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Internet Computer (ICP) gains 10% after being listed on a major exchange: Details

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Tomiwabold Olajide

ICP’s 24-hour trading volume has increased by 158%.

Disclaimer: The views expressed here are not investment advice and are provided solely for informational purposes. It does not always reflect the views of U.Today. Every investment and every trade involves risk, so you should always conduct your own research before making any decisions. We do not advise investing money that you cannot afford to lose.

Poloniex, one of the world’s oldest exchanges, has announced the listing of Internet Computer’s ICP token.

Poloniex, as stated in a blog post, will list Internet Computer (ICP) in accordance with specific timelines. ICP trading and deposits were set to begin on February 16, 2023.

— Poloniex Exchange (@Poloniex) February 16, 2023

AirGap, a software wallet, has announced the integration of the Internet Computer Protocol (ICP). This integration would make ICP management and storage easier and more secure.

The DFINITY Foundation, a non-profit organization dedicated to the advancement of the Internet Computer, announced its mainnet integration with Bitcoin in December, bringing smart contract functionality to the world’s largest cryptocurrency. Bitcoin’s Layer 2 would now be Internet Computer.

The ICP rises by 10%.

ICP was up 10% in the last 24 hours to $6.59 at the time of publication. The token has also increased by 29% in the last seven days. As traders entered the fray, ICP’s 24-hour trading volume increased by 158%.

The gain is significant, given that the majority of cryptocurrencies, led by Bitcoin and Ethereum, were trading in the red at the time of publication.

Bitcoin fell further as a result of hawkish remarks from Federal Reserve officials and new indications of an aggressive regulatory crackdown in the United States.

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Financial Futurism © 2024. All rights reserved.

Disclaimer: The information provided here is not financial advice - it is for informational or entertainment purposes only. The opinions expressed here are not necessarily those of Financial Futurism writers or staff. Trading and investing involve risk, so you should always conduct your own research before investing. If you are planning to make an investment, you should contact an authorized financial expert. You should not invest money that you cannot lose.

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Financial Futurism © 2024.
All rights reserved.

Disclaimer: The information provided here is not financial advice - it is for informational or entertainment purposes only. The opinions expressed here are not necessarily those of Financial Futurism writers or staff. Trading and investing involve risk, so you should always conduct your own research before investing. You should not invest money that you cannot lose.