March 28, 2024

Internet Computer (ICP) cryptocurrency added to major exchanges

Internet Computer (ICP) cryptocurrency added to major exchanges

  • After 5 years of development, the Internet Computer project was launched.
  • Immediately after listing on leading exchanges, ICP entered the top 10by capitalization.
  • The Internet Computer's success may be in doubt.

Immediately after launching the Internet Computer projecta number of leading crypto exchanges including Binance, Huobi and Coinbase have added a new cryptocurrency under the ticker ICP. It quickly reached a price of around $ 700 and then dropped to around $ 300– $ 350. Right now, ICP is ranked eighth in terms of capitalization:

Internet Computer (ICP) cryptocurrency added to major exchanges

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Internet Computer (ICP)was developed and introduced by the Swissstartup Dfinity Foundation. The developers position their project as the basis of a decentralized Internet. Internet Computer has received a lot of attention in the crypto community and has previously attracted more than $160 million in funding from venture capital investors such as Andreessen Horowitz and Polychain Capital.

“Internet Computer is the first blockchain in the world that operates at Internet speeds and has an unlimited resource. It provides a decentralized, secure and scalable blockchain network. ", say the developers.

Founder and Lead Scientist, DfinityDominic Williams noted that his project will allow people to get rid of the monopolization of the Internet by large technology companies. Internet Computer aims to be the first computing platform for creating software.

On the Internet Computer network you can create websites, IT systems, decentralized applications, NFTs and much more.

The development of Internet Computer took place over 5 years. On May 7, the genesis block (the first block in the network) was mined.

The extraction of the genesis block markedunlocking ICP coins and their distribution among token sale and airdrop participants, which took place in February 2017 and summer 2018. The latter will receive their cryptocurrency over the next 12 months. Next, the developers will decide how to distribute the coins among representatives of the non-profit organizations Internet Computer Association and DFINITY Foundation.

As for the prospects of Internet Computer, experts have some questions:

  • Firstly, the project estimate may be overestimated.The fact is that at the moment there is a small part of ICP in circulation. According to Messari, only 26% of the total ICP supply is currently in circulation.
  • Second, the development of the Internet Computer took too long. Over the past 5 years, several projects have appeared on the market in addition to Ethereum, offering similar functionality, for example, Polkadot, Solana and Flow.

"It doesn't look like they're offering something new.",” said David Neige, head of the crypto investment company Arca Funds.

The success of Internet Computer will largely depend onon how the functional benefits of the project will be used by developers and users. Now many are not passionate about fundamentally strong projects, but about the hype around Dogecoin, Shiba Inu and similar fleeting fads.

Where is it more profitable to buy Internet Computer (ICP) tokens? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features &#8212; futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Internet Computer (ICP) cryptocurrency added to major exchanges

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