A Two-day-old Crypto Values at $45 billion

Cryptocurrency has been trending with lucrative opportunities since last year. Different institutions are venturing into the crypto business as the assets seem to be the future of currency. Have you joined the crypto waves? You can take advantage of the bullish attitude of most tradeable assets to earn huge returns. Although a lot is happening in the crypto market, for now, Internet Computer stands out.

Launched on 10th May this year, Internet Computer cryptocurrency has surprised many with its enormous gains. Within a day, the virtual asset has a market value of $45 billion. Coinbase, a crypto exchange based in America, listed Internet Computer eighth. That is as far as assets that gained quicker are concerned. Now, the cryptocurrency ranks ninth, surrounded by prominent objects like Ethereum, Dogecoin, Ripple, and Bitcoin.

Internet Computer aims to provide a new product that can allow you to make content and create software. Today, if you need to publish your content on the internet, you have to use big tech companies such as Amazon or Facebook or register with cloud firms such as Microsoft or Google. Internet Computer wants to change that narrative by creating a space for more beneficial or independent ideas.

Interestingly, similar to Ethereum, Internet Computer uses smart contracts. Is the new asset trying to follow ETH bullish trends? Smart contracts may execute, update, or control data autonomously when transacting to impose the agreement’s terms. That ensures automatic actions that require no intervention.

Are we going to forget about traditional IT soon as more operations move to smart contracts? Dfinity chief scientist, Dominic Williams, declared that to the CoinDesk media platform.

Do you think that Internet Computer surged within 24 hours because of the gushy wave? That is not the case. Firstly, this is a project by Dfinity, a non-profit organization based in Zurich, and has been operating for 5 years. Internet Computer has attracted many remarkable backers such as Polychain Capital and Andreessen-Horowitz.

As Internet Computer is flourishing, Dfinity’s blockchain has the challenge to maintain its market cap, trade price, and top spot amidst volatility.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

All You Need To Know About New Innovations In The Crypto Space

BTC is always going to stay at the top like a boss, but the developments which are happening in DAOs, layer-2 solutions, NFTs with the emerging metaverse, and utility are much more groundbreaking and innovative right now. Bitcoin Is Great There is something definitely brewing, and those who have capable noses can easily smell it. […]

Binance Appoints Ex-detective as Director of Audit and Investigations

Binance continues to grow in this new era of crypto adoption, and to make sure that the exchange is well equipped with modern regulations and regulatory insight, Binance has acquired a new director for audit and investigation. Aron Akbiyikian is a well-renowned digital media analyst and forensic expert, and he has taken charge as the […]

Financial Giant SBI Holdings has Launched Crypto Fund

It is believed that it was Japan where the world’s first cryptocurrency, Bitcoin, was founded, but the region has been a tad slower into adopting the crypto revolution. There haven’t been any interruptions or cataclysmic bans on the digital assets and the cryptocurrencies per se, but the overall adoption of blockchain technology remained grey. But […]

Poolz Introduces $2 Million Fund for NFTs and Gaming Projects

Fundraiser and token launcher, Poolz, has said that they are bringing up a $2Million fund that will be used in the research and development of new and unique NFT and gaming projects. Poolz is establishing a fund that will contribute to the research and development of new NFTs and gaming projects in hopes of giving […]

Russian Sberbank Will Roll Out Its Digital Asset Tool This Month

Sberbank, without any doubt, is the largest financial and banking institution in Russia, and it has recently decided to make a move into the crypto space for good. A Russian take on the idea of decentralization is not very positive at all, and for this matter, the central bank of Russia is working on a […]