Internet Computer (ICP) Trading 16.2% Lower This Week

Internet Computer (ICP) traded 7.9% lower against the US dollar during the 1-day period ending at 8:00 AM E.T. on August 3rd. One Internet Computer coin can currently be purchased for $8.22 or 0.00013284 BTC on popular cryptocurrency exchanges. Internet Computer has a total market capitalization of $3.84 billion and $94.10 million worth of Internet Computer was traded on exchanges in the last day. Over the last seven days, Internet Computer has traded down 16.2% against the US dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 4.4% lower against the dollar and now trades at $23.91 or 0.00038625 BTC.
• NEAR Protocol (NEAR) traded 5.1% lower against the dollar and now trades at $4.61 or 0.00007444 BTC.
• Cronos (CRO) traded down 0.8% against the dollar and now trades at $0.0845 or 0.00000136 BTC.
• Hedera (HBAR) traded 4.3% lower against the dollar and now trades at $0.0591 or 0.00000095 BTC.
• Cosmos (ATOM) traded 3.9% lower against the dollar and now trades at $5.36 or 0.00008664 BTC.
• Fetch.ai (FET) traded 5% lower against the dollar and now trades at $1.07 or 0.00001729 BTC.
• Algorand (ALGO) traded down 5% against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Akash Network (AKT) traded 9.5% lower against the dollar and now trades at $2.54 or 0.00004094 BTC.
• Theta Fuel (TFUEL) traded down 5.7% against the dollar and now trades at $0.0595 or 0.00000096 BTC.
• Kava (KAVA) traded 4.4% lower against the dollar and now trades at $0.35 or 0.00000573 BTC.

Internet Computer Profile

ICP uses the hashing algorithm. Its genesis date was May 10th, 2021. Internet Computer’s total supply is 521,399,224 coins and its circulating supply is 467,209,945 coins. Internet Computer’s official website is internetcomputer.org. The Reddit community for Internet Computer is https://reddit.com/r/dfinity and the currency’s Github account can be viewed here. Internet Computer’s official Twitter account is @dfinity and its Facebook page is accessible here. Internet Computer’s official message board is forum.dfinity.org.

According to CryptoCompare, “Internet Computer (ICP) represents a significant advancement in the field of blockchain technology, aiming to decentralise the internet by enabling a scalable, secure, and efficient platform for running applications and services directly on the blockchain. It was developed by the DFINITY Foundation, under the leadership of Dominic Williams, to challenge the current internet infrastructure and offer an alternative that reduces reliance on centralised cloud services.”

Buying and Selling Internet Computer

It is usually not currently possible to buy alternative cryptocurrencies such as Internet Computer directly using U.S. dollars. Investors seeking to acquire Internet Computer should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Internet Computer using one of the exchanges listed above.

ICP/USD price chart by TradingView