Internet Computer surges 40%, emerges as one of the leading weekly gainers
Internet Computer’s token price has soared to $17 today, marking its highest point in the past two years. This remarkable increase represents a staggering 500% surge from its lowest price just six months ago, showcasing the token’s resilience and growing popularity. The network has reached a significant milestone of three billion blocks, demonstrating a high level of activity and robustness. This achievement underscores its ability to effectively handle transactions and interactions.
According to CoinMarketCap, the token’s daily trading volume has experienced an impressive surge of 126%. This surge reflects the mounting interest and confidence that investors have in the token, which has contributed to its substantial price increase.
In addition to these developments, the network has recently introduced ckBTC, a groundbreaking digital asset that mirrors Bitcoin. This innovative asset allows Internet Computer to integrate Bitcoin transactions into their solutions, and it has already secured over $12 million in total value locked (TVL). This introduction has reignited interest in ICP, as it expands the network’s capabilities and potential.
Furthermore, the renewed enthusiasm for ICP can be attributed to the network’s experimental integration of AI technologies. In a groundbreaking move, the network has unveiled the world’s first blockchain-based AI smart contract, signifying the emergence of AI as a crucial element in web3 developments. This integration now empowers developers to create AI-powered applications on the Internet Computer network.
The surge of AI-based tokens has been a notable trend during this bullish market, propelled by the latest advancements and the introduction of next-generation technologies. Notably, Worldcoin, a venture led by OpenAI CEO Sam Altman, has witnessed a remarkable rally of over 400% since last year.
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