Internet Computer rallies 40%, emerges among the top weekly gainers

Internet Computer’s token price reached $17 today, its highest in two years.

The price increase represents a 500% increase from its lowest price just six months ago. The network reached three billion blocks today, indicating a high activity level and robustness, reflecting its capacity to handle transactions and interactions efficiently.

According to CoinMarketCap, the token’s daily trading volume surged 126%. ICP’s surge reflects growing investor interest and confidence in the token, contributing to its price increase. 

The network also recently rolled out ckBTC, a digital asset mirroring Bitcoin. The new digital asset allows Internet Computer to create solutions incorporating Bitcoin transactions, with ckBTC already securing over $12 million in total value locked (TVL).

The renewed interest in ICP is also driven by the network’s experimental integration of AI technologies. The network revealed the world’s first blockchain-based AI smart contract, which potentially signifies that AI has become a core component of web3 developments. The Internet Computer network now enables developers to craft AI-powered applications. 

AI-based tokens have surged throughout this bull market, fueled by the latest developments and the introduction of next-gen technologies. Worldcoin, a venture of OpenAI CEO Sam Altman, has rallied over 400% since last year. 

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About the Author: Daniel