ICP coin has had a rough first year, but the bulls are not ready to give up. Their main investor, Dfinity Network, has already called 2022 “the year of ICP.” ICP crypto news is setting the pace for the coming year. We may even see proposals for a larger network, which would be a huge boon for the cryptocurrency. Let’s take a look at some of these developments.
The Internet Computer is a blockchain project that aims to build a network with infinite capacity. The DFINITY Foundation, the organization behind the project, aims to make a platform for computing tools and backend software. With this, individuals and businesses alike can create anything that they need. The project is also intended to provide a decentralized alternative to legacy software providers. It has been criticized for a “rug-pull” scandal – a claim it denies.
The Internet Computer has already made progress, but it is still facing some big hurdles. Even with a huge number of supporters, it is not as strong as it once was. Ethereum has already been the largest cryptocurrency by market cap, but Internet Computer has managed to catch up to it. It has a decentralized platform that allows developers to build decentralized websites and applications.
Analysts are conflicted over the price of ICP, but they are unsure of its future. The cryptocurrency has fallen to less than $25 in the past year, and the price can change at any time. Even the most promising altcoins experience volatility.