Internet Computer One Day Volume Hits $43.76 Million (ICP)

03 Nov 2024, 02:54 by Danessa Lincoln · The Markets Daily

Internet Computer (ICP) traded 6.5% lower against the U.S. dollar during the 1-day period ending at 22:00 PM Eastern on November 2nd. Internet Computer has a market capitalization of $3.51 billion and approximately $43.76 million worth of Internet Computer was traded on exchanges in the last day. During the last seven days, Internet Computer has traded down 3.3% against the U.S. dollar. One Internet Computer coin can currently be purchased for approximately $7.42 or 0.00010888 BTC on major exchanges.

Here’s how related cryptocurrencies have performed during the last day:

Avalanche (AVAX) traded down 4.7% against the dollar and now trades at $23.82 or 0.00034957 BTC.
NEAR Protocol (NEAR) traded 4.9% lower against the dollar and now trades at $3.78 or 0.00005552 BTC.
Fetch.ai (FET) traded 5.2% lower against the dollar and now trades at $1.18 or 0.00001727 BTC.
Cronos (CRO) traded 2.3% lower against the dollar and now trades at $0.0720 or 0.00000106 BTC.
Hedera (HBAR) traded down 3.9% against the dollar and now trades at $0.0442 or 0.00000065 BTC.
Cosmos (ATOM) traded down 3.7% against the dollar and now trades at $4.06 or 0.00005956 BTC.
Algorand (ALGO) traded down 3.4% against the dollar and now trades at $0.11 or 0.00000165 BTC.
Akash Network (AKT) traded 5% lower against the dollar and now trades at $2.26 or 0.00003265 BTC.
Theta Fuel (TFUEL) traded down 2.5% against the dollar and now trades at $0.0506 or 0.00000074 BTC.
Kava (KAVA) traded 4.5% lower against the dollar and now trades at $0.31 or 0.00000460 BTC.

About Internet Computer

Internet Computer uses the hashing algorithm. Its genesis date was May 10th, 2021. Internet Computer’s total supply is 524,981,839 coins and its circulating supply is 473,334,570 coins. 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 message board is forum.dfinity.org. Internet Computer’s official Twitter account is @dfinity and its Facebook page is accessible here. The official website for Internet Computer is internetcomputer.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 purchase alternative cryptocurrencies such as Internet Computer directly using US dollars. Investors seeking to trade Internet Computer should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Internet Computer using one of the aforementioned exchanges.