About Internet Computer
Internet Computer (ICP) is a utility token that allows users to participate in and govern the Internet Computer blockchain network. The network aims to help developers create websites, enterprise IT systems, internet services, and DeFi applications by "installing their code directly on the public Internet." ICP can also be staked or "converted into cycles" that can be used to power computation for dApps and traditional applications.
Buy Internet Computer
Trading Insights
Buyer Ratio
Traders
787
-7.3%
Buyers
490
-7.02%
Sellers
320
-5.04%
Searched
937
Market Stats
Market Cap
£1.88B
FDV
£1.88B
Circ. Supply
538M ICP
Max Supply
Not enough data
Total Supply
538M ICP
Performance
Popularity
#46
Dominance
0.07%
Volume (24H)
£42.87M
14.29%
Volume (7D)
£409.90M
Volume (30D)
£1.15B
All time high
£467.69
Price Change (1Y)
-42.86%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
The price of Internet Computer has decreased by 0.46% in the last hour and decreased by 0.55% in the past 24 hours. Internet Computer’s price has also fallen by 4.04% in the past week. The current price is £3.50 per ICP with a 24-hour trading volume of £42.87M. Currently, Internet Computer is valued at 99.25% below its all time high of £467.69. This all-time high was the highest price paid for Internet Computer since its launch.
The current circulating supply of Internet Computer is 538,095,694.534 ICP which means that Internet Computer has as total market cap of £1,883,570,203.54.
Market details
ICP vs markets
↘ 69.12%
ICP vs BTC
↘ 68.51%
ICP vs ETH
↘ 66.94%
Tags
platform
ai-big-data
smart-contracts
layer-1
+3
Network & Addresses
Network | Address | |
|---|---|---|
Internet Computer Protocol | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £3.50 | ↘ 0.55% |
1 Day | £3.52 | ↘ 0.55% |
1 Week | £3.62 | ↘ 4.04% |
1 Month | £3.79 | ↘ 7.46% |
1 Year | £6.19 | ↘ 42.86% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Internet Computer (ICP) is a set of protocols that allow independent data centers around the world to band together and offer a decentralized alternative to the current centralized internet cloud providers. The ICP token is used for governance (holders can vote on the future of the network), to reward network participants for good behavior, and to pay fees for making transactions.
Like a lot of projects in the cryptocurrency space, the Internet Computer Protocol is much more than a form of digital currency. In fact, the ICP token is just one part of a much bigger idea. ICP’s basic idea is to create a new kind of decentralized internet and global computing system — where independent data centers all over the world could join together to create an alternative to the cloud services (from companies like Amazon Web Services and Google Cloud) that power most of the current internet. ICP’s plan is to have the protocol running on millions of computers around the world.
ICP developers say the resulting network has some key advantages over the centralized alternatives. For one, it operates via open standards and avoids the conflicts of interest that can arise when a major cloud-computing provider hosts products that compete with its own services.
Originally called DFINITY, ICP’s global and distributed network of data centers can run all of the applications that are accessible via traditional Internet standards such as DNS (the domain name system you use via web browsers and smartphones).
The Internet today is highly centralized. Popular applications on the web are often closed-source, proprietary, and are hosted on a handful of data centers owned by big tech firms. And if one critical data center fails, huge swathes of the web can also shut down with it. Another major concern (particularly for privacy advocates) is that centralized, corporate web-services providers have the ability to censor or deplatform applications.
The Internet Computer attempts to offer a fundamental alternative so that developers can build, host, and serve applications in a more decentralized way — allowing websites to be deployed directly onto the public internet. Further, the Internet Computer would incentivize open source and transparent software development.
As explained in the MIT Technology Review’s profile of the Internet Computer: “Instead of running on a dedicated server in Google Cloud, for example, the software would have no fixed physical address, moving between servers owned by independent data centers around the world.”
One way you can think of ICP is as a way of converting crypto into processing power — the network will establish a fee based on the amount of computing power required by a developer’s project. As long as the fee is paid, the website will run on the public internet.
In theory, any kind of application can be created and run on the Internet Computer — from social networks similar to LinkedIn and TikTok, to software similar to all the familiar applications you know today, to new kinds of applications not yet conceived.
The Internet Computer is built by the DFINITY Foundation and was started by a developer named Dominic Williams in 2016. The DFINITY Foundation is a nonprofit organization devoted to researching and developing the Internet Computer — after years of research, it officially launched in May 2021. Researchers all over the world contribute to the foundations’ work — including cryptographers that hold around 100,000 academic citations and 200 patents.
The ICP token can be purchased and traded via exchanges like Coinbase.
Released: May 2021
We update our Internet Computer to GBP currency in real-time. Get the live price of Internet Computer on Coinbase.
The current market cap of Internet Computer is £1.88B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Internet Computer is £467.69. This all-time high is highest price paid for Internet Computer since it was launched.
Over the last 24 hours, the trading volume of Internet Computer is £42.87M.
Assets that have a similar market cap to Internet Computer include Polygon Ecosystem Token, MemeCore, Arbitrum, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Internet Computer is 538 million.
Internet Computer ranks 37 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 99% of Coinbase users are buying Internet Computer. In other words, 99% of Coinbase customers have increased their net position in Internet Computer over the past 24 hours through trading.
Yes, Internet Computer is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Internet Computer guide.
Internet Computer news
Trending articles
Social stats
Popularity in posts
#41
Contributors
376
Posts
921
% About Internet Computer
0.376%
Articles
3
Hold times
0 days
X (Twitter)
59.47% bullish
Sentiment
4.0 ★
Highlights
376 unique individuals are talking about Internet Computer and it is ranked #41 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Internet Computer has an average sentiment score of 79 out of 5. Finally, Internet Computer is becoming less newsworthy, with 3 news articles published about Internet Computer.
On Twitter, people are mostly bullish about Internet Computer. There were 72.45% of tweets with bullish sentiment compared to 21.84% of tweets with a bearish sentiment about Internet Computer. 27.55% of tweets were neutral about Internet Computer. These sentiments are based on 699 tweets.
On Reddit, Internet Computer was mentioned in 25 Reddit posts and there were 31 comments about Internet Computer. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.