Internet Computer Trading 17.5% Lower This Week (ICP)

Internet Computer (ICP) traded down 2.3% against the US dollar during the 24-hour period ending at 16:00 PM E.T. on June 15th. Over the last week, Internet Computer has traded 17.5% lower against the US dollar. One Internet Computer token can now be bought for $9.04 or 0.00013707 BTC on major cryptocurrency exchanges. Internet Computer has a total market capitalization of $4.20 billion and approximately $61.24 million worth of Internet Computer was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded up 1.3% against the dollar and now trades at $29.98 or 0.00045468 BTC.
• NEAR Protocol (NEAR) traded 1.7% higher against the dollar and now trades at $5.59 or 0.00008474 BTC.
• Hedera (HBAR) traded 0.6% lower against the dollar and now trades at $0.0849 or 0.00000129 BTC.
• Cosmos (ATOM) traded 0.9% higher against the dollar and now trades at $7.10 or 0.00010773 BTC.
• Cronos (CRO) traded up 1% against the dollar and now trades at $0.10 or 0.00000152 BTC.
• Fetch.ai (FET) traded up 0.5% against the dollar and now trades at $1.46 or 0.00002216 BTC.
• Algorand (ALGO) traded 2.1% higher against the dollar and now trades at $0.15 or 0.00000231 BTC.
• Akash Network (AKT) traded 2.5% higher against the dollar and now trades at $3.46 or 0.00005228 BTC.
• Kava (KAVA) traded 3.3% higher against the dollar and now trades at $0.56 or 0.00000844 BTC.
• Theta Fuel (TFUEL) traded up 3.3% against the dollar and now trades at $0.0789 or 0.00000120 BTC.

Internet Computer Profile

ICP uses the hashing algorithm. Its launch date was May 10th, 2021. Internet Computer’s total supply is 519,870,891 tokens and its circulating supply is 465,246,416 tokens. 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 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 currently possible to buy alternative cryptocurrencies such as Internet Computer directly using US dollars. Investors seeking to trade Internet Computer should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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