If you’re a novice in the crypto investment world, you may be stunned to discover why Internet Computer demands such a higher trading price. You may be curious “is the internet computer a good investment?”. You may also be questioning how the new token outperformed DOT, XRP, LINK, and UNI in the first week of trade. Thus, we have made this article to aid you.
The Internet Computer Protocol is not like other cryptocurrency blockchains, which are only interested in gaining control over intermediaries like clearinghouses, conventional banks, and insurance firms.
The primary purpose of ICP is to seize control of the digital world. This includes storing usernames and passwords, which provides website builders with sufficient user information. Companies might also profit from selling vital information.
Expressed, the Internet Computer would allow us to reclaim our freedom in the digital world by enabling us to leave no trace. Thanks to Dominic Williams and his team’s ingenuity, the Internet Computer might become the following $100 billion cryptocurrencies.
Ethereum has the foremost-mover advantage in smart contracts, just as Bitcoin has in blockchain generation. Dogecoin has foremost-mover merit in meme-inspired cryptocurrency, while Internet Computer (ICP) might have a first-mover advantage in endless blockchains.
What is an Internet Computer?
Internet Computer is both a protocol and a cryptocurrency created by Dominic Williams, a British computer scientist. Internet Computer is a blockchain system that lets internet developers, producers, and consumers construct censorship-resistant apps and services.
The fact that it is decentralized is much more crucial. This implies it is not subject to centralized control in the technology business. It gets founded in 2021.
It also had a staff of 188 individuals who had worked on the project for the previous five years. The Dfinity Foundation is in charge of the protocol’s development, promotion, and adoption by several developers and users.
ICP is the ticker symbol for the cryptocurrency, primarily used for network governance and as a fuel for computing in the Internet Computer environment. On the 10th of May 2021, its ticker symbol emerged on cryptocurrency exchanges.
So far, the ICP cryptocurrency has shown symptoms of bullishness and sensitivity to crypto news, which has resulted in bearishness. A computer connected to the internet can generate everything you can find on the internet right now.
Websites, social networking apps, databases and storage, video games, and any other website-related material you can think of are all examples of website-related content.
All technical solutions discovered online may be made and utilized without the assistance of computer geniuses such as Facebook’s Mark Zuckerberg, Twitter’s Jack Dorsey, and other technology moguls.
Users would get empowered with the tools they need to participate in the evolution of the internet’s whole ecosystem.
Is Internet Computer a Good Investment?
Yes. Internet computer is a good investment. The first cryptocurrency to be supported by a protocol is the Internet Computer. Many crypto specialists feel that the Internet Computer is a decent investment compared to other cryptos. Despite all of ICP’s ups and downs, experts anticipate that the stock’s price will continue to rise in the long run.
This is why some crypto specialists believe the Internet Computer is a wise investment based on fundamental and technical research. Despite its rapid bullish runs and drops, analysts believe that the Internet Computer is an excellent long-term investment that might fetch a high price.
Various elements will drive Internet Computer ICP investment, but one of the most important is launching social media apps and decentralized financial applications.
Cryptocurrencies like Ether, EOS, TRX, and ADA have benefited from the development of decentralized financial apps and the running of DAPPS on their platforms. Decentralized exchanges, financing, yield aggregating, and asset allocation tools have become commonplace among investors.
This is In addition to unconventional savings applications, variants, hedging asset tokenization, merchant services, marketplaces, predictive analysis, stable coins, futures markets, and KYC & Identity.
Consequently, the mere suggestion of users’ potential to contribute to the building of online apps, especially on social media, may push up the price.
Is internet computer a good investment: More valid facts?
Users would be able to utilize tokenized mass-market social media sites without entering usernames, passwords, or email addresses that might get traced back to them, which would help decentralize the internet.
The end of centralized digital innovations might be imminent as long as the apps offer the same features or outperform existing ones in terms of quality.
CanCan, a direct rival to TikTok, has already been established. It is also running on the Internet Computer blockchain, thanks to the Dfinity Foundation.
