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There is a cryptocurrency (virtual currency) that has reached the 6th place in the market cap with the market cap exceeding $45 billion in one day after the transaction began on the 11th.
It is the’Internet Computer’ (ICP). ICP listed on Binance, a global cryptocurrency exchange, on the 11th, and the market cap exceeded $45 billion within a day of listing, making it the 6th largest cryptocurrency.
Since then, prices have fallen and have been pushed to the 8th place in the market cap, but it is still within the 10th place. Currently, there are about 10,000 cryptocurrencies on the planet. Experts are saying that it is great to be in the top 10 market cap within a day of listing.
ICP is trading at $361, down 24.33% from 24 hours ago on CoinMarketCap, a global coin market relay site, as of 3pm on the 12th (Korean time). Despite the decline, the market cap is $44.9 billion, ranking eighth in the market cap.
ICP is a cryptocurrency issued by the Dfinity Project. Dfinity is a project that improves the data throughput of the blockchain by researching distributed computing technology and cloud technology by itself. It was developed with the goal of improving the performance of automated programs such as smart contracts running on the blockchain and reducing fees for computation of the blockchain.
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