The Internet Computer (ICP) token represents a pioneering blockchain project designed to extend the functionality of the public internet. This article provides a detailed overview of its current market performance, historical price trends, and essential metrics every investor should understand.
Current ICP Market Overview
As of today, the live price of Internet Computer (ICP) is $4.7487**. The token has experienced a slight decline of **-1.16%** in the last 24 hours. Its trading volume during this period reached **$37,925,774, indicating active market participation. The current market capitalization stands at approximately $2.54 billion.
The token has been trading between a 24-hour high of $4.93** and a low of **$4.71. With a circulating supply of nearly 535 million ICP tokens, the project maintains a significant presence in the crypto market, currently ranked among the top 50 cryptocurrencies by market cap.
Detailed ICP Price Statistics
Understanding key metrics is crucial for evaluating any cryptocurrency's performance. Here are the essential statistics for Internet Computer:
Price Performance:
- 1-Hour Change: -0.13%
- 24-Hour Change: -1.16%
- 7-Day Change: -4.57%
- 30-Day Change: -7.95%
Market Data:
- Market Cap: $2,540,520,982
- 24-Hour Trading Volume: $37,925,774
- Circulating Supply: 534,990,436 ICP
- Total Supply: 530,109,172 ICP
- Maximum Supply: 469,213,710 ICP
Price Extremes:
- All-Time High: $342 (recorded on May 13, 2021)
- Current Price vs. ATH: -98.61%
Historical Price Analysis
Reviewing historical price data helps identify patterns and potential future movements. The recent trading data for ICP shows consistent activity within a relatively stable range:
| Date | Open Price | High Price | Low Price | Close Price | Volume |
|---|---|---|---|---|---|
| July 1, 25 | $4.91 | $4.93 | $4.71 | $4.71 | 38,672,474 |
| June 30, 25 | $5.08 | $5.10 | $4.89 | $4.91 | 51,433,260 |
| June 29, 25 | $4.86 | $5.12 | $4.83 | $5.08 | 42,104,261 |
This data reveals that ICP has been trading within the $4.70-$5.10 range recently, with varying trading volumes indicating fluctuating market interest.
Global Price Conversions
Internet Computer's value varies across different global currencies:
- 1 ICP to CNY: ¥33.99
- 1 ICP to EUR: €4.02
- 1 ICP to GBP: £3.45
- 1 ICP to INR: ₹406.24
- 1 ICP to JPY: ¥680.89
- 1 ICP to USD: $4.75
These conversion rates are essential for international investors considering ICP investments.
Key Developments and Milestones
Since its launch, Internet Computer has achieved several significant milestones that have shaped its development:
- May 10, 2021: Official launch with 48 data centers across North America, Asia, and Europe
- September 2021: DFINITY Foundation announced Bitcoin network integration
- December 2021: Expanded to 123 data centers operating over 4,300 nodes
- July 2022: Surpassed 1 billion blocks and secured $9 million in funding
- August 2022: Released beta bitcoin testnet API
- December 2022: Completed Mainnet integration with Bitcoin
These developments demonstrate the project's commitment to expanding its capabilities and strengthening its position in the blockchain ecosystem.
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Frequently Asked Questions
What determines the price movement of Internet Computer?
ICP's price is influenced by overall market sentiment, project developments, adoption rates, and broader cryptocurrency trends. Technical factors like trading volume and supply dynamics also play significant roles in short-term price movements.
How does Internet Computer differ from other blockchain projects?
The Internet Computer blockchain aims to extend the public internet's functionality by providing a platform that runs smart contracts at web speed. Unlike many alternatives, it seeks to serve web content directly to users without traditional hosting infrastructure.
What is the significance of ICP's circulating supply?
The circulating supply represents the number of tokens currently available for trading. With approximately 535 million ICP in circulation, this metric helps investors understand the token's scarcity and potential valuation dynamics.
How can I safely store my ICP tokens?
ICP tokens can be stored in various cryptocurrency wallets that support the Internet Computer blockchain. Always choose reputable wallets with strong security features and consider hardware options for larger holdings.
What factors should I consider before investing in ICP?
Before investing, research the project's technology, team, use cases, competition, and market position. Consider your risk tolerance and investment goals, and never invest more than you can afford to lose.
How does ICP's Bitcoin integration benefit the ecosystem?
The Bitcoin integration allows Internet Computer smart contracts to directly hold, send, and receive Bitcoin without third-party bridges. This enhances interoperability between the two networks and expands functionality for developers.
Market Context and Comparison
While ICP has shown some downward pressure recently, it's important to view this performance within the broader cryptocurrency market context. Many major cryptocurrencies have experienced similar trends, reflecting overall market conditions rather than project-specific issues.
The Internet Computer project continues to develop its technology and expand its ecosystem, factors that could influence future price action. Investors should monitor both technical developments and market conditions when evaluating investment decisions.
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Conclusion
Internet Computer remains a significant project in the blockchain space with its innovative approach to extending internet functionality. While current price action shows some short-term weakness, the project's technological developments and growing ecosystem provide a foundation for potential future growth.
As with any cryptocurrency investment, thorough research and careful consideration of risk factors are essential. The volatile nature of digital assets means prices can fluctuate significantly, making informed decision-making crucial for participants in this emerging asset class.