Dfinity pointed out that since can get written in less than 1,000 lines of code; Internet Computer makes it significantly easy to design apps. On the other hand, Facebook required 62 million lines to create the social networking program.
MAGNIFY, a secure video-conferencing program with participant authentication, is one of the projects already functioning on the platform. Similar to LinkedIn, LinkedUp is a desktop-based social network for professional accounts.
Other apps developed fall under the luxury goods and decentralized payment categories. There would be more users if there were more social media apps. With more users, there will be more significant activity on the coin as a source of computing power.
The current value of the digital asset would surely rise due to this. These are excellent reasons to consider the Internet Computer a potential investment vehicle.
Internet Computer Investing: Getting Started
You’ll need to identify reputable cryptocurrency exchanges or brokerages to begin investing in Internet Computers. Because Bitcoin is still a newcomer to the market, we recommend trading and supporting well-known exchanges.
Binance, Coinbase Pro, Huobi Global, WBF Exchange, and OKEx are just a few exchanges where you may trade or invest in Internet Computers.
You must first Sign Up to create an online account. Please provide your complete name, email address, residence address, and phone number. You would be exposed to an Authentication process as part of the registration procedure due to fraud and identity theft.
Knowing Your Customer (KYC) is critical for authenticating the account holder’s identity. A government-issued identity card would be required to be uploaded. Other essential papers may get needed to verify the individual’s identity using the phone or computer.
Furthermore, you will be required to Deposit Funds based on the payment method you choose. Please be aware that money uploading is critical in assisting you in purchasing ICPs.
The last step is to visit the Internet Computer website and buy your coins. Your payment will be processed and credited to your account.
Frequently Asked Questions
Is the internet computer a good investment?
Yes. The Internet Computer is an excellent investment because of its solid technological underpinnings and multiple business connections. According to a huge number of blockchain specialists and professionals, the ICP price is expected to rise. In 2022, it gets expected to exceed its previous all-time high.
Is the ICP price going to hit $150?
Yes. The ICP price gets expected to reach $150 or more in the foreseeable future. Many blockchain specialists feel that the Internet Computer’s long-term prospects are pretty bright and that ICP will soon approach $150, $200, or even more.
Is there a future for ICP crypto?
Yes. The Internet Computer is a technologically innovative concept with significant long-term potential. Many cryptocurrency investors believe that the price of ICP will continue to rise in the future.
Where do I buy the internet computer?
The Internet Computer is a virtual currency that can get bought on almost all major exchanges like Binance, Coinbase, KuCoin, Huobi Global, Bitfinex, OKEx, and a slew of other exchanges.
Who should have a portfolio with an internet computer?
Buying or investing in internet computers might help several people.
Internet Computer (ICP) is a cryptocurrency that cryptocurrency traders may add to their portfolios. This is because the currency is the world’s ninth-largest digital asset. It’s also available on several well-known crypto exchanges and brokerages.
Because of the asset’s high volatility, day traders may profit handsomely. Experienced traders can benefit from the cryptocurrencies short-term moves, seeing several percentage changes in its first trading week.
ICP may get included by blockchain enthusiasts owing to its first-mover benefit as an endless blockchain.
With a more excellent grasp of how the Internet Computer Protocol works, cryptocurrency investors can utilize helpful information about its capabilities. This will also help them to choose suitable crypto.
In conclusion, when we consider the Internet Computer’s innovative technological underpinnings and its present and future use cases, it’s clear that ICP is a worthwhile investment.
This is also true, and its massively influential public listing was not only due to marketing and publicity. The ICP may seem to be a spur-of-the-moment initiative. In actuality, it’s a fully operating ecosystem that’s been in the works for years.
It’s also a significant competitor to blockchains like Ethereum, Cardano, and the Binance Smart Chain. Furthermore, the above highlight of “Is internet computer a good investment” will aid you immensely.
I am Lavinia by name and a financial expert with having a degree in finance from the University of Chicago. In my blog, I help people to educate by making wise choices regarding personal investment, basic banking, credit and debit card, business education, real estate, insurance, expenditures, etc.