As I said in previous signal about icp and those who took all are in profit 🚀🔥🔥
Regarding Internet Computer:
The current price of Internet Computer stands at $15.39, reflecting a 14.36% change in the last 24 hours as of 1:07 p.m. This recent price movement has resulted in a market capitalization of $6,991,678,603.48. Year-to-date, Internet Computer has experienced a 16.09% change and falls under CoinDesks Digital Asset Classification Standard (DACS) as a Smart Contract Platform.
ICP, the native cryptocurrency of Internet Computer, operates within a blockchain-based platform known for providing faster and more scalable smart contracts. This platform adopts a unique approach to leverage blockchain for constructing internet applications, enhancing user control over their data.
ICP Token Details:
Internet Computer comprises two types of tokens:
1. ICP - The native asset and governance token allowing owners to participate in voting on critical protocol decisions impacting the entire ecosystem.
2. Cycles - Generated by "burning" ICP, these are utilized to cover computational resources on Internet Computer.
In contrast to certain other cryptocurrencies like bitcoin, ICP tokens do not have a supply cap. Thirty-eight percent of the initial supply was allocated to investors, with the remaining 62% going to founders and the team.
ICP Price History:
Upon its launch in May 2021 after five years of development, ICP reached an all-time high of $460.84. However, it experienced a sharp decline of 95%, reaching $34 in June and further dropping to $28.01 in July 2021. The Dfinity Foundation, the nonprofit organization behind Internet Computer, attributed this drop to the token entering the market during a crypto-wide bull run.
Throughout the remainder of 2021, ICP's price stabilized, peaking at $84.75 in August. Since then, it has traded within the range of $20 to $60 (as of January 2022).
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