Coin Market Cap ICP Overview and Key Features

ICP is the native cryptocurrency of the Internet Computer (IC) blockchain, which is designed to host decentralized applications (dApps) at web scale.

ICP tokens are used to pay for transaction fees, host dApps, and participate in governance decisions on the IC network.

The IC blockchain is built on a unique protocol called the Nervous System, which enables it to host a wide range of applications, from social media to e-commerce platforms.

ICP tokens can be used to vote on proposals to upgrade the IC network, giving holders a say in the development and direction of the protocol.

ICP stands for Internet Computer Protocol, a blockchain platform designed to enable the creation of decentralized applications.

Developed by the DFINITY Foundation, a Swiss non-profit organization, ICP allows for the development of scalable and secure applications.

ICP is built on a proof-of-stake consensus algorithm, which enables faster transaction processing and lower energy consumption compared to traditional proof-of-work algorithms.

This platform is designed to support the creation of decentralized applications, also known as dApps, that can interact with the Internet Computer blockchain.

The Internet Computer blockchain is a decentralized, open-source platform that allows for the creation of decentralized applications.

ICP is the native cryptocurrency of the Internet Computer blockchain, used for transactions and governance within the network.

The DFINITY Foundation has developed a range of tools and technologies to support the development of decentralized applications on the Internet Computer blockchain.

ICP Market Data is a crucial aspect of understanding the value and performance of Internet Computer. The current price of ICP is $9.72 USD, with a 24-hour trading volume of $172,789,075 USD.

ICP has a circulating supply of 479,349,894 coins, and its market capitalization is $4,661,443,073 USD, ranking it #30 on CoinMarketCap. This information is updated in real-time, giving you the most current snapshot of the market.

The Internet Computer price has plummeted by 6.29% in the last 24 hours, and decreased by 21.64% in the last 7 days. This data is essential for making informed decisions about buying or selling ICP.

The Internet Computer's architecture is built on a novel decentralized protocol called Internet Computer Protocol (ICP), which combines the computing power of many nodes to create a unified platform.

This platform is made up of secure code units called "canisters", which are individual applications or functions that can serve HTTP requests and be accessed through a standard web browser.

Canisters are the building blocks of the Internet Computer, allowing users to interact with them seamlessly through an entry point.

The Internet Computer's mainnet launched on May 10th, 2021, and has since seen an incredibly fast-growing developer ecosystem.

A network of independent data centers can launch nodes running the ICP protocol, which are arranged into subnetworks to host software canisters.

Here's a summary of the Internet Computer's architecture:

The Internet Computer's unique architecture allows it to host and serve applications and data on-chain, rather than relying on centralized cloud infrastructure.

The Internet Computer price live data is a great place to start when understanding the market. The current price of Internet Computer is $9.72 USD.

As of now, the 24-hour trading volume is a staggering $172,789,075 USD. This is a significant amount of trading activity, and it's a good sign for the market.

The Internet Computer price has taken a hit recently, dropping by 6.29% in the last 24 hours. This is a notable decline, and it's worth keeping an eye on.

If you're interested in seeing how Internet Computer has performed over different time periods, here's a quick snapshot of its price history:

This table gives you a quick overview of the price movements over different time periods. Keep in mind that the market can be volatile, and prices can fluctuate rapidly.

The current CoinMarketCap ranking is #30, with a live market cap of $4,661,443,073 USD. This ranking can change over time, so it's essential to stay up-to-date with the latest market data.

Here's an interesting read: Time in the Market vs Timing the Market Graph

Buying and selling Internet Computer (ICP) is a relatively straightforward process. You can find ICP on various crypto exchanges.

To get started, you'll need to know the current value of ICP in other currencies. Fortunately, this information is easily accessible.

The most popular trading pairs for ICP are ICP/USDT on Gate.io and Binance, and ICP/USD on Coinbase.

If you're looking to buy or sell ICP, you have several exchange options. Currently, the most active and dominating exchanges for buying and selling Internet Computer are Binance, Kraken, and Kucoin.

Here are some of the most popular exchanges where you can buy ICP:

ICP in DeFi is a growing trend, with ICP being used as a stablecoin in some DeFi applications.

ICP has been used as a governance token in the DeFi protocol, allowing holders to vote on proposals and decisions.

The total value locked in the ICP-based DeFi protocol has surpassed $1 billion, indicating a significant level of adoption.

ICP is also being used as a collateral asset in some DeFi lending platforms, allowing users to borrow ICP-based stablecoins.

The ICP-based stablecoin has a fixed supply of 1 billion tokens, ensuring price stability and reducing the risk of price volatility.

You might enjoy: Stablecoin Price

The Internet Computer (ICP) and Ethereum are two distinct blockchains that have some key differences. Ethereum currently relies on bridges to support cross-chain DeFi.

Ethereum's DAO governance is limited in its functionality, whereas the Internet Computer's DAOs can control all applications without centralized components. This is due to the Internet Computer's ability to securely sign native transactions on other blockchains.

The Internet Computer's massive throughput allows it to achieve absolute transaction finality in 1-2 seconds, with practically unlimited scalability thanks to threshold relays. This is a significant improvement over Ethereum's slow transaction confirmation times.

Storing data on-chain is also much cheaper on the Internet Computer, costing $5 per year for 1GB of data, compared to Ethereum's $22.2 million for the same amount of data.

Discover more: Jpm Coin Transaction Volume

The Internet Computer (ICP) price is currently $9.72 USD, with a 24-hour trading volume of $172,789,075 USD. This price is subject to change in real-time.

ICP has experienced a significant drop in value over the past 24 hours, with a 6.29% decrease. This change is reflected in its current market ranking, which is #30.

Here's a breakdown of ICP's price change over the past few days:

ICP's trading volume is significant, with $172,789,075 USD worth of trades in the last 24 hours. This high trading activity is a good indicator of market interest in ICP.

Consider reading: Crypto Exchange with Highest Volume

The Internet Computer price has been fluctuating, but let's dive into the live price analysis. The current real-time Internet Computer price is $9.71, and its trading volume is $107,588,077 in the last 24 hours.

ICP price has plummeted by 6.50% in the last day, and decreased by 21.64% in the last 7 days. This significant drop in price is a key factor to consider when investing in Internet Computer.

The current Internet Computer market capitalization is $4,655,221,801, which is a staggering amount. To put this into perspective, the circulating supply of ICP is 479,349,894 coins.

The most active and popular exchanges for buying or selling ICP are Binance, Kucoin & Kraken. These exchanges are well-established and trustworthy, making it easier to buy or sell Internet Computer.

Here's a comparison of the price of ICP over different time periods:

To find out how much Internet Computer is worth in your local currency, you can check the ICP to Local Currency section.

The Internet Computer (ICP) has had its fair share of price fluctuations over the years. ICP's highest price ever was a notable milestone, reaching $750.73 on May 10, 2021.

This peak price occurred about 3 years and 8 months ago, marking a significant moment in ICP's price history.

ICP has a lowest price of $0.00, which was reached on May 10, 2021 (3 years 8 months ago).

This is a significant milestone in the history of the Internet Computer.