Internet Computer Trading Down 5.5% Over Last Week (ICP)

Internet Computer (ICP) traded up 0.5% against the dollar during the 1-day period ending at 21:00 PM E.T. on May 25th. Internet Computer has a market capitalization of $5.79 billion and approximately $55.10 million worth of Internet Computer was traded on exchanges in the last day. One Internet Computer token can currently be bought for $12.46 or 0.00018014 BTC on major exchanges. In the last seven days, Internet Computer has traded 5.5% lower against the dollar.

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

• Avalanche (AVAX) traded 0.5% higher against the dollar and now trades at $38.19 or 0.00055207 BTC.
• NEAR Protocol (NEAR) traded 4.3% higher against the dollar and now trades at $8.29 or 0.00011981 BTC.
• Hedera (HBAR) traded up 0.3% against the dollar and now trades at $0.11 or 0.00000157 BTC.
• Cosmos (ATOM) traded up 0% against the dollar and now trades at $8.50 or 0.00012291 BTC.
• Cronos (CRO) traded 0.1% higher against the dollar and now trades at $0.12 or 0.00000175 BTC.
• Fetch.ai (FET) traded 0.5% lower against the dollar and now trades at $2.30 or 0.00003323 BTC.
• Algorand (ALGO) traded 1.8% higher against the dollar and now trades at $0.19 or 0.00000280 BTC.
• Akash Network (AKT) traded 0.3% lower against the dollar and now trades at $5.31 or 0.00007665 BTC.
• Kava (KAVA) traded down 1% against the dollar and now trades at $0.68 or 0.00000990 BTC.
• Theta Fuel (TFUEL) traded 0.9% higher against the dollar and now trades at $0.11 or 0.00000154 BTC.

Internet Computer Token Profile

Internet Computer (CRYPTO:ICP) uses the hashing algorithm. It was first traded on May 10th, 2021. Internet Computer’s total supply is 518,920,091 tokens and its circulating supply is 464,299,114 tokens. Internet Computer’s official website is internetcomputer.org. Internet Computer’s official Twitter account is @dfinity and its Facebook page is accessible here. 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.

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 presently 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