Internet Computer

Today's state: Internet Computer is trading at $2.10 with a $1.1 billion market capitalization (rank #55). The price moved -1.96% over the past 24 hours and is -26.72% over 7 days; the 30-day move stands at +0.00% and the 90-day at -6.78%.

Position vs cycle: Sitting more than 70% under its prior cycle high, the asset is deep in post-peak drawdown territory — a zone associated with late-stage bear phases or a permanent downward re-rating.

Volatility and structure: 30-day realized volatility of 93.2% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Bearish (29/100), against a weakening multi-horizon backdrop with cumulative pressure across 30/90-day windows.

To place ICP in the wider market, its 90-day return correlations against the two other largest layer-1s show whether it trades as crypto-market beta or on its own drivers. The Pearson figures across daily log returns:

• Bitcoin reference: +0.33 — a weak positive relationship.
• Ethereum reference: +0.42 — a moderate positive relationship.
• Solana reference: +0.53 — a moderate positive relationship.

High correlation across several references usually means the asset is mostly crypto-market beta: when BTC, ETH and SOL move, it moves too, and independent alpha is hard to find. Low or negative readings point to its own drivers — project-specific news, intra-crypto sector rotation or narrative shifts — that can decouple it from the broad market.

Internet Computer (ICP) is a cryptocurrency, traded on global digital-asset markets. It trades at $2.10 as of the latest update, with a 24-hour move down 1.96%, placing it at rank #19 by market capitalisation among all listed digital assets. Internet Computer's current market cap stands at $1.11B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Internet Computer across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Internet Computer is a base-layer blockchain built to host other applications. What ultimately drives it is not a single headline feature but durable demand — whether builders keep deploying and users keep transacting on it versus the many competing Layer-1s.

By market value, Internet Computer sits at rank #55 — a top-100 asset. Essentially all of the ICP supply is already issued — roughly 530.11M of a 469.21M cap are in circulation — so future inflation is a non-factor. It currently trades about 99% below its all-time high of $342.23 set in May 2021.

Internet Computer secures a Layer-1 network through proof-of-stake: rather than mining, validators bond the native token, take turns proposing and confirming blocks, and are slashed if they misbehave. The asset doubles as the gas that pays for computation and as the unit of staking and governance.

By market value, Internet Computer sits at rank #55 — a top-100 asset. Essentially all of the ICP supply is already issued — roughly 530.11M of a 469.21M cap are in circulation — so future inflation is a non-factor. It currently trades about 99% below its all-time high of $342.23 set in May 2021.

Primary use cases: hosting decentralized applications, native staking for yield, securing the network through validator participation, paying gas for transactions, and serving as base-layer collateral for the DeFi protocols built on the chain.

Daily volume runs at about 2.7% of market capitalisation ($30.27M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

Internet Computer's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. At over 99% of maximum supply issued, future issuance pressure is effectively zero — the supply curve is now flat, and value accrual must come from network adoption rather than from supply schedule mechanics.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

The macro backdrop for crypto assets is dominated by the Federal Reserve's rate path, the trajectory of dollar liquidity, and the unwind (or non-unwind) of the post-2020 expansion in M2 money supply. Crypto — Bitcoin in particular — has historically responded most strongly to shifts in the global liquidity regime, with risk-on phases coinciding with falling real yields and a softening dollar, and risk-off phases the inverse.

To read crypto in a wider context, keep an eye on four markets — the dollar, where strength typically pressures risk assets; long-dated Treasury yields, which set the discount rate on future cash flows; gold, sometimes a parallel hard-money bet; and US equities, frequently correlated with crypto during liquidity-driven swings despite the popular "uncorrelated" label.

For Internet Computer specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, ICP tends to follow; when they contract, the relationship typically reverses. With a comparatively loose 90-day BTC correlation of +0.33, ICP has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Specific risks: validator centralisation, smart-contract risk in the application layer, competitive pressure from rival L1s, regulatory uncertainty around staking rewards, MEV (maximal extractable value) concerns, and dependence on continued developer and user adoption to sustain network value.