Why has Internet Computer launched two days ago with a market capitalization of 45 billion USD?

Not an inflated project, but Internet Computer has easily attracted tens of billions of dollars and entered the Top 10 largest cryptocurrencies in the world.
Launched in the midst of a storm of Dogecoin and animal virtual currencies, Internet Computer (ICP) seems to be quite underpowered compared to the competition. But as soon as it went on the floor, this virtual currency set a record when it attracted tens of billions of dollars in cash flow, creating a record capitalization of 45 billion USD and immediately entered the Top 10 coins. The world’s largest encryption.

This achievement is not made by shark pumps or mentioned by celebrities. In fact, there are three main reasons why Internet Computer has achieved unprecedented success. Internet Computer development team. The first is that Internet Computer was posted on all major exchanges at the same time, thereby creating the effect of fear of missing out (FOMO). This is an extremely important factor, because most virtual currencies will go to small exchanges or decentralized exchanges first (DeFi), making its liquidity and attractiveness much less than on exchanges. big. Next, this project has been cherished for a long time with a very clear information about the developer. The project has been developed by a team of nearly 200 engineers from the UK and Switzerland since 2016. The organization behind Internet Computer then raised about $121 million and began technical development for the coin. The head of this organization, Dominic Williams, also regularly goes on the media to talk about Internet Computer’s 20-year long-term vision and goals. By 2018, the new developer gave more than 50,000 subscribers a certain amount of Internet Computer virtual currency. At the end of last year, the process of testing the official network (mainnet) of Internet Computer has just begun. And on May 10, Internet Computer officially went on the floor. There was a time when the value of Internet Computer was more than 500 USD, equivalent to a capitalization of over 68 billion USD. Finally, the most important is the algorithm and the purpose that Internet Computer aims at. This project aims to provide users with the ability to create supporting software applications themselves instead of using server service providers like Amazon, Microsoft or third parties like Facebook, Google. In other words, Internet Computer is all about replacing DNS, firewalls, antivirus, databases, cloud services, and even VPNs. With decentralization, Internet Computer is expected to break the monopoly of Big Tech giants in the Internet environment. With an ambitious project, developed by a reputable team, it is not difficult to understand when Internet Computer has had an ICO in the Top 10 most successful virtual currencies ever, reaching the market capitalization record $ 68 billion and at one point broke into the Top 4 largest cryptocurrencies in the world before falling to about $ 45 billion with prices fluctuating in the range of less than $ 400.