Internet Computer Price
(ICP)
USD($)
Internet Computer (ICP) Live Price Chart
Overview
About
Analysis
FAQ
Internet Computer Live Price Data
The live price of Internet Computer is $11.34, with a total trading volume of $ 6.93M in the last 24 hours. The price of Internet Computer changed by +6.18% in the past day, and its USD value has decreased by -6.16% over the last week. With a circulating supply of 478,102,723 ICP, the market cap of Internet Computer is currently 5.4B USD, marking a --% increase today. Internet Computer currently ranks #23 in market cap.
How do you feel about Internet Computer today?
Note: This data is for reference only.
Internet Computer(ICP) Profile
Rank23
--Expand 
Website
Documentation
Explorer
Contract
- ICP ryjl3-ty...cai
Audited By
- https://github.com/trailofbits/publications/blob/master/reviews/DFINITYConsensus.pdf
Code & Community
Investors
- a16z (Andreessen Horowitz)
- Multicoin Capital
- Polychain Capital
- CoinFund
- IOSG Ventures
- KR1
- Eterna Capital
- Scalar Capital
$10.45
$11.38
- ATH
- $750.05
- Price Change (1h)
- +0.19%
- Price Change (24h)
- +6.18%
- Price Change (7d)
- -6.16%
- Market Cap
- $5.4B
- 24h Volume
- $6.93M
- Circulating Supply
- 478,102,723
- Max Supply
- 469,213,710
About ICP
How can I buy Internet Computer (ICP)?
Buying ICP on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Internet Computer (ICP) for more information. What Is Internet Computer (ICP) Crypto?
The Internet Computer stands out as one of the world's most efficient and scalable blockchain ecosystems, particularly notable for its robust support for smart contracts. This innovative platform is a high-speed, reliable foundation for developing diverse web3 dApps, spanning categories like DeFi, NFTs, metaverse, gaming, infrastructure, and more.
At the heart of this ecosystem lies the ICP token, the native digital currency of the Internet Computer Protocol (IC). This token holds a dual role - functioning as the utility token for computation payment and governance token. Its distribution is structured as a reward system for nodes actively participating in the network’s consensus mechanism.
Initiated by the DFINITY Foundation, the Internet Computer project is an open-source blockchain endeavor to bring blockchain technology into practical, commercial, and large-scale use. This ambitious vision revolves around creating a decentralized, secure, and scalable platform that hosts dApps, content, and computation to cater to billions of users worldwide.
The Internet Computer's developers proudly proclaim it the world’s first blockchain network operating at web speeds, enabling real-world applications. Its remarkable technology enables limitless scalability without compromising the integrity or efficiency of the system.
How Does Internet Computer Protocol Work?
The governance of the Internet Computer blockchain is entrusted to the Network Nervous System (NNS), a decentralized brain that orchestrates the evolution of the entire ecosystem. Within this framework, the IC community actively engages by submitting proposals to the NNS, which are subsequently subject to voting. A notable facet of this process is the essential role played by individuals who stake ICP tokens, rendering them eligible participants in the democratic governance of the Internet Computer via the NNS.
The backbone of this decentralized infrastructure is comprised of smart contracts known as Canisters. These Canister smart contracts inherit the hallmark features of the underlying blockchain technology - immutability, autonomy, and decentralization. This synergy empowers dApps that utilize these Canisters, creating an environment where security, innovation, and seamless interaction converge.
The DFINITY Foundation, creators of the Internet Computer, have extended their support to decentralized identities (DIDs), aptly named Internet Identity. This pivotal feature empowers users to establish identity anchors and anonymous blockchain authentication mechanisms. These anchors fortify the security of sensitive information, allowing users to engage with dApps while preserving their privacy across the entirety of the ecosystem.
The Internet Computer is a platform for dApps and supports broader technological initiatives. Internet Identity, the solution for decentralized identities, exemplifies this commitment to advancing the capabilities of blockchain technology.
The Network Nervous System is the cornerstone, ensuring the Internet Computer network’s open, decentralized, and secure governance. This encompassing system exercises control over various aspects, from protocol upgrades and subnet creation to economic parameters and even protective measures against malicious canister smart contract software. The NNS thrives on proposals submitted by participants and subsequently adopted or rejected based on the voting activity of the neurons they've created.
