Is the Internet Computer (ICP) coin a good investment?
People are feverishly investing in cryptocurrency, and they are delighted with the profits they are receiving. As a result, it is presently one of the most popular investment methods among the general public. But, before investing, it is essential to understand the specific cryptocurrency in which you intend to invest. There are just a few tokens that can pique the blockchain community’s curiosity. This article will learn about one such project, the Internet Computer (ICP).
What is an Internet Computer (ICP)? Brief Summary
The ICP was created by a non-profit research organization called DFINITY Foundation in Zurich, Switzerland; it is a decentralized blockchain project. Dominic Williams, an entrepreneur and crypto theorist, launched DFINITY in October 2016.
The Internet Computer is positioned as the third phase in blockchain development by developers. The first step was the creation of Bitcoin, the first cryptocurrency. The second was Ethereum, which pioneered the use of smart contracts. The Internet Computer is meant to symbolize the third phase, “limitless blockchain.”
The network is known amongst the masses for creating a simple environment for enabling intelligent contracts while also allowing them to function at Internet-like speeds. Moreover, ICP provides excellent scalability and cost savings, making it ideal for developing mass media services, decentralized banking systems, and other applications.
One of the Internet Computer’s primary aims is to compete with the vast IT companies. We all know that most hosting services are owned by large companies, like Amazon Web Services and Google. These companies can selectively restrict services and modify the rules of operation and platform settings at any time without prior warning to users or businesses. This is why the developers may use The Internet Computer to build their websites, corporate IT systems, and Internet services by putting their code directly on the public Internet; this would eliminate any need for servers or commercial cloud services.
The idea for ICP was revealed in 2016 and instantly piqued the cryptocurrency community’s curiosity. In 2018, the startup firm Andreessen Horowitz and the cryptocurrency fund Polychain Capital invested a total of $102 million in the project, because of which DFINITY later raised $166.9 million. The Internet Computer network went live on December 18, 2020. This particular ICP token was available to everyone on the cryptocurrency market on May 10, 2021, soon after, the currency was listed on
BuyUCoin in India.
Best time to invest in Internet Computer (ICP)?
The new cryptocurrency to hit the crypto world is the Internet Computer. The coin had a dramatic debut in early May and has gotten a lot of attention since then. In little than a month, Internet Computers soared to become one of the most valuable digital assets, with a market cap of $45 billion.
Despite the fact that thousands of cryptocurrencies compete for investor attention, it is remarkable how rapidly Internet computer reached the ranks of blue-chip coins like Bitcoin, Ethereum, and Dogecoin.
One of the reasons why Internet Computer was so quickly snapped up by the market is its uniqueness in comparison to the plethora of other cryptocurrencies.
The new digital currency is being developed by the Dfinity Foundation, a non-profit located in Zurich, and is expected to compete with big fish like Bitcoin and Ethereum. It debuted on May 10th, 2021, with a hefty launch price of ICP $731, making it the 8th most valuable cryptocurrency by market value.
Although the currency sank to less than $150 in minutes, it briefly recovered to around $280 before dropping again.
Start Investing in Internet Computer (ICP)
To start investing in Internet Computer (ICP) and other cryptocurrencies, you must first sign up for an account with an exchange that enables you to buy and sell Internet Computer (ICP) in India. An exchange broker is a website where you may buy and sell ICP as well as other cryptocurrencies. If you want to buy and invest in ICP quickly and effortlessly using your MasterCard, Credit Card, and UPI check out BuyUcoin Exchange!
