Internet computers were just opened to the public in May 2021. Unlike SafeMoon, Shiba Inu, and other new cryptocurrencies in 2021, Internet computers have been developed for several years by the best crypto minds.
What is an internet computer?
Internet computer An innovation in regular blockchain technology. While other cryptocurrencies like Ethereum focus on proof of stake technology, ICP does not use proof of work or proof of stake. Use queries and calls instead.
This innovative technology aims to enable the combination of the high-speed data processing capabilities of the Internet with the security and reliability of blockchain technology. Internet computers are made by the DFINITY Foundation, which has hundreds of impressive team members.
Internet Computer (ICP) Increases 30% in 24 Hours
Internet computers have seen a significant 30% increase in price in just 24 hours. That said, coins have a long way to go before they hit record highs. The token hit a local low of about $ 28 just a few days ago and has seen a resurgence of interest ever since.
Why does ICP work?
Like other new cryptocurrencies, Internet computers show higher volatility than more established digital assets such as Bitcoin and Ethereum. Generally speaking, crypto assets are more stable the longer they are traded, so large price fluctuations from ICP are expected.
In addition to this, Internet computers have been hit hard during recent revisions in the cryptocurrency market. ICP fell by more than 90% from its peak, while many other altcoins fell by 50%.
This is due to two main factors. Coinbase lists hype and seed and pre-sale investors with short vesting periods. Listing on Coinbase gives so many new investors access to cryptocurrencies, so it’s not uncommon for cryptos to liven up the day they are listed on the platform. In addition to this, early accredited investors who bought ICP for less than $ 2 per coin (including Andreessen Horowitz and Polychain Capital) were able to sell their investments. This has created a lot of selling pressure on tokens, but the worst seems to be behind us.
Where to buy an internet computer
Internet Computer (ICP) can be purchased at Binance and Coinbase. Binance is the world’s largest cryptocurrency exchange, and the platform allows investors to trade a variety of altcoins.
Most US investors are listed companies and therefore choose Coinbase for their crypto investment. So you can rest assured that you have the money. Plus, you can sign up today and start earning free ciphers with Coinbase Earn.
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Internet computer (ICP). See why!