A cryptocurrency token that grew by 34% per day is named

Not financial advice!

As of 15:00 Kyiv time on December 16, 2023, the price of the Internet Computer (ICP) digital coin jumped by 34.5% per day. Over the past week, this figure has already increased by 64.9%, and over the course of a month, it has added 91.6%.

You can buy the digital currency for $ 8.95. Its market capitalization soared by more than $ 1 billion in 24 hours and reached $ 4.03 billion. Daily transaction volumes increased by 250.9%, reaching $ 399.47 million. At the same time, it should be emphasized that this asset is trading 99% cheaper than its record high.

The Internet Computer (ICP) cryptocurrency is being developed by the Distributed Systems Foundation (DFINITY). The project aims to create a decentralized open platform that can perform computations, store data, and support smart contracts on the Internet. Internet Computer uses the Threshold Relay consensus protocol, which enables the creation and maintenance of decentralized applications and contracts without the need to rely on centralized servers.

The platform also provides scalability and high performance for performing complex calculations and processing large amounts of data. The ICP cryptocurrency is used as an internal token of the Internet Computer platform. It is needed to pay for services, access computing resources, and participate in the management of the platform.