What is ICP coin? Introduction to ICP coin issuance and online platform

ICP Coin is a cryptocurrency that fuels the DFINITY blockchain network, designed to create a decentralized internet. It is censorship-resistant, high-performance, and scalable, and is already listed on major exchanges such as Binance and Coinbase.

ICP Coin Introduction

ICP (Internet Computer Protocol) coin is a cryptocurrency developed by the DFINITY Foundation. It powers the DFINITY blockchain network, which aims to create a decentralized internet that allows developers to build secure, scalable, and censorship-resistant applications.

Issue

The maximum issuance of ICP coins is 469,213,710. Some of these tokens have been released through public token sales and community contributions.

Online platform

ICP coin has been listed on multiple cryptocurrency exchanges, including:

• Binance
• Coinbase
• Huobi
• FTX
• OKEx

Usage

ICP currency in DFINITY The blockchain network has the following uses:

• Pay transaction fees
• Governance network
• Incentivize network participants (such as stakers and node operators)

By using ICP coins, users can access the DFINITY blockchain Decentralized computing power and storage services. Developers can use the network to build a variety of applications, including Web3 apps, social media platforms, and financial services.

Features

Some of the key features of ICP coins include:

• Censorship Resistant: DFINITY blockchain uses a unique consensus mechanism that makes the network resilient to censorship and attacks.
• High Performance: The DFINITY blockchain can handle millions of transactions per second, making it an ideal platform for high-performance applications.
• Scalability: The DFINITY blockchain is designed to scale infinitely to meet growing demand.

With the continuous development of the DFINITY blockchain ecosystem, ICP Coin is expected to become one of the leading cryptocurrencies in the decentralized Internet field.

Internet Computer (ICP) Price Analysis

The price of Internet Computer (ICP) is $8.94 as of 30 Jul 2024, with 24-hour trading volume of $79.74 Million. The price fell by 7.49% in the last 24 hours.

Price Moving Factors

The recent decline in ICP price may be due to the following factors:

• Overall negative market sentiment towards cryptocurrencies
• Profit-taking by some investors
• Concerns over regulatory uncertainty

Future Trend Analysis

ICP’s price trend may continue to fluctuate in the short term. Investors should closely monitor market sentiment and regulatory developments. If market sentiment improves, ICP's price could rebound. However, if regulatory concerns intensify, prices could continue to fall.

Investor Advice

Investors should conduct their own research and understand the risks before investing in ICP. Invest prudently and only invest what they are willing to lose.

Short-Term Forecast

ICP’s short-term trend is expected to fluctuate within a price range of $7 to $10.

Indicator Summary

• Price: $8.94
• 24-hour volume: $79.74 million
• Price change: -7.49%
• Float: 467 million ICP
• Market cap: $4.177 billion

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