Dfinity Foundation, a blockchain startup that aims to revolutionize the World Wide Web by creating a decentralized “Internet Computer,” has launched its long-awaited governance token ICP—and it has already landed among the top 10 cryptos, following a day of trading carnage.
The token was first launched on American crypto exchange Coinbase Pro on Monday. Since then, other major trading platforms such as Binance, Huobi Global, and OKEx have been gradually adding support for it as well.
According to crypto metrics platform CoinMarketCap, ICP’s average price surged to around $730 almost immediately after its launch—and dipped to as low as $146 in just 40 minutes. By now, after a turbulent day of trading, the token’s price has stabilized around the $400 mark.
At press time, ICP is trading at roughly $375, up 33.45% on the day. With a market capitalization of nearly $46 billion, the token is currently ranked 8th among the largest cryptocurrencies, pushing Litecoin out of the top
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