Neuron holders engage in a strategic cryptoeconomic game, where their votes influence the adoption or rejection of proposals, focusing on driving long-term value for the Internet Computer network. This inclusive approach marks a significant milestone in the evolution of decentralized infrastructure, where the aim is to rival proprietary centralized infrastructures operated by commercial entities.
History of Internet Computer Protocol and ICP Coin
The Internet Computer Protocol (ICP) was born from the DFINITY Foundation's vision to decentralize the internet, led by Dominic Williams, since its establishment in October 2016. The foundation's mission attracted substantial investments, totaling $121 million from renowned backers like Andreessen Horowitz, Polychain Capital, and others. A significant milestone was reached in 2018 when the foundation initiated an ICP token airdrop and launched the Internet Computer's alpha mainnet, granting third-party developers access to its distributed tech stack by June 2020.
The Internet Computer blockchain, a DFINITY Foundation project, officially launched on May 10, 2021. Concurrently, ICP assumed a dual role as a utility and governance token, marking a significant project milestone. The project's trajectory has been shaped by several key developments, including deploying the Motoko Smart Contract Programming Language and Chain Key Cryptography, which have enhanced the creation of dApps.
The Network Nervous System (NNS) revolutionized the governance mechanism, allowing anyone worldwide to submit proposals and fostering a democratic approach to network evolution. Introducing a robust consensus mechanism has also been crucial, ensuring the Internet Computer's seamless operation, scalability, and integrity.
Finally, the deployment of the Internet Identity Decentralized Identity (DID) Solution and the noninteractive distributed key generation rollout have significantly improved the security and efficiency of the Internet Computer network. These features have fortified user security and privacy across the ecosystem, allowing users to establish identity anchors and interact securely with dApps.
Internet Computer (ICP) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.637 | 5.96% |
| 7 Days | $-0.747 | -6.18% |
| 30 Days | $-0.031 | -0.27% |
| 3 Months | $3.23 | 39.84% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Internet Computer Conversion Rate
FAQ
How much is 1 Internet Computer (ICP) worth?
KuCoin provides real-time USD price updates for Internet Computer (ICP). Internet Computer price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time ICP to USD exchange rates. Is Internet Computer (ICP) a Good Investment?
The Internet Computer token (ICP) has garnered significant attention in the cryptocurrency market, and there are compelling reasons to consider it as a potential investment opportunity, such as:
Rising Adoption of the ICP Ecosystem
One of the key factors underpinning the potential of ICP as an investment is the increasing adoption of its ecosystem by both dApp developers and users. This growing interest and participation contribute to the overall robustness and vitality of the Internet Computer network.
The Impact of the Web3 Revolution
The imminent web3 revolution holds great promise for the Internet Computer ecosystem. With its position as one of the industry's fastest general-purpose blockchains, the IC blockchain stands poised to become a leading platform for web 3.0 applications. This potential role as a cornerstone of the web3 movement could drive substantial growth in the Internet Computer price.
Growing On-chain Activity on ICP Blockchain
The proliferation of dApps on the Internet Computer blockchain, coupled with their increasing popularity among users, can significantly boost on-chain activity within the network. This heightened activity can contribute to an uptrend in the ICP price, reflecting the ecosystem's expanding utility and value.
Historical Performance and ICP ATH
Considering the historical performance of ICP and its ATH can provide valuable insights into its potential as an investment. Review ICP's price chart and track its trajectory over time to gauge its growth potential.
Diverse Use Cases
The Internet Computer ecosystem supports various use cases, from hosting dApps and smart contracts to providing DIDs. This versatility can attract a broad user base, potentially increasing demand for ICP tokens.
What Is Internet Computer Price Prediction?
Offering a reliable ICP price prediction over any timeframe is challenging due to the volatility in the crypto market. However, monitoring the following factors could help you understand the price changes in the Internet Computer cryptocurrency:
Level of Competition for ICP
Competition from other blockchain projects and cryptocurrencies can influence the ICP price. Investors may allocate funds to projects they perceive as having more potential or better technology, impacting the ICP crypto price.
ICP Market Cap
The overall market capitalization of ICP relative to other cryptocurrencies can influence the ICP coin price. A higher market cap may attract more investors and lead to price appreciation.
