Internet Computer (ICP) is Bullish by Over 88% in the Last 7 Days

Internet Computer (ICP) cryptocurrency is up by over 88% in the last 7 days. At the time of writing, ICP is trading at $72.47 with a 24-hour trading volume of $1,252,018,227, according to CoinGecko.

This means the crypto is up 8.44% in the last 24 hours. Currently, ICP ranks 16 on CoinMarketCap with a live market cap of $9,921,415,760. In addition, it has a circulating supply of 136,899,214 ICP coins and a max supply of 469,213,710 ICP coins.

More so, the last 7 days have been great days for ICP holders. The coin almost doubles its price, reaching a 2-month high of over $72 since it was trading at around $28 on June 27.

However, this price surge is nothing to long-time holders as ICP dropped from its all-time high of around $414 back in May to its all-time low of around $28 in June.

But following the recent bullish trend, some traders remain positive. They think the crypto is on the right track to reaching its old price (~$414) and even pass that price to hit a new ATH.

Of note, the Internet Computer claims to be the world’s first blockchain that operates at web speed with unlimited capacity. Also, it represents the third major blockchain innovation, alongside Bitcoin and Ethereum.

As a blockchain computer that scales smart contract computation and data, ICP runs data at web speed. Moreover, it processes and stores these data efficiently and provides powerful software frameworks to developers.

According to the ICP team, the Internet Computer allows the complete reimagination of software. This provides a revolutionary new way to create tokenized internet services, pan-industry platforms, and decentralized financial (DeFi) systems. And also traditional enterprise systems and websites.

In 2018, the company gave over 50,000 registered participants ICP utility tokens in an airdrop. On December 18, 2020, DFINITY, the company behind ICP, launched the alpha mainnet of the Internet Computer. On May 10, 2021, DFINITY launched the Internet Computer into the public domain as a final step towards decentralization.