One night was enough for the Internet Computer (ICP) token to go from a little-known project to one of the leading cryptocurrencies.
On its own website, Internet Computer is described as a decentralized cloud computing service, offering the creation of an open and accessible network for everyone. The ultimate goal is ambitious – to create the first truly global blockchain network with unlimited scalability. If successful, the Internet will change dramatically – centralized DNS, firewalls, databases, VPNs will be a thing of the past.
The developers plan to base the calculations of the new Internet on their own ICP token.
Attention is attracted not only by the promise of the technology, but also by the participation of major investors – in particular, Andreessen Horowitz, who supported the social platform Twitter at an early stage.
The ICP token was launched on Friday. And already on Monday, Coinbase and other leading platforms began trading the new cryptocurrency. On May 10, the asset headed towards $ 750, later correcting. Now ICP is steadily trading in the range of $ 330-340, occupying the 8th place in the ranking of the largest cryptocurrencies with a capitalization of $ 41 billion.