Here are some key points about Internet Computer (ICP) coin ¹ ² ³ ⁴:
*Price*
- $12.25 per ICP
- Decreased by 0.62% in the last hour
- Decreased by 0.61% in the past 24 hours
- Decreased by 5.98% in the past week
*Market Cap*
- $5,679,709,157 USD
- Currently, Internet Computer is valued at 98.05% below its all time high of $630.00
*Trading Volume*
- $56,295,106 USD in the last 24 hours
*Supply*
- Circulating supply of 464,299,346.204 ICP
*Functionality*
- The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography
- Provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services
- As such it can enable full end-to-end decentralization
*ICP Token*
- The ICP token has three main utilities
- Provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure)
- Can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, creating voting neurons that generate voting rewards
- Plays the role of a store of value, for example allowing users to invest in decentralization sales run by web3 services
