• Akash Network (AKT) traded down 6.4% against the dollar and now trades at $4.42 or 0.00007090 BTC.
• Theta Fuel (TFUEL) traded up 0.2% against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Kava (KAVA) traded 2.7% lower against the dollar and now trades at $0.66 or 0.00001055 BTC.

Internet Computer Profile

Internet Computer uses the hashing algorithm. It launched on May 10th, 2021. Internet Computer’s total supply is 518,416,440 tokens and its circulating supply is 463,644,904 tokens. The official message board for Internet Computer is forum.dfinity.org. 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.

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 possible to buy alternative cryptocurrencies such as Internet Computer directly using U.S. dollars. Investors seeking to trade Internet Computer should first buy Bitcoin or Ethereum using an exchange that deals in U.S. 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 aforementioned exchanges.

ICP/USD price chart by TradingView