14.05.202102:05 Forex Analysis & Reviews: ICP has already reached $ 40 billion capitalization as it launched in the crypto market this week

The capitalization of the new cryptocurrency has exceeded $ 40 billion in a few days after its first appearance on the crypto market.

Earlier this week, the new crypto asset ICP was launched on the crypto world this week and quickly showed its strong intentions. The asset quickly accelerated and is now trading at a price of $ 300. At present, it takes the 9th place in terms of turnover in the rating. According to the forecasts of numerous experts, ICP will be a serious competitor for Ethereum and Bitcoin in the near future. Currently, the ICP token can already be seen on various global crypto exchanges.

Bitcoin takes the lead in terms of capitalization with more than a trillion dollars, followed by Ethereum with approximately 480 billion dollars, Binance Coin with more than 90 billion, and then Dogecoin has about 55 billion dollars. The global capitalization of the crypto market is more than $ 2.5 trillion.

The new cryptocurrency has every chance to get into the top 5 in the near future. And since Bitcoin's instability is currently declining, many investors are no longer in a hurry to invest their money in it. The amount is already prohibitively high, which is a good alternative for investing in a completely new and transparent project with a huge growth potential.

It is worth noting that the ICP crypto asset operates on its own Internet computer protocol. With it, one can make software or publish content on the Internet, without resorting to the help of Google. The Internet computer extends the functionality of the mass online with the support of a public block chain.

There is also an ability to host smart contracts without any capacity restrictions, turning it into a public computing platform that expands the capabilities of creators and merchants around the world and reduces the cost of computing by a million one or more. The Swiss non-profit organization Dfinity is beginning to enjoy huge demand and support from investors.