A new bridged connection between the Ethereum ecosystem and the Internet Computer now supports native ERC-20 tokens on the ICP network. If the Internet Computer’s unique features interest you and you want to know how and where to buy ICP, this guide will help.
Best places to buy ICP
What is ICP?
Internet Computer (ICP) is the world’s first blockchain designed to run at web speeds with effectively unlimited throughput. It represents a major blockchain innovation alongside Bitcoin and Ethereum: a blockchain computer that scales smart contract computation and data, executes at network speed, processes and stores data efficiently, and provides developers with powerful software frameworks. By enabling this, the Internet Computer reimagines software: allowing a new approach to building tokenized web services, cross-industry platforms, decentralized finance systems, and even traditional corporate systems and websites. The project was founded in October 2016 by Dominic Williams and quickly drew significant attention from the crypto community. DFINITY raised $121 million from investors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, along with several early Ethereum backers.
Should you buy ICP today?
Cryptocurrency markets are notoriously difficult to predict. You should never make financial decisions without thorough market research and careful risk assessment. Only invest what you can afford to lose.
ICP price outlook
Some forecasting services take a very bearish view of this token, even predicting significant declines. For example, certain models have suggested prices could fall to around $2.84, implying a 90% drop from earlier highs. Historical price action has indeed shown large volatility: at launch earlier in the year, ICP traded near $700 per coin before dramatic price changes followed.
ICP on social media
#ICP $ICP pic.twitter.com/WeiYTEsEfw
— Binance Allawi (@Allawi95e) December 15, 2021