Internet Computer, the newly launched cryptocurrency has a value of up to 45 billion USD

Just launched on May 10, Internet Computer (ICT) coin has quickly become the most attractive coin in the crypto world, with a market capitalization of up to 45 billion USD.

Mr. Dominic Williams, developer of the joint Internet Computer project. On May 10, the ICT coin had a time of reaching the highest price of 700.65 USD and the lowest at 251.3 USD. Up to now, this coin is trading at an average of 381.5 USD/coin. According to data from CoinMarketCap.com, Internet Computer (ICT) has ranked 8th in the list of the largest digital currencies by market capitalization. Currently, most cryptocurrencies have a strong increase in value with a total market capitalization of about 2.48 trillion USD. Therefore, launched at a time when cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin are in the spotlight in the financial world, ICT coin also quickly attracts investors. However, unlike other digital currencies, the developer of ICT said that the technology behind the Internet Computer is actually a digital code, allowing people to upload anything they want to the Internet without need through a digital platform like Amazon or Facebook, especially without using servers or commercial cloud storage services. The project’s developer, Dominic Williams, says the idea eliminates network barriers and lowers costs significantly. If you own ICT, users can build their own social networks or other services to compete with the Internet giants. In the list of 10 largest cryptocurrencies by market capitalization of CoinMarketCap.com, ICT ranks 8th. As of May 12, the cryptocurrency market simultaneously prospered. Specifically, Bitcoin increased 3.23% to 57,309.9 USD/coin. Ethereum surged as much as 8.89% to $4,236.66 per coin. Dogecoin, a coin that purports to mock cryptocurrencies but has made a strong comeback recently, also gained 7.22% to $0.494 per coin. In particular, Bitcoin, the largest digital currency by market capitalization and always playing a leading role in the digital currency market, is becoming inferior to the rise of other currencies. Meanwhile, Ethereum’s more than $4,000 mark is an all-time high for this digital currency. This incredible growth has financial experts concerned about the overabundance of cryptocurrencies in the market. In addition, the reality shows that digital currencies are still constantly volatile, posing many potential risks for investors.