Internet Computer (ICP) Price Indicates Bullishness in Trend

As per CoinMarketCap (CMC) data, Internet Computer (ICP) is the top metaverse coin by market capitalization. ApeCoin (APE), The Sandbox (SAND), Render Token (RNDR), and Decentraland (MANA) are the other leading metaverse tokens. All these tokens and coins are listed in the top-metaverse tokens as per its usage for metaverse.

The market cap of all the metaverse tokens and coins are nearly $13.91 Billion, noted 1% of gain. Meanwhile, the trading volume is $663.35 Million which is almost 10% down.

The co-founder of Ethereum network, Vitalik Buterin, had called DFINITY Ethereum’s sister blockchain at the EDCON 2023 conference as he believes both blockchains can work together to create a decentralized future. As per his saying, the platform has the potential to revolutionize the way that blockchain technology is used.

Buterin didn’t see the blockchain as the rival for his blockchain, he instead appreciated it. Notably, Internet Computer blockchain was developed by the DFINITY Foundation. DFINITY is a shortened version of “decentralized infinity.” On this blockchain platform, web3 users can create sessions with services, which can submit huge numbers of blockchain transactions.

Internet Computer (ICP) Price Analysis

At press time, the price of Internet Computer (ICP) is trading at $4.85, with a nearly 0.89% of price gain in the last 24-hours. It has a 24-hour trading volume of $11.65 Million, with a current market cap of $2.11 Billion. The 24-hour low by the coin was recorded at $4.77, while the high was at $4.85.

The recent 7-days price performance by the metaverse coin noted a 1.13% of decline in price. Additionally, the 1-month price performance experienced a decline of over 20%, while year-to-date (YTD) price is showing little price gain.

How’s the Crypto Market Doing Now?

As per CMC, the global crypto market cap is $1.15 trillion. It noted a 0.13% increase over yesterday. The price of the most traded cryptocurrency by market cap, Bitcoin (BTC) is trading above the price range of $27,000. Its dominance is currently 45.92%, an increase of 0.04% over the day.

The total crypto market volume over the last 24 hours is $19.79 Billion, which makes a 21.00% decrease. The total volume in DeFi is currently $1.87 Billion, 9.43% of the total crypto market 24-hour volume. The volume of all stable coins is now $18.10 Billion, which is 91.48% of the total crypto market 24-hour volume.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

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