Introduction
ICP (Internet Computer Protocol) is a cryptocurrency associated with the Internet Computer project, developed by the Dfinity Foundation. The main goal of ICP is to create a decentralized platform that aims to transform the internet, allowing applications and services to run directly in the cloud, without relying on traditional servers or existing centralized infrastructure.
Unlike other blockchain platforms such as$ETH or$BTC , which have more limited models, the ICP aims to be a truly decentralized internet, where applications (called "smart contracts") can be executed autonomously, faster and at a lower cost. The project seeks greater scalability, security and accessibility, breaking down the barriers of the traditional internet and providing a more open and transparent future.
ICP is based on a network of globally distributed computing nodes that work together to provide a robust, secure, and efficient infrastructure for running dApps (decentralized applications). The ICP token has several uses within the ecosystem, including network governance, payment for computing resources, and staking to ensure network security.
With the potential to revolutionize the way we use the internet, the ICP aims to not only improve the decentralization of data and services, but also create new opportunities for developers, businesses and users around the world.
General Information
Name and Ticker: Internet Computer (ICP)
Release Date: 10/05/2021
Project History:
2013: Dominic Williams, founder of the Dfinity Foundation, inspired by the growth of Bitcoin, began exploring technical means to build faster blockchains capable of processing more transactions per second.
2014: Williams worked on the "Pebble" project, which sought to adapt traditional distributed computing techniques to the blockchain environment and design a scalable blockchain.
2015: Williams became involved in the early Ethereum community and began promoting his "Threshold Relay" system for producing random numbers in a decentralized manner using BLS cryptography.
2017: Dfinity Foundation hired Ben Lynn, co-creator of BLS cryptography, strengthening its research team.
May 2021: The Internet Computer was launched and became part of the public internet, allowing smart contracts to host web services without the need for traditional IT infrastructure.
Historical Highs and Lows
All-Time High: $700.65 - 05/10/2021
All-Time Low: $2.87 - 09/22/2023
Current Range: Down approximately 98% since its ATH (all-time high).
Technical Details
Blockchain: Internet Computer
Total Supply: 528,421,127 (currently no limit on issuance)
Distribution:
Team and Founders: 24%
Participantes do Seed Round: 9,5%
Strategic Participants: 3.8%
Community and Ecosystem: 4.8%
Governance Rewards: Remainder distributed dynamically.
Usage and Applications
Use Cases:
Hosting decentralized applications (dApps)
Financial Services (DeFi)
Decentralized social networks
Websites and web services
Data infrastructure
Decentralized governance and decisions
Digital identity
Blockchain Games
NFTs and digital marketplaces
Integration with other blockchain networks
Partnerships:
Alchemy Pay
Copper
Taurus
United Nations Development Programme (UNDP)
News and Updates
Recent Events: In November 2024, Bitfinity Network launched a layer 2 (L2) for Bitcoin with $12 million in funding, aiming to improve interoperability and scalability between Bitcoin and the Internet Computer.
Conclusion
The$ICP It seems to me to be a promising currency, despite its considerable devaluation since its launch. I believe it still has a lot of room to grow. There is no supply limit, however, they have a system to control crypto inflation. I believe it should be included in your portfolio if you are aiming for the medium and long term, as there are still technical issues to be resolved (which may mean that it has a large discount from its real price, but this is not a rule).
It is not possible to measure a certain value for the future of crypto, due to several factors. However, for those who want to adopt it in the medium term, some considerations:
The coin is currently trading at around $12.00, which is a good price if it continues its upward trend. My target would be $32.88. However, I note that given the current market scenario, it could reach $48.65. There could be resistance in the $21.18 - $23.95 region, so be prepared.
Also, as a "bonus", I did three simulations to "know" how long it would take to reach my target. I estimate that, in the scenario:
Pessimistic: Take about 9 months
Realistic: Take about 4.5 months
Optimistic: Take about3 months
Of course, I didn't consider the possibility of a whale coming in or going out, nor the possibility of positive or negative news emerging, let alone a change in the project.
I'm not a psychic, unfortunately.
ATTENTION: THIS IS NOT AN INVESTMENT RECOMMENDATION. DO YOUR STUDY AND UNDERSTAND WHAT YOU ARE GETTING INTO.
Extra Section
Sources:
https://wiki.internetcomputer.org/wiki/History
https://coinmarketcap.com/currencies/internet-computer
https://www.coingecko.com/pt/moedas/internet-computer