Internet Computer (ICP) has surpassed Bonk (BONK) as the top weekly performing altcoin in the crypto market.
ICP, the native cryptocurrency of the third-generation web-speed network Internet Computer, is in the midst of a bullish rally, which has seen its price rise more than 93% in the last week.
The market value of ICP amounts to $4.800 billion dollars, at the time of writing this article, ranking it as the 19th most capitalized cryptocurrency in the crypto market. He ICP price It stands at around $10,65 dollars, recovering the levels from 19 months ago.
Source: CoinMarketCap
The bullish rally experienced by the ICP price Currently it seems to occur for no particular reason.
The project developers announced this week a strategic partnership between the Internet Computer team, Gaudi Knowledge Association and Moon Labs, although the reasons for ICP's bullish rally remain unclear.
An atypical case in the current crypto market
The price rise experienced by the Internet Computer cryptocurrency is presented as an atypical case for the current market.
Although the bullish sentiment of cryptocurrencies in general prevails, Bitcoin and Ethereum, which lead the industry as the most capitalized and adopted cryptocurrencies globally, have experienced a slight drop in the last week, correcting 4,85% and 5,6 .7%, respectively. Other major cryptocurrencies such as Solana, Cardano, Dogecoin, Polkadot, Chainlink, and Polygon have also corrected lower in the last XNUMX days.
On the other hand, only a few Top 100 cryptocurrencies are experiencing a bullish rally this week similar to that of ICP. These cryptocurrencies, Bonk, Osmosis, Helium and Injective, have increased in value this week by between 43% and 80%, respectively.
Source: CoinMarketCap
What is Internet Computer?
Internet Computer is an advanced blockchain that seeks to revolutionize the architecture of the Internet. This blockchain, the first to run at web speed, offers a decentralized alternative to centralized cloud providers, enabling thousands of people around the world to build new decentralized, complete and secure Internet and financial services. more efficient, while governing and enjoying sovereignty on the network.
Dominic Williams, cryptographer and chief scientist at DFINITY, the scientific research foundation that incubated the project, unveiled an alpha version of the Internet Computer in December 2020. Later, in May 2021, he launched the network to the public. Today, 3 years after its creation, Internet Computer has become a catalyst for web evolution.
Its native cryptocurrency, ICP, is used as a utility and governance token for the network, allowing holders to exercise voting power over the blockchain and reward chain participants who operate nodes and execute other activities within their network. ecosystem.
