Internet Computer Cryptocurrency Surges Over 6% in a Day

14 views 2:42 pm 0 Comments May 16, 2024

Internet Computer’s ICP/USD price has surged by 6.31% in the last 24 hours, reaching $12.51. This marks a significant deviation from its performance in the past week, where it faced a substantial 19.0% decline, dropping from \(15.44 to its current value. Notably, the coin’s all-time high remains at \)700.65.

The comparison chart below illustrates the price fluctuations and volatility of Internet Computer within the last 24 hours (left) versus the trends observed over the preceding week (right). The presence of Bollinger Bands, depicted in gray, serves to gauge the volatility associated with both daily and weekly price shifts. A wider band or increased gray area indicates heightened volatility during the respective periods.

In terms of trading activity, the coin’s volume has increased by 8.0% over the past week, showcasing an inverse correlation with the circulating supply, which has decreased marginally by 0.1%. Consequently, the current circulating supply stands at 462.73 million. Our data positions ICP at #22 in market capitalization, amounting to $5.78 billion.

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