Internet Computer (ICP) Trading Down 16.4% This Week

Internet Computer (ICP) traded 2% lower against the dollar during the 24 hour period ending at 8:00 AM E.T. on March 10th. One Internet Computer coin can now be bought for approximately $5.67 or 0.00006839 BTC on exchanges. Internet Computer has a total market capitalization of $2.73 billion and approximately $94.60 million worth of Internet Computer was traded on exchanges in the last 24 hours. Over the last week, Internet Computer has traded down 16.4% against the dollar.

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

• Hedera (HBAR) traded 2.7% lower against the dollar and now trades at $0.21 or 0.00000252 BTC.
• Avalanche (AVAX) traded down 4.3% against the dollar and now trades at $18.80 or 0.00022684 BTC.
• NEAR Protocol (NEAR) traded down 4.7% against the dollar and now trades at $2.63 or 0.00003177 BTC.
• Cronos (CRO) traded down 2.8% against the dollar and now trades at $0.0844 or 0.00000102 BTC.
• Algorand (ALGO) traded 2.7% lower against the dollar and now trades at $0.21 or 0.00000252 BTC.
• Cosmos (ATOM) traded 0% higher against the dollar and now trades at $4.01 or 0.00004835 BTC.
• Fetch.ai (FET) traded up 0.7% against the dollar and now trades at $0.55 or 0.00000662 BTC.
• Kava (KAVA) traded down 0.6% against the dollar and now trades at $0.41 or 0.00000498 BTC.
• Akash Network (AKT) traded down 6% against the dollar and now trades at $1.18 or 0.00001412 BTC.
• Theta Fuel (TFUEL) traded 3.5% lower against the dollar and now trades at $0.0396 or 0.00000048 BTC.

Internet Computer Coin Profile

Internet Computer (CRYPTO:ICP) uses the hashing algorithm. Its genesis date was May 10th, 2021. Internet Computer’s total supply is 530,301,961 coins and its circulating supply is 481,426,012 coins. Internet Computer’s official website 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. Internet Computer’s official Twitter account is @dfinity and its Facebook page is accessible 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.”

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 Ethereum or Bitcoin using an exchange that deals in US 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