What is Internet Computer crypto?
An internet computer crypto, or Web3 crypto, is a type of cryptocurrency that operates on the decentralized web or “Web3”. These digital assets are built on top of a new kind of internet infrastructure known as the “Internet Computer,” which is being developed by the blockchain protocol DFINITY.
The Internet Computer enables the creation of decentralized and trustless applications, also known as dApps, that run on a public network of nodes rather than on a single, centralized server. dApps built on the Internet Computer have the potential to scale infinitely and to enable new forms of decentralized collaboration, while web3 crypto it’s helping the enablement of the new web3 economy.
Furthermore, web3 cryptos have the potential to enable new economic models. Including micro-transactions, promoting a new way to participate in the web3 economy, and providing an alternative to traditional centralized systems.
Who created the Internet Computer coin?
The Internet Computer Coin (ICP) was created by Dominic Williams, a British computer scientist, entrepreneur, and researcher. He founded the Dfinity Foundation in 2016 to develop an open, decentralized internet infrastructure using blockchain technology.
ICP vs Ethereum
ICP is the native token of the Internet Computer, a decentralized internet infrastructure developed by DFINITY. Ethereum is a decentralized platform for building and running smart contracts. It also has its native token called Ether (ETH). Both aim to enable decentralized applications, but ICP is focused on providing a scalable infrastructure, while Ethereum aims to provide a platform for building decentralized apps.
Where to buy an Internet Computer coin?
Internet Computer coins can be bought on a variety of cryptocurrency exchanges, such as Binance, Huobi Global, Bitmax, and Gate.io. It’s essential to research and compare different exchanges to find the one that best suits your needs and ensure it’s a legitimate and secure exchange before starting to trade. Additionally, it’s important to note that crypto assets are highly volatile, and their value can change rapidly.
How to buy an Internet Computer coin
Step 1: Create an account on a cryptocurrency exchange that supports ICP
To buy ICP, you first need to create an account on a cryptocurrency exchange that supports trading of the coin. Some popular exchanges that list ICP are Binance, Huobi Global, Bitmax, and Gate.io. You’ll need to provide personal information and go through a KYC (Know Your Customer) process to create an account. It’s vital to choose an exchange that is legitimate, well-established, and has a good reputation.
Step 2: Add a Payment Method
Once your account is created, you’ll need to add a payment method, such as a bank account or credit card, to deposit funds into your account. Be sure to check the fees for depositing funds as well as the processing times, as this can vary from exchange to exchange.
Step 3: Buy ICP
Once your account is funded, you can buy ICP by navigating to the trading page and placing an order. Orders can be placed using the exchange’s user interface, specifying the amount of ICP you want to buy and at what price. It’s noteworthy to pay attention to the real-time price of ICP and the market conditions.
Step 4: Store ICP
Store your ICP in a Safe Place, it’s critical to withdraw it and store it in a safe place, like a hardware wallet. Keeping your ICP in an exchange exposes you to the risk of the exchange getting hacked or shutting down, so it’s generally safer to hold your ICP in a hardware or software wallet that you control the private key of.
ICP Price Prediction
It is important to note that making price predictions for any cryptocurrency, including Internet Computer (ICP), is highly speculative and uncertain. The value of ICP and other cryptocurrencies can be extremely volatile and can fluctuate widely in a short period.
With that being said, without any definitive information, it’s impossible to say with certainty what the price of ICP will be in the coming years. Additionally, predictions are best left to experts with a history of accurate predictions and also depend on how successful the Internet Computer network becomes. It’s important to note that any predictions should be taken with a grain of salt, and it’s crucial to do your research and understand the risks before making any investment decisions.
The price of Internet Computers is anticipated to grow in 2025, with the most splendid selling price perhaps reaching $15.76, thanks to increased acceptance and collaborations with other key blockchain networks. They will be pretty stylish if we keep the pricing ranges as-is. In 2025, costs should range from an average of $13.72 to $15.76 if all goes as planned.
The current price range of Internet Computers, which is probably attractive to many traders, could perhaps reach $34.50 by 2027 with sizeable financial institution involvement if the following circumstances are met. With an average price of $29.25 in 2027, it is possible to overcome the current price trend and set new records. When the bitcoin market suffers another uptick before 2027, the price tagline might be revised.
Why is Internet Computing going up?
The actions of regional investors and network developers will raise the value of Internet computers. The price estimate for 2030 is, therefore, too optimistic. By 2030, analysts expected ICP to trade at its highest price of $103.83. The Internet Computer, on the other hand, has a good possibility of developing in the future. As a result, the anticipated range for the average price of ICP in 2030 is $86.35 to $88.84, depending on the market. As stated in the same phrase, the ICP’s maximum price for 2030 ranges from $86.35 to $103.83. Here are a few reasons.
- Increased demand for online security: As more sensitive information is shared and stored online, there is a growing need for secure ways to transmit and store data. Cryptography provides the tools to secure communications and protect data from unauthorized access.
- Advancements in cryptography: Cryptography has advanced in recent years with the development of new techniques, such as post-quantum cryptography, which will be resistant to attacks from quantum computers.
