ICP Price Analysis January 2022

ICP is a coin of platform DFINITY. By writing, its current price is around $37.73, with a low of $0 in 2021 and a market cap of 7.2 billion dollars.

Icp Price Analysis January 2022
ICP Price Analysis January 2022

What is DFINITY?

DFINITY is a trusted, scalable, decentralized cloud computing platform that integrates some of the latest technologies in cryptography, distributed system design, and mathematics. Dominic Williams founded it in 2016. It is a decentralized computing network powered by its native coin ICP. DFINITY is a blockchain-based distributed computing system that aims to offer an open-source, decentralized computing system to the world.

It is a public network of computers that can execute smart contracts and a decentralized cloud computing platform. It is being designed to be the Internet Computer and will have the ability to host many things, including operating systems, web browsers, databases, and more. The DFINITY blockchain implements a new consensus mechanism called Proof of Space-Time. It is a decentralized cloud platform that serves as a fully decentralized world compute capacity, world data storage, and world software distribution.

What is ICP?

ICP is the coin of the DFINITY platform, which is around $37.73 by the time of writing, with a low of $0 in 2021. Its current ranking is #30 according to CoinMarketCap, with a market cap of 7.2 billion dollars.

It reached a high of $750.73 in 2021 with a low of $0. The ICP coin is a relatively new cryptocurrency, part of the Internet computer ecosystem. The ICP coin is based on a proof-of-work protocol that uses the SHA-256 hash algorithm for verification.

ICP Coin Market Analysis 

It has a total supply of 475,986,994 coins worth around $37.73 with a market volume of 1.4 billion dollars, whereas the market capitalization is 7.2 billion dollars at writing.

ICP Price Prediction

On the 1D timeframe, it appears that price has formed a bullish Shark pattern where the price was consolidating in an accumulation phase. Currently, there is a rise in the price by 15% during the manipulation phase of the pattern, and we can expect Expansion of the ALTs Season.

For any time, on-demand analysis on $ICP or any other coin can join our Telegram channel.

Icp Price Prediction
ICP Price Prediction

Here are some of the best exchanges to buy ICP.

Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.

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Pratyaksh