Adoption of Internet Computer Technology
Developers’ and users’ adoption of the Internet Computer ecosystem can drive demand for ICP tokens. As more dApps and services are built on the network, the utility of ICP tokens may increase, positively impacting the Internet Computer crypto price.
Future Developments in the ICP Roadmap
Technological advancements and developments within the Internet Computer ecosystem can affect the ICP token price. Upgrades, improvements, and the introduction of new features can attract attention and investment, supporting the Internet Computer price.
How to Stake ICP on Internet Computer
Staking ICP (Internet Computer) tokens on the Internet Computer network's Network Nervous System (NNS) is a strategic move if you want to participate actively in Internet Computer’s governance. Here’s how to stake ICP on Internet Computer Protocol:
1. To begin, you'll need to create an account on the Internet Identity dApp, the official DID (Decentralized Identifier) application of the Internet Computer network. This establishes your digital identity within the ecosystem.
2. Locate the Network Nervous System (NNS) dApp and establish a secure connection through your Internet Identity account. This connection will enable you to interact with the NNS and stake your ICP tokens.
3. Buy ICP on KuCoin and transfer your tokens to your wallet to fund it.
4. Access the Neurons tab within the NNS dApp and select the "Stake Neuron" option. Here, you'll be prompted to input the quantity of ICP tokens you wish to stake and choose the duration for which you'd like to stake them.
5. Once you've successfully staked your ICP tokens via the NNS, you can actively participate in the governance of the Internet Computer network. You can now view and vote on proposals that shape the network's future direction and development.
6. Your active role in staking ICP tokens via the NNS comes with a rewarding perk. Periodically, you'll receive rewards in the form of additional ICP tokens, allowing you to grow your cryptocurrency portfolio over time.
What Is the Difference Between Internet Computer (IC) and Bitcoin?
When comparing Internet Computer (IC) with Bitcoin, it becomes evident that these two blockchain networks have distinct characteristics and purposes.
Primary Use Cases: BTC vs. ICP
Bitcoin primarily serves as a decentralized digital currency designed to facilitate peer-to-peer transactions securely. In contrast, the Internet Computer Protocol (ICP) stands out by supporting a wide array of dApps thanks to its smart contract functionality. This versatility extends its use cases beyond digital currency, making it a multifaceted blockchain platform.
Consensus Mechanism
Bitcoin operates on a proof-of-work (PoW) consensus mechanism, which, while secure, has limitations in terms of scalability and throughput. This limitation hampers its potential for broader commercial adoption. On the other hand, the Internet Computer network utilizes an advanced version of the proof-of-stake (PoS) consensus called Threshold Relay. This approach enhances scalability and security, positioning it as a high-performance blockchain platform.
Transaction Speed
Due to its PoW mechanism, Bitcoin has a relatively lower transaction throughput, capable of handling around 3-7 transactions per second (TPS). This limitation makes it less suitable for real-world applications with high transaction volumes. In contrast, the Internet Computer boasts an impressive throughput of over 11,000 TPS.
Smart Contract Integration with Bitcoin
An intriguing development in the Internet Computer ecosystem is its ongoing work on a Bitcoin integration. This integration aims to bring smart contract capabilities to Bitcoin, enriching its utility. Users can leverage Bitcoin within smart contracts, enhancing the powers of the largest cryptocurrency by market capitalization and popularity.
What is the all-time high price of Internet Computer (ICP)?
The all-time high price of Internet Computer (ICP) is $750.730. The current price of ICP is down 98.49% from its all-time high.
What is the all-time low price of Internet Computer (ICP)?
The all-time low price of Internet Computer (ICP) is $2.930. The current price of ICP is up 286.33% from its all-time low.
How much Internet Computer (ICP) is there in circulation?
As of 12 25, 2024, there is currently 478,102,723 ICP in circulation. ICP has a maximum supply of 469,213,710.
What is the market cap of Internet Computer (ICP)?
The current market cap of ICP is $5.4B. It is calculated by multiplying the current supply of ICP by its real-time market price of $5.4B.
How do I store Internet Computer (ICP)?
You can securely store your Internet Computer in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your ICP include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Internet Computer (ICP) to cash?
You can instantly exchange your Internet Computer (ICP) for cash using KuCoin's Fast Trade feature. This feature enables you to convert ICP to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.