- Blockchain technology: The advent of blockchain technology, which is the foundation of cryptocurrencies like Bitcoin, has also led to increased interest in cryptography and its applications. The security and transparency provided by blockchain technology rely heavily on cryptography to secure the data on the network.
- Decentralization: The decentralized nature of many blockchain systems also makes them more resilient to attack and censorship, which is particularly important for financial and other sensitive transactions.
- New use cases: the growing use cases for blockchain technology in different industries, supply chain, logistics, identity verification, and digital assets management have led to more research and development of new cryptographic methods and protocols.
- Public interest: As interest in cryptocurrencies such as Bitcoin and Ethereum has grown, so has an interest in the cryptography that underlies them and the potential for other use cases for blockchain technology.
Is Internet Computer Crypto safe?
The Internet Computer is a new blockchain platform that is built on a new kind of consensus mechanism called “Dfinity consensus,” which is built on the principles of proof-of-stake. This new consensus mechanism is designed to be highly secure, scalable, and decentralized. One of the main goals of the Internet Computer project is to build a high-performance public infrastructure that can rival existing centralized cloud computing services like AWS and Azure.
Additionally, The Internet Computer has been developed by an experienced team of developers and researchers from top institutions such as Stanford, UCL, and MIT, which brings a wealth of experience to the table.
Is Internet Computer a Good Investment?
Cryptocurrency investments, including Internet Computers (ICP), can be highly speculative and risky. The value of ICP and other cryptocurrencies can be extremely volatile and can fluctuate widely in a short period.
The Internet Computer is a relatively new platform that has yet to prove its scalability, security, and real-world use cases. The network is still under development and has yet to be fully deployed. This may be a risk for some investors who want to see a fully-functional product before investing.
However, on the other hand, DFINITY, the team behind the Internet Computer project, is considered by many to be solid and reputable and has a good reputation in the blockchain and crypto space. The Internet Computer has the potential to solve some of the scalability issues that other blockchain platforms are facing. If the network is successful, it could bring significant value to the ICP token.
It’s important to remember that investing in cryptocurrency is highly speculative and comes with a high level of risk, and it is not suitable for everyone. It’s crucial to conduct your research and understand the risks before making any investment decisions. Additionally, it’s necessary to diversify your investment portfolio and never invest more than what you can afford to lose.
Internet Computer Basics
The primary characteristics of Internet Computer are as follows.
|Cryptocurrency Features||Internet Computer (ICP)|
|Publisher or Developers||Dominic Williams|
|Jurisdiction of Incorporation (Registration Number)||Switzerland|
|Published Date (CMC Registration)||2021-03-23|
|Max Supply||No limit|
Investment Suitability of Internet Computer in 2023
The results of the Internet Computer investment suitability evaluation conducted by Coin-Labs are as follows.
|Investment Suitability Rating Items||Scores and Current Status|
|Company Activation Rate||/ 10.0 CAR|
|Communication Rate||/ 10.0 CR|
|Technology Transparency Rate||/ 10.0 TTR|
|Development Participation Rate||/ 10.0 DPR|
|Listing Status on the Top 4 Exchanges in Korea||Listed on 1 Exchanges|
|Listing Status on the World's Top 10 Exchanges||Listed on 7 Exchanges|
|Number of Available Pairs Worldwide||138 Pairs|
|Market Cap of the Cryptocurrency||2,047,606,483,663 KRW (Rank #39)|
Internet Computer Price
The price and recent trading volume of Internet Computer are as follows. (Data of 2023-01-27 17:50:24)
|Price Items||Price and Trading Volume of Internet Computer|
|Internet Computer Price||7,194.550 KRW|
|Price Change 24h||-0.35%|
|Price Change 7d||17.15%|
|Trading Volume 24h||57,459,939,172 KRW|
|Trading Volume Change 24h||1.68%|
You can check the development status and social media information of Internet Computer through the links in the table below.
|🌎 Official Website||https://internetcomputer.org/|
|📖 White Paper||https://internetcomputer.org/whitepaper.pdf|
|🛰️ Source Code (GitHub)||https://github.com/dfinity/ic|
|🎺 Message Board||https://forum.dfinity.org|
Korean Crypto Exchanges where Internet Computer is Listed
Korean crypto exchanges where Internet Computer is listed in 2023 are as follows.
|Top4 Exchanges||Listed Status||Page URL|
World Crypto Exchanges where Internet Computer is Listed
World crypto exchanges where Internet Computer is listed in 2023 are as follows.
|Top10 Exchanges||Listed Status||Page URL|
Frequently Asked Questions
What is the current price of Internet Computer?
Internet Computer price today is 7,194.550 KRW. Furthermore, the price of Internet Computer has fluctuated by -0.35% from 24 hours ago, and by 17.15% from a week ago.
Where is Internet Computer listed?
Currently, it is listed on a total of 1 among the 4 largest exchanges in Korea, and is listed on a total of 7 among the world top 10 exchanges.
What is the market cap of Internet Computer now?
Currently, Internet Computer has a market cap of 2,047,606,483,663 KRW, which is ranking 39 among cryptocurrencies worldwide.
How much is the trade volume of Internet Computer?
Currently, 284,605,228 ICP coins are circulating through 138 market pairs. As a result, in the last 24 hours, 57,459,939,172 KRW of ICP coins were traded in the market.