Internet Computer has certainly been one of the breakthrough coins this year. To find out ICP price prediction and other information about this coin, look no further than this article!
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Internet Computer Fundamental Analysis
ICP is a utility token native to Internet Computer – the network for building and running distributed software at revolutionary speed and scale. The project’s team is calling it the third most important invention in crypto space after Bitcoin and Ethereum. Their goal is to develop a more democratic, decentralized alternative to the services currently provided by the Big Tech monopolists like Amazon and Google.
Internet Computer is based on the worldwide network of nodes located in data centers, and provides a platform for distributed computing. The software on this platform is hosted in so-called canisters, which are essentially improved, scalable, tamper-proof smart contracts, open for anyone to develop and deploy. The services built on Internet Computer are as fast, easy and free to use for the end user as the traditional web services. People wanting to participate in running the network or its governance more actively can use the ICP tokens to do it.
Internet Computer Live Price Chart
ICP started strong, hitting $750 at its launch on May 10, 2021, on Coinbase Pro. It’s been mostly in decline since then, despite rallying briefly on May 13 and later on May 20. At June 10, it hovers around $69. Still, even at this price its market cap is more than $8.5B, which puts it quite high in the rankings. Long-term price predictions for ICP also remain positive, estimating ICP to close 2021 at least doubled in price, with the potential to grow further: it looks like a lot of people are betting on the future success of the underlying technology, which will undoubtedly positively impact this token